Hong Kong is the preferred destination for people looking to register a business; there are a number of reasons that contribute to the high influx of foreign investors in China’s Special Administrative Region (SAR).
The ease of doing business in Hong Kong coupled with a favorable tax system have made it the preferred destination for investors in all regions of the world. There are over one and a half million companies registered in Hong Kong, which shows how attractive the city is for anyone looking to register a business offshore.
Registering a business in Hong Kong is made a lot easier and more convenient with company formation services. There are countless reasons that make hiring an authentic and legit company formation service a super-smart decision for your business. Some of the most important ones are explained below.
- Saves Money
Top company formation services like Get Started HK allow you to incorporate your business for the most affordable company register fees. It saves you hundreds of dollars that would be wasted otherwise. Furthermore, Get Started HK allows you to create a company in Hong Kong remotely, meaning you do not have to travel all the way to Hong Kong. This saves you thousands of dollars in tickets, accommodation costs, and transportation costs.
- Saves Time
For some people, time holds more importance than money. If you run a business, your time is the most valuable thing that you have. Company formation agencies save you considerable time that would otherwise be wasted in going through the whole registration process yourself. Submitting the documents and checking up on the application can consume a lot of time; it can even take up to months to get your company registered. However, with Get Started Hk, this time is cut to only 12 hours, meaning you can get your business registered within a day and get started on what you want to do.
- Bank Account Creation
Creating a corporate bank account is essential for the smooth and efficient functioning of your company in Hong Kong. Nevertheless, creating a corporate bank account in Hong Kong is not as simple as it sounds; newcomers might run into a lot of unforeseen problems, which can end up stalling the whole process. This is where the companies you hire to register your business come in; all the top company formation agencies offer bank account creation services. These services provide you with a corporate bank account within days and save you from the trouble of going through the whole process by yourself.
- Provide a Company Secretary
If you are a foreigner who plans to run your business in Hong Kong from any other country, according to the law, you will be required to have a company secretary within Hong Kong. Finding a trustworthy person to take care of your affairs in a completely new place might be hard. However, with Get Started HK, you get the option of getting a company secretary as part of your overall package. This again shows how beneficial it is to hire a company to set up your business in Hong Kong.
All the above-mentioned factors and more show why hiring a company formation service is the best thing you can do for your business in Hong Kong.