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Why so many foreign businesses set up company in Hong Kong?

K

Karen Chen

New Member
There are just so many cost and operational efficiencies even for small to medium sized businesses. No need to hire staff or rent office locally as company can be operated online. No VAT, no sales tax. Corporate profit tax rate 8.25-16.5%. Easy to understand and reliable business, banking and legal system.
 
Interesting

Interesting

New Member
Verified Member
I think because Hong Kong is a famous tax haven. Well-known examples of tax haven jurisdictions include Panama, Belize, the Seychelles, the Cayman Islands, the Isle of Man and Hong Kong. Very often, such territories are also called offshores, with companies registered under these jurisdictions described as offshore companies.
 
K

Karen Chen

New Member
I think because Hong Kong is a famous tax haven. Well-known examples of tax haven jurisdictions include Panama, Belize, the Seychelles, the Cayman Islands, the Isle of Man and Hong Kong. Very often, such territories are also called offshores, with companies registered under these jurisdictions described as offshore companies.
True to a certain extent. But Hong Kong is very different as it is one of the major financial centres in the world. Hence, it has strong credibility, solid legal, accounting, banking and business systems.
 
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