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Tel：+86 400 118 5939Hong Kong is highly recognized in the international market due to its superior trade and geographical environment. As a result, registering Hong Kong companies has been favored by global investors, and the number of people registering Hong Kong companies is also increasing. This also shows that it is undeniable that registered Hong Kong companies are favored by business owners in Chinese Mainland. Statistics show that the new data released by the Hong Kong Company Registry in July 2018 shows that the total number of Hong Kong companies increased to 72000 in the first half of 2018, up nearly 3% from 70000 in the second half of 2018. Registered Hong Kong companies have also become the best platform for mainland entrepreneurs and investors to invest overseas and conduct business operations. Below, Hongyuan International will briefly introduce which companies are suitable for registering a Hong Kong company?
1. Production and processing enterprises
Production enterprises can utilize the popularity of Hong Kong companies for OEM processing to enhance the competitiveness of their products. Establishing an international corporate image and building an international brand, in addition, there are no restrictions on the business scope of Hong Kong companies, and the company name is also more flexible.
2. Manufacturing and processing enterprises (import and export business)
In addition to the OEM processing mentioned above, there are also enterprises with import and export needs that use agents or pay for exports, keeping their funds in Hong Kong companies, and utilizing cross-border operations to enhance their strength, expand their business areas, and enhance their corporate image.
Establishing an offshore company in Hong Kong is a shortcut for companies to go global, develop multinational corporations, and enhance their international image. The establishment of multinational corporations and group companies can not only enhance corporate image, but also bring more economic benefits. In addition, in some contracts, project negotiations often require the cooperation and participation of Hong Kong companies, which can also enhance the reputation of the enterprise and achieve the negotiation goals smoothly.
The original local company had limited development in China, and registering a Hong Kong company can facilitate capital restructuring and separation, such as refining and separating good from bad, improving credit, and facilitating curve listing, such as mutual recognition of listing qualifications between British and American countries.
3. Foreign trade enterprises
Mainland import and export companies: Use Hong Kong company accounts to receive unlimited foreign exchange, freely import and export foreign exchange, mainly for business needs such as import and export transit, and can also obtain export tax rebates.
4. Personal foreign trade entrepreneurship
Personal SOHO company is registered under the name of a Hong Kong company to facilitate business transactions. Open foreign currency accounts in Hong Kong or mainland China using Hong Kong companies and receive foreign currency without restrictions; Apply to become a member of a foreign trade website and participate in overseas exhibitions.
The advantages of Hong Kong companies have also attracted many enterprises and investors from Chinese Mainland. The good business environment of Hong Kong is well-known. But Hongyuan International reminds everyone that tax treatment after registering a Hong Kong company is easily overlooked, especially after establishing a company in Hong Kong, it is necessary to declare and pay taxes. The Hong Kong Inland Revenue Department has clear regulations that companies with operational businesses should conduct financial audits and declare taxes. There are relevant penalties for not declaring taxes after registering a Hong Kong company, so it is important to remember to file taxes after registering a Hong Kong company.
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