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──Oct 29 , 2021What are the advantages of establishing a Hong Kong company?

Incorporation of Hong Kong companyWith a low tax rate and a narrow tax base, except for specific industries,Incorporation of Hong Kong companyOnly profits tax is levied. The corporate profits tax rate in Hong Kong is16.5%If the profit in a year is less than200Hk $10,000. There is also a preferential policy of halving profits tax8.25%To collect).

In addition ifIncorporation of Hong Kong companyIf the business is carried out offshore, which does not occupy any resources in Hong Kong, the offshore income can also be exempted from profits tax.

Incorporation of Hong Kong companyAnother advantage is that it prevents trade information from leaking out. If mainland companies do business with overseas customers or suppliers, the information of domestic manufacturers, overseas customers or overseas suppliers will be recorded in the customs office. Driven by profit, such information is likely to be stolen, increasing the risk that foreign customers and suppliers will be stolen by competitors. By signing contracts with foreign customers in the name of Hong Kong companies, all trade information is controlled by domestic manufacturers, and competitors can only see the information of Hong Kong companies in name, which can effectively prevent trade information from being stolen by others.

Finally,Incorporation of Hong Kong companyNo capital verification is required. Besides, there is no foreign exchange control in Hong Kong, so there is no need to settle foreign exchange (to avoid exchange losses), so it is very convenient to receive and pay, which can save more time.

What are the advantages of establishing a Hong Kong company?

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.

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