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Company Formation Comparison Hong Kong vs Pakistan

Updated on Monday 20th March 2017

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Company-Formation-Comparison-Hong-Kong-vs-Pakistan.jpgThe incorporation of a company in Hong Kong and in Pakistan may seem very different but the steps needed to start a new business are similar. The too business locations have different advantages for doing business, including but not limited to their location in Asia. 
 
The first step when deciding to start a new business is having a thorough business plan. This, together with a clear image of the future company expansion will help answer the important questions related to the most suitable jurisdiction in which to incorporate the new business.
 
Company registration in Hong Kong is straightforward and foreign investors will find it simple to start a company here. Hong Kong is a well-known financial and business hub in Asia and our experts compare the company formation process in Hong Kong Special Administrative Region with the one in Pakistan. 
 

Company registration in Pakistan

 
The types of companies available for registration in Pakistan are the public company, the private company, the sole trader. Foreign companies may also have the option to open a branch. Pakistani companies are registered with the Security and Exchange Commission of Pakistan.
 
The corporate income tax rate in higher in Pakistan compared to the tax in Hong Kong for companies. Unlike in Hong Kong, Pakistan imposes withholding taxes although they may have reduced values under applicable double tax treaties. Other taxes on companies apply in Pakistan apart from the corporate income tax.
 

Company registration in Hong Kong

 
Company registration in Hong Kong is done by submitting the constitutive documents of the corporation to the Companies Registry. Prior to this step, the investor must obtain a suitable business name, a step that is similar to the requirements in Pakistan.
 
The business registration certificate is issued promptly is there are no issues with the company’s documentation and bank account in Hong Kong. After the registration is complete, investors will need to obtain additional special permits and licenses, as applicable for their business field.
 
Corporate taxation is lower in Hong Kong. The Special Administrative Region imposes a small number of taxes and there are no withholding taxes. Hong Kong has signed a number of double tax treaties, including one with Pakistan.
 
Foreign investors in Hong Kong will find that the reminiscences of the British colonialism heavily influence the business culture here. A modern business and investment climate and the fact that English is the second official language are two important factors that attract foreign investors to Hong Kong.
 
You can contact our agents for more information on how to open a Hong Kong company and foreign investments in the city.
 
 

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