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Top Benefits of Hong Kong Company Registration

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Hong Kong is the third city among renowned global business cities, right after New York and London. Recognized among the most significant financial hubs in the world, it has improved to the highest triple A level rating. With an impressive capita GDP of approximately US32, 000 it resembles the European Union standing tall ahead of the larger nations. With the importance of the financial sector to the economy and the impact of the economic crisis, Hong Kong is a famous and admirable jurisdiction.

1. Social And Political Environment

Hong King holds outstanding rankings in the global business. It is the second most economically efficient country in the world, according to the IMD World Competitiveness Yearbook). According to Transparency International – Corruption Perceptions Index 2010, the country is ranked as the 13th least corrupt country in the world.

Moreover, Hong Kong has a stable economic and political environment, not forgetting a pro-business government with an independent legal system. Certainly one of the reasons the country is a popular choice of regional operations in Asia. The country also has 1251 headquarters and 2328 regional offices (Hong Kong SAR Government’s Census and Statistics Department)

2. Location

Located in China, Hong Kong plays a crucial role in accessing the Mainland China market, which is a perfect stop for many foreign entrepreneurs. You can save time with a one hour drive from the world’s largest manufacturing region (the Pearl River Delta), producing 30% of china’s exports.

In general, Hong Kong accounts for a large share of inward investment in Mainland China, with China as the largest trading partner for Hong Kong. The countries international reputation as a financial powerhouse attracts Chinese companies for the primary and secondary listing to get access to the Asia markets. In 2010, the Hong Kong Stoke Exchange (HKSE) became Asia’s second-largest stock exchange in capitalization, which was directly behind the Tokyo Stock Exchange.

HKSE came above Shangai Stoke Exchange partly because most Chinese companies view the country as an efficient avenue to expand business with Asia. As the centre of Asia, Hong Kong is also useful in terms of links with the international market. In addition to this, the HK airport is within 5 hours flight to all major trading jurisdictions in the region.

3. Infrastructure

As one of the most advanced metropolitan areas in the world, Hong Kong is well equipped in infrastructures such as transportation, telecommunication, IT connectivity and utilities. A combination of the world-class international airport with efficient logistics facilities like the cargo airport, and shipping container port makes Hong Kong an attractive platform for global businesses. Majorly businesses that rely on active transport of human personnel and products around the world benefit from the wonderful infrastructure.

4. Policy And Taxes

A lot of companies that opt for company formation in HK benefit from its low and simple tax system. A corporate tax rate of 16.5 %( maximum) and a personal income tax peaking at 15$, it has the 3rd lowest tax misery in the world (according to Forbes’ Tax Misery Index). There also benefits in company registration in HK from having no capital gains tax, no sales tax or VAT, no withholding tax or returns tax and eventually. However, HK is not perceived to be an international tax haven.

5. Company Registration Requirements

The registration process in Hong Kong is a piece of cake. Mainly you are required to poses a proper company name and corporate structure to ensure that the company meets HK Company Law requirements. Which include a minimum one company direct( who does not need to be an HK resident), Hong Kong resident company secretary, and finally a minimum issued capital requirement HK$1 . You will also be required to register the business-with operational requirements such as opening a Hong Kong corporate bank account setting up an office, securing employment visas est.

Company formation in HK is perfect deal for international entrepreneurs to register their business. Apart from enjoying the geographical area, HK is also a diverse multi-cultural environment that is efficient for international trade and exciting as a place to live.

6. Productive Workforce

The country offers a highly-skilled, well -educated and trained workforce. Primarily a local talent pool of skilled specialists and business men who are known for their deep understanding of growing business culture.

Employees in Hong Kong are generally considered hardworking, competitive, continually seeking to enhance themselves. Even though English is the most applied language in business settings, you will be pleased to know that a great deal of the labor force can also connect with Cantonese and Mandarin.

7. Business Support And Assistance

Hong Kong has a number of remarkable associated programmers at the government and individual level, offering the best business support assistance. The programs help grow and develop your company in every aspect of the business.

A vast number of business support programmers and financial incentives encourage the growth of SMEs. Chief organizations like the Hong Kong Trade Development Council encourage international companies to do business in the Mainland and Asia, also assisting in Hong Kong Companies locating new markets.

Thanks to the Hong Kong Productivity Council, there is the use of more efficient methods throughout Hong Kong’s business sectors. This is why the support and consultation Center for company formation in HK is a comprehensive and informative and advisory centre for SMEs. There is also financial assistance available through some noted government funding schemes.

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Importance of The Circular Flow of Income

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Importance of The Circular Flow of Income

The circular flow of income and expenditure refers to the continuous production of products and services, income and expense in an economy. The different parts of expense and national income, for instance, investment, saving, exports, imports, government expenditure, taxation, etc. are displayed as currents and cross-currents in the circular flow of income.

Importance of the Circular Flow

The central concept of a circular flow is that it gives a clear picture of the economy. It also helps in understanding whether the economy is operating efficiently, or there are any obstacles in its smooth operation.

Therefore, the circular flow is significant for the functioning of the economy and helping the government in formulating various policy measures. Apart from the economy, the other important factors are.

  • Effects of Leakages and Inflows – The leakages allow us to study the national economy and its impact. For instance, imports are leakages going out of the circular flow of income, as it is paid to a foreign nation. To prevent this leakage, the government should acquire suitable measures such as decrease imports and increase exports.
  • The connection between Consumers and Producers – It builds a link between consumers and producers.
  • Builds a Network of Markets – After creating a link between the consumer and producer and a network of markets for various products and services, problems relating to purchasing and sales are solved automatically.
  • Basis of Flow of Funds Accounts – It helps in evaluating a country’s income in terms of the flow of funds accounts. These accounts are concerned with transactions of the economy that are fulfilled by money transfers.
  • Importance of Monetary Policy – It brings equality between investment and saving in the economy indicates the importance of fiscal policy.
  • The base of the Multiplier – In case, in a circular flow of income, if the leakage exceeds the injections, the total income becomes less than the total output.

For more information on economics sample paper class 11, stay tuned to BYJU’S.

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Plastic Bags – A Curse to Our Environment

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Plastic bags have been dominating our lifestyle a little too much. You will find everyone around you, using plastic bags, may it be to hold your groceries, or to hold other contents. This is mainly because plastic bags are easily available, and they are relatively cheaper compared to the disposable bags.

However, what we fail to understand that the plastic bags are actually costing you more without your realising it. All of us are buying plastics bags, almost daily, which in the long run is more expensive, and it is also dangerous for the environment.

The plastic bags are disrupting and damaging the environment. They steadily get into the soil and release toxic chemical, which breaks into the soil. The unfortunate consequence of this is that the animals eat this plastic, which is part of the soil and it often chokes their throat, resulting in their death.

Damaged caused by plastic bags

Let us now discuss some of the major damage that is caused due to plastic bags in the environment.

The wildlife: It is the animals who are mainly suffering due to the increase of plastic bag usage. Both aquatic and terrestrial animals are consuming plastic bag, which is leading to hazardous health issues, which is life threatening.  According to the studies, for example, a cow after consuming plastic dies, and this is an immense problem in India, as there are number of cows who consume plastic bags with the food.

According to the surgical examination which has been conducted, most of the cows in the cities are mainly injured by the plastic plague. It has been found that there were more than 50 cows whose digestive tracts were filled with plastic bags.  Animals who consume plastic bags suffer from intestinal obstruction, which leads to long and painful death of the animal. They can also die due to chemical which is used for manufacturing these plastic bags.

Sea turtles are another animal which is facing life threatening destruction due to the plastic bags, which is carelessly thrown or discarded into the water body. The sea turtle mistakes the plastic bags for jellyfish. Recently, the researchers from the University of Queensland have determined that around 52% of sea turtle across the globe has consumed plastic.

Sewage system clogging: Plastic causes harm to the sewers in the urban areas. The running water first collects and then carries the entire collection of plastic bags into the sewers.  After they enter the sewers, these plastic bags cluster together with all kinds of dirt and debris already inside the sewers and finally blocking the water flow, causing difficulty and inconveniences to people, especially in the surrounding area.

The water clogging disturbs the flow of water into the watersheds, leaving people starved on the creeks, wetland, and streams. It is a total collapse of eco system.

Visit www.customgrocerybags.com today and switch to eco-friendly bags. These bags can be customized to any colors and designs, whether you want to order 250 bags or 2.5 million. They only supply premium quality products for the most competitive prices.  Say yes to eco-friendly bags from today !

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