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Hong Kong registered company can set up a company of HK $ 1

  • 發佈時間:2013-11-04

  • 瀏覽次數:5092

  • The World Bank recently released the latest report of a business environment, after Singapore, Hong Kong ranked in the global business environment companies ranked second, reported that Hong Kong companies set up to reduce the cost of some tax relief, it's very important that continued reforms for Hong Kong to maintain a world-class business environment. 

      Continue to reduce business costs 

    The World Bank and International Finance Corporation yesterday released the latest "Doing Business", this means for local entrepreneurs to build business-friendly regulatory environment, Singapore tops the list continues, while Hong Kong ranked second, New Zealand and the United States were ranked third and fourth. 

    The report by the World Bank on the global 189 countries and on the creation of businesses and ease of tax assessed in 10 areas, drawn corporate business environment rankings. The report shows that as of June of last year, opened to reduce cost of doing business in Hong Kong to make some tax relief, but the February launch of the double stamp duty increase conveyancing costs. Meanwhile, the Hong Kong Companies Registry data also show that from July 19 this year, the Hong Kong business registration certificate from an annual $ 450 levy reduced to $ 250 per year. 

    The World Bank said that the ongoing reform in Hong Kong to maintain a world-class business environment is very important. Hong Kong government spokesman responded report, please confirm the World Bank doing business in Hong Kong in the regulatory ease of doing leading economies in recent years in the ease of business rankings among the forefront and to strive to implement a number of reforms, efforts to improve the business business environment, the Government will continue to seek multi-both work closely with the business sector, but also reform the existing regulatory system to ensure proper regulation of Ethics. 

      1 HKD to set up a company 

    Recently, the State Council executive meeting, the deployment promote the company registered capital registration system reform measures including the cancellation of a limited liability company registered capital of $ 5000 a minimum, the inspection system to a corporate annual report system. In the World Bank's report also shows that Chinese local enterprises in improving the business regulatory environment greatest efforts. 

    But compared to Hong Kong, ranked No. 96 in mainland China is still a lot of room for growth. Convenience only registered company level, according to the Hong Kong Companies Registry information, the use of the department's "Registry Easy" one-stop service website, the fastest one hour can registering a company, now a day the Registrar of Companies in Hong Kong the number reached between 700-800, July 14, statistics show that the first half of this year, according to the "Hong Kong Companies Ordinance and the" new local companies incorporated in Hong Kong, there were 85,000, compared to 77,000 last year increased 9.34% . 

    The reason why there is such a huge company registration number, all registered companies in Hong Kong because almost no threshold, as long as registered address, the true identity can register, simple procedures, named freedom, unlimited scope, no minimum registered capital requirement, 1 Hong Kong dollar will be able to set up a company.


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