Hong Kong has one of the most developed Internet connection infrastructures in Asia Pacific. Add this to the fact that China is the largest manufacturer in the world when it comes to products used in the industry and you will have the perfect mix to make the Internet sector in Hong Kong one of the most powerful in the world. If you want to start a business in the Internet sector, you can rely on our Hong Kong company formation specialists for assistance.
Hong Kong is one of the most beautiful cities in the world and the number of tourists is growing continuously. But not only tourist come to Hong Kong, the city also being a magnet for foreign enterprisers and their coming has provided numerous investment opportunities in the real estate industry. This has led to this sector to become one of the most prolific in the year that just ended. Our Hong Kong company formation specialists can assist foreign investors interested in opening companies here.
At the end of 2016, the Hong Kong Government announced the enablement of a new investment scheme for the agricultural industry which will encourage local farming and the expansion of one of the most successful innovation and technology development programs. Our company formation specialists in Hong Kong can assist foreign investors who want to open companies here.
During the recent years, Hong Kong has emerged as a sought licensing destination for many licensors and licensing agents. Since Hong Kong hosted the first International Licensing Show which was held in 2002 it has attracted the attention of this category of investors in the licensing industry. Below we will show the main factors which have led to the development of the licensing industry in Hong Kong. Our company formation specialists in Hong Kong can assist foreign investors interested in opening companies here.
2016 ended on a positive note for the Hong Kong Stock Exchange (HKSE) as it registered a record number in initial public offerings (IPOs). Last year, the HKSE came second after the New York Stock Exchange in terms of funds raised from IPOs. The new year also brings good news for the IPO market in Hong Kong, as A-share activities are expected to grow. Our company formation specialists in Hong Kong can offer more information on the listing requirements imposed by the HKSE.
A double taxation agreement between Hong Kong and Romania entered into force on November 21 after the two jurisdictions completed their ratification procedures. The provisions of the agreement relating to the taxation of income will apply starting with January 1st, 2017. Foreign investors who are interested in company registration in Hong Kong will find that these types of agreements are beneficial for those companies that have operational offices both in Hong Kong and in the other country.
Hong Kong’s Inland Revenue Department (IRD) released a new set of guidelines for the tax appeal process. Note No. 6 includes the legislative changes that have been enforced for this purpose. Companies in Hong Kong and taxpayers, in general, have the right to object to the assessment of their profits or the amount of income that has been assessed. One of our company formation specialists in Hong Kong can help you if you are having tax issues.
Experts expect that the total rent value for Hong Kong Island will grow by 4% in 2017. This initial estimation is based on the fact that the demand will remain strong. Predictions for the two main commercial property areas in Hong Kong: Island and Kowloon are different, with a higher concentration in the more popular business districts on Hong Kong Island. Entrepreneurs interested in company registration in Hong Kong prefer areas like Central or Admiralty because of their prime location.
Hong Kong’s commercial property market had a positive evolution throughout 2016, owing much of its growth to Chinese investors in Hong Kong engaged both in developing new premises and in renting or purchasing existing ones. Investment confidence was due to the ever growing demand that is caused by a relatively low vacancy rate, especially in top office areas like Central. Investors who are interested in company registration in Hong Kong need to consider renting or purchasing a property in the city where they will base their new business.
Bond trading between Hong Kong and Mainland China could be facilitated through a new “Bond Market Connect” platform, especially now when the Shanghai-Hong Kong Stock Connect offers more opportunities for investments and a better connection between the bond market in Hong Kong and important Chinese cities. Investors who are interested in company registration in Hong Kong for the purpose of establishing a retail investment fund or an SPV could benefit from this initiative.
If you are a foreign business owner interested in setting up a company in one of the Asian business hubs, choosing to work with a local lawyer is an important step. Many local law firms offer dedicated services to foreign investors and expats. How can you make sure you have made the best choice? Here is a short guide on how to hire a lawyer in Thailand or in another Asian location like Hong Kong or Singapore.
Hong Kong Government officials have dismissed the assumption that a departure tax will be implemented as a measure for combating parallel trading activities performed by Chinese nationals. This activity was observed in the case of same-day visitors in Hong Kong from the Mainland who were purchasing limited amounts of products and bringing them into China for trade purposes. A visa system was in place for Chinese nationals and it was changed in order to regulate this practice. Businesspeople interested in company registration in Hong Kong should not be discouraged by these regulations.
A recent study showed that there is a certain correlation between the growth in top-rated office rent and the growth of the value-added service sectors. The business sentiment grew in Hong Kong in the final part of 2016, after a slight downfall during the second quarter of the year. Experts believe that the positive trend will continue throughout the end of 2016 and onto 2017. The positive factors are the stabilization of the Chinese economy and US economic expansion. Chinese investors in Hong Kong who are looking to rent Grade A offices in the city can contact our company registration agents in Hong Kong.
Employers in Hong Kong need to take into account the payroll management once they hire their first employee. Two options are available to business owners: local or remote payroll administration. Internal payroll is also possible although many companies opt to fully outsource employment management and payroll to another company. One of our company registration experts in Hong Kong is able to help you answer some of the most common mistakes concerning payroll. Investors who want to avoid noncompliance can avoid making the common payroll mistakes.
Hong Kong Central remains the prime location for businesses in the city. The business district remains the one with the highest occupancy rates despite recent opinions that demand in this area will diminish as new real estate projects are nearing completion in other parts of the city. Investors who decide to open a Hong Kong company will choose to base their location here, despite the higher rents, because of the great connectivity and the location at the heart if an international business hub.
Insurance and energy stock performed very well, reaching their highest point in almost two weeks. The data was collected from several Chinese and US indexes. Nearly all of the major indexes closed at high values as the trading value on the main board grew by 10 percent. Out of the companies listed on the Stock Exchange, the best performing ones were those involved in insurance, banking or brokerage houses.
Hong Kong is known as a global business hub and a preferred location for many companies and investors who want to expand to the Asian market. Entrepreneurs here can tap in the city’s great business policies and the pro-business environment. With low taxes and great quality of life, Hong Kong is a good location for a start-up or as a company relocation destination. What are the main qualities an entrepreneur has to exhibit in order to be successful in Hong Kong? In addition, what are the main requirements to open a company in Hong Kong? Our experts summarize the main aspects of doing business in the city.
Hong Kong and Australia are speeding up the negotiations for a double tax treaty (DTA). Once it is in force, this document will strengthen the economic relation between the two jurisdictions. Foreign company registration in Hong Kong is very advantageous for many foreign investors because of these double tax treaties signed with other countries. Hong Kong is currently growing its number of double tax treaties, a tactic meant to strengthen its position as a global business and investment hub.
Hong Kong is part of the top five FinTech locations in the world, along with London, Singapore, New York and Silicon Valley. A report from Deloitte based the city’s importance in this business field on its role as a major financial center in the Asia-Pacific region. Companies in Hong Kong, especially middle-sized and small ones, find it very easy to request services from FinTech companies for issues like –ecommerce or online payment. Our company registration experts in Hong Kong are able to give you information on the requirements for investments in this business field.
Hong Kong was ranked among the first economies in the world that managed to implement key reforms that help improve the ease of doing business. The Doing Business 2017 ranking issued by the World Bank places the Special Administrative Region among the first ten jurisdictions in the world to have implemented efficient pro-business policies. Hong Kong is known for its position as one of Asia’s top business centers. Company registration in Hong Kong is straightforward and foreign business owners are welcomed here.
A refreshed interest in property purchases in Hong Kong revitalized the property market in the third quarter of 2016. Home prices in Hong Kong have seen an improvement during this period, according to Colliers International, with a significant positive change in the case of luxury residential units. Investments in real estate in Hong Kong are targeted both by foreign investors but also by expats living and working in the city.
When companies in Hong Kong are no longer profitable, their founders can start considering to close down the operations they have in the city. This decision is sometimes best for the company as opposed to trying to restart the operations. It can also be an option for foreign corporations that have a branch in Hong Kong that has failed to carry on the business. Closing an existing company includes a number of steps and our company registration agents in Hong Kong can help you during this time.
Foreign investors are turning their attention towards Asia and its emerging markets. Several cities in the region have a long-standing tradition as business and financial centres, Hong Kong and Singapore included but others like Bangkok are making a fast transition towards becoming regional business hubs. Reasons to consider investing in Asia include good long-term prospects for development, rapidly growing economies in nearly all countries and an ever-improving infrastructure.
Hong Kong managed to remain the leader of the initial public offering (IPO) market during the first nine months of 2016. The position was held with the help of companies from China and the city managed to surpass cities like Shanghai or New York. Hong Kong maintains its strong position in the IPO market after having succeeded to maintain it for the whole of 2015. Foreign companies in Hong Kong from China account for most of the initial public offerings.