Hong Kong Company Formation
Hong Kong is one of the top twenty trading economies and the world's third largest financial centre. Given Hong Kong's role as a major trader and a gateway to Mainland China and Asia, some companies are formed in Hong Kong for trading purposes generally, whilst having their operations headquartered in Mainland China.
As many foreign companies continue to source from China via Hong Kong, it may be worth taking a closer look as to why this model enjoys ongoing popularity and to consider how to implement an efficient setup.
There are many good reasons for companies to manage their supply chain from Hong Kong:
-
good infrastructure
-
a legal framework based on British law
-
transparent and efficient banking system
-
fair taxation
-
fully convertible currency
-
qualified workforce