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Company Formation Comparison Hong Kong vs Dubai

Updated on Friday 30th December 2016

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Company-Formation-Comparison-Hong-Kong-vs-Dubai.jpgInvestors who choose to open a company in Hong Kong are attracted by a welcoming business regime, low taxes and an international vibe to the city. Hong Kong is a Special Administrative Region of the People’s Republic of China; however, its period under British occupancy influenced many of its present-day laws and its openness towards foreign investors.
 
While both Dubai and Hong Kong provide great advantages for investors, the location of these two cities can ultimately be a decisive factor in choosing one jurisdiction over the other. Those investors interested in Hong Kong company formation can observe the incorporation steps detailed below.
 

Company registration in Hong Kong

 
Hong Kong implements a simple company formation policy. All legal entities need to be registered with the Companies Registry and are subject to taxation on their profits made in the city. 
 
Company registration in Hong Kong is straightforward and it only involves a few steps:
- choosing an available business name;
- drawing up the company’s Articles of Association;
- registering the company and collecting the Business Registration Certificate;
- setting up the company in a Hong Kong bases office.
 
Foreign investors who cannot be present in the city at the time of the incorporation can rely on the help provided by our specialists in company formation in Hong Kong.
 
All Hong Kong companies must pay the corporate income tax and other taxes. Hong Kong does not impose a withholding tax on dividends and has signed a number of double tax treaties which facilitate the business relations with other countries. 
 

Company formation in Dubai

 
Dubai is an attractive location for doing business because of its Free Zones, however, outside of these special areas, foreign investors are not allowed to have full foreign ownership. The Emirates are also known for their low taxation policies and no-VAT regime although there have been a number of talks to introduce the value-added tax in the near future.
 
The company formation process is similar in both jurisdictions, one notable difference being the fact that a foreign-owned company in Dubai cannot operate outside the Free Zone in which it is incorporated. 
 
If you own a business and want to enter the Asian market or are simply looking to open a Hong Kong company, please do not hesitate to contact us.
 
 

Comments

  • Christine 2017-02-16

    Very interesting article!

  • Brandon 2017-02-17

    Such different cultures, it comes naturally that the business differences are also there. Interesting read.

  • Donna 2017-02-21

    Interesting comparison.

  • Peter 2017-02-26

    Good and useful comparison! Thank you!

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