Large business setup in Hong Kong
Starting a big company requires thorough preparation and effort, with specific challenges and considerations to address. Let’s talk about the benefits of establishing a large corporation in Hong Kong and how our specialized solutions can help you succeed.
The process of setting up a large business
Creating a big business in Hong Kong involves a similar process to starting a small or medium-sized company. However, the setup for a large enterprise usually demands more time and resources, given its size and complexity. The steps involved in the process are as follows:
Choose a business name
The name of the business should be original and not currently being used. You can verify if a name is available on the website of the Hong Kong Trade Registry.
Select legal entity type
It is crucial for the success of your large business to choose the right legal structure. We offer expert guidance on options such as Unlimited Company, Company Limited by Shares, Non-Hong Kong company (Branch Office), and Holding Company to help you make a well-informed decision that suits your specific requirements and future objectives.
Set up legal address
It is crucial to have a valid address when initiating a business, as it acts as the primary contact for governmental organizations, legal entities, and significant business communications. Selecting a legal address that complies with local laws and aligns with your business needs is imperative.
Get the necessary paperwork ready
We have a team of professionals who will assist you in producing accurate and comprehensive documentation tailored to your company’s needs and objectives. We promise to follow all legal regulations and handle the filing process on your behalf.
Open a bank account
We will help you every step of the way in opening a bank account, making sure the company follows all regulations and selecting a respected financial institution for your account in Hong Kong.
Company registration
We take care of the registration process with entities such as the Trade and Companies Register and tax authorities, saving you from the administrative workload. This ensures that your business is officially recognized and compliant from the beginning.
Setup accounting
In order to successfully start a big business, it is crucial to keep precise financial records. Our team of accounting professionals can assist in implementing efficient accounting and bookkeeping methods that adhere to regulations in Hong Kong.
Large business examples
Large businesses work in different industries and sectors, all with their own unique requirements. Here are a few examples of large businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Hong Kong
Hong Kong is an attractive location for the establishment of large companies, providing numerous benefits.
Strategic location
Hong Kong’s reputation as a global business hub with a strong financial sector makes it an appealing choice for companies in finance, trade, and services. Due to its advantageous location, favorable tax rates, and open-market system, Hong Kong offers many benefits for businesses seeking to enter the Asian market.
Favorable tax regime
In Hong Kong, only income that comes from sources within the territory is taxed for corporate income at a rate of 16.5%. There are no taxes on capital gains. Hong Kong is a significant financial center and entry point to the Chinese market.
Banking
Hong Kong’s status as an international banking hub offers a variety of financial services, global connections, and investment opportunities, making it a desirable choice for individuals looking for a leading financial hub.
Our Large business setup solutions
We understand the significance of your time and resources, which is why we offer two convenient choices to streamline the company formation process.
Business formation online
With the online platform offered by Hong Kong, individuals can start and finish the process of setting up a business from any location worldwide. Being able to track progress, upload necessary documents, and access our services through safe digital channels guarantees a seamless and convenient process.
Business formation remotely
If you would rather not deal with the paperwork, we can take care of everything for you. Our professional team will handle all the necessary formalities, complete the required paperwork, and communicate with the relevant authorities on your behalf to ensure your peace of mind.
Contact us
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.