{"id":540,"date":"2019-12-16T11:35:19","date_gmt":"2019-12-16T11:35:19","guid":{"rendered":"https:\/\/www.iiiem.in\/blog\/?p=540"},"modified":"2019-12-17T06:07:13","modified_gmt":"2019-12-17T06:07:13","slug":"13-reasons-run-business-infrom-hong-kong","status":"publish","type":"post","link":"https:\/\/www.iiiem.in\/blog\/13-reasons-run-business-infrom-hong-kong\/","title":{"rendered":"13 Reasons Why You Should Run Your Business in\/from Hong Kong"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-553\" src=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2019\/12\/Blog-6-Why-run-your-business-in-or-from-Hong-Kong-1024x536.jpg\" alt=\"13 Reasons Why You Should Run Your Business in\/from Hong Kong\" width=\"665\" height=\"348\" srcset=\"https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2019\/12\/Blog-6-Why-run-your-business-in-or-from-Hong-Kong-1024x536.jpg 1024w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2019\/12\/Blog-6-Why-run-your-business-in-or-from-Hong-Kong-300x157.jpg 300w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2019\/12\/Blog-6-Why-run-your-business-in-or-from-Hong-Kong-768x402.jpg 768w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2019\/12\/Blog-6-Why-run-your-business-in-or-from-Hong-Kong-660x345.jpg 660w, https:\/\/www.iiiem.in\/blog\/wp-content\/uploads\/2019\/12\/Blog-6-Why-run-your-business-in-or-from-Hong-Kong.jpg 1200w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/p>\n<p>Today, many investors and entrepreneurs are choosing to set up their businesses overseas \u2013 especially in jurisdictions like Hong Kong.<\/p>\n<p>You can get professional <a href=\"https:\/\/www.iiiem.in\/export-import-course.html\">knowledge of the import-export business<\/a> from industry experts to settle your business overseas.<\/p>\n<p align=\"justify\">As of now, Hong Kong is been considered one of the best cities to establish and run a business, due to the fact that it is scoring high on factors that matter to businesses. Whether it is Strategic location, stable economic and political environment, productive workforce, pro-business environment, attractive tax regime, world-class infrastructure or an effective legal system, Hong Kong contributes to success.<\/p>\n<p>After New York and London, Hong Kong is been recognized as the third-largest financial hub in the world.<\/p>\n<p>Hong Kong is strategically located at the heart of the Asian continent.\u00a0It is located on the South China Sea coast, with a population of over 7 million people. Hong Kong is \u2013<\/p>\n<ul>\n<li>Number 4 in the World Bank\u2019s\u00a0ease of doing business rankings,<\/li>\n<li>Number 5 in the score for\u00a0starting a business and is definitely a gateway to China\u2019s markets.<\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/SZmq6mdAdeY\" width=\"800\" height=\"400\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p align=\"justify\">It operates under a territorial tax regime. Hong Kong takes into consideration the prior use of intellectual property when filing for trademarks, patents, copyrights, etc.<\/p>\n<p align=\"justify\">Strong economic ties with the ASEAN countries as well as a trustworthy environment for Western investors make Hong Kong a fertile ground for businesses from all around the world.<\/p>\n<p align=\"justify\">Hong Kong is also well- situated market for real-time global communications.<\/p>\n<p align=\"justify\">Hong Kong does not require employers to withhold income tax. Employees in Hong Kong are responsible for declaring and paying their own personal income taxes.<\/p>\n<p><strong><em>The following are some vital answers for starting a business in Hong Kong \u2013 <\/em><\/strong><\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>In comparison to the surrounding countries, Hong Kong provides stability and worldwide recognition<\/li>\n<li>Opening a business in Hong Kong is easy and inexpensive.<\/li>\n<li>It has a world-class business infrastructure.<\/li>\n<li>It has held the record for 17 years in a row as the world\u2019s freest economy.<\/li>\n<li>Hong Kong uses the territorial source principle of taxation, in which profits made outside of Hong Kong are tax -free.\u00a0There are no capital gains taxes or goods and services taxes in Hong Kong.<\/li>\n<li>Companies are being permitted to open multi-currency bank accounts.<\/li>\n<li>English is spoken as one of the two main languages of Hong Kong<\/li>\n<li>Hong Kong holds the distinction of being one of the least corrupt nations in the world.<\/li>\n<li>Is been viewed as a global leader in banking and business.<\/li>\n<li>Setting up a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Limited_liability_company\">limited liability company (LLC)<\/a> in Hong Kong can protect you from lawsuits even in Mainland China.<\/li>\n<li>Hong Kong does not a physical address just a holding address is adequate.<\/li>\n<li>English common law is prevalent and the legal system is separate from that of Mainland China.<\/li>\n<li>A foreigner is been permitted to own 100 % of a Hong Kong company.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>From the above points, we can conclude that doing business in Hong Kong can be advantages in many ways.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, many investors and entrepreneurs are choosing to set up their businesses overseas \u2013 especially in jurisdictions like Hong Kong. You can get professional knowledge of the import-export business from industry experts to settle your business overseas. As of now, Hong Kong is been considered one of the best cities to establish and run a\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.iiiem.in\/blog\/13-reasons-run-business-infrom-hong-kong\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,74],"tags":[],"class_list":["post-540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iiiem","category-international-business"],"_links":{"self":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/comments?post=540"}],"version-history":[{"count":11,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/540\/revisions"}],"predecessor-version":[{"id":554,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/posts\/540\/revisions\/554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/media\/553"}],"wp:attachment":[{"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/media?parent=540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/categories?post=540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iiiem.in\/blog\/wp-json\/wp\/v2\/tags?post=540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}