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10 Reasons Why You Should Start a Company in Hong Kong

Have you ever thought of <a href="/hk/company-registration/">registering your own company</a> but was intimidated by the huge capital required to do so? If you have, you would be glad to hear that those days are long gone!

Today, you don’t have to spend a bulk of your capital on office rent, manpower and even essentials like furniture and renovations. The barrier of entry for starting your own business is getting much lower these years, and you can certainly craft a professional business image without having to step into a physical office.

For business owners who own and run an online store, you probably already know that invoices must be sent to your customers for the services you provide or the goods you sell, as a form of purchase proof. Invoices act as official transaction documents that are both important for you and your customer in case there are any disputes in the transaction.

Read on to find out what an invoice is, why you should always prepare invoices, what should be included in an e-invoice and the difference between e-invoices and traditional invoices.<br>

Hong Kong is well-known for its simple and straightforward tax regime. For one, its corporate tax system follows a flat-rate and territorial regime, which makes the country one of the best places you could start a business in. However, despite the favorable tax rates, there are still cases of tax evasion which leads to legal consequences.

It is never a good idea to evade tax. If you are looking for ways to minimise your tax, our <a href="/hk/accounting-services-hong-kong/">experienced accounting team</a> can help with that and still make sure your company stays compliant.

You’ve probably heard of a holding company when searching on <a href="/hk/guides/how-to-start-a-business-in-hong-kong/">how to start a business</a>. Holding companies exist in all countries, and you should have heard of a few well-known ones such as Alphabet Inc., Berkshire Hathaway and Johnson & Johnson. These companies are usually known as the ‘parent’ company while the companies under them are called ‘subsidiaries’.

In this article, we will go through what exactly is a holding company, what you should look out for when considering to register a holding company, why you should consider this option, and how to go about opening one.

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