Hong Kong Tax System and Infrastructure for Business Benefit

Hk company registration:-

Hong Kong is the most liberal economy in the world. Therefore, opening a company and HK company registration is simple and fast. Being a smaller counterpart of mainland China, Hong Kong offers several advantages for potential entrepreneurs and businessmen who are interested for a startup business in this Asian country. Hong Kong lends the perfect business environment to help companies flourish in the long run. Not only it allows people who are originally from Hong Kong to set up their business but also provides enough opportunity for the ones who are from abroad and have come here to work and settle.

The tax system of Hong Kong:-

You can run your business from any country in the world. The straightforward tax system of this country is second to none. For HK company registration, a company is considered to be tax resident if its management is exercised in Hong Kong. And these companies are taxed on a territorial basis. This means the companies are taxed only for the income accrued and generated from Hong Kong. The tax system does not include foreign income.