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)
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.
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.
Storage Unit Services Makes Your Life Easier by Taking Your Load Off
No one has extra space in their houses these days. Nowadays houses are small and there is so little room that you could hardly store essentials and roam freely. There are so many things that are important but as you don’t have enough space so they are lying as junk in the house. You can’t throw them away as they are important and expensive but they are making your house feels congested. Well, no worries as we have one life-saving solution. If you are living in Victoria then storage units in Victoria are the best for you.
What is the storage unit service?
A storage units service is offered by several companies. Think of a storage unit as a big locker room up to the size of a room. They offer different storage lockers for a specific period. Depending on your need, there are all kinds of storage units available like mobile, portable, self-storage, and mini storage units.
Why you need a storage unit service?
There could be several reasons for wanting a storage unit. Now the reasons could be:
ShiftingYou are shifting from one house to another. Or you got a transfer and you have to move to another city for the time being. There is so much you can’t take with you at the current moment. You need some time to manage everything. Now you also have to leave the previous house. Here a storage unit comes in very handy. You can store your stuff for as long as you want without any hassle.
- New Car or Motorbike
You have a fondness for automobiles whether it is a car or bike. But you don’t have space in your area especially when you already have an old automobile. You need space. The storage units easily have the capacity to store a car.
You are remodeling your house. There are expensive furniture and lots of crockery. Now everyone knows that during remodeling your stuff got ruined. Remodeling takes weeks and sometimes months to complete and for such a long time, you can’t afford to lose your expensive stuff. There are designer clothes, handbags, china crockery, kitchen, and other household electronics. You can’t let them get wasted in the name of remodeling. Again, the best solution is to rent a storage unit for as much capacity as you need.
- Opening a New Business
You are starting a new business or you are thinking of expanding the existing one. For this, you need to buy inventory but the only thing that you lack is space. Getting a storage unit for inventory space could save you a lot of money as you can rent on the daily basis as well. There is no need to get so much space permanently if you need it for as long as your stock is last.
There could be many more reasons to get a storage unit but I think you need only one!
Major Benefits Of Security Guard Services
Security guards are required in various places. From office buildings to shopping malls to schools, you need a security guard for everyone’s protection. They are people who are trained to secure a person or an area and to prevent crimes.
When it comes to hiring a security guard service, you need to choose the best agency in the city. A reputable security guard agency will provide you with highly skilled people at work. There are many instances where security guards have saved people’s lives and even stopped robberies and other crimes from happening. In this post, we will take a brief look at the benefits of hiring a security guard.
Benefits Of Hiring A Security Guard Service
Security guards are needed for various reasons. They can prove to be helpful in various things and situations. Some of the main benefits of hiring a security guard agency include:
Provides physical security
Having a security guard around you gives you a feeling of safety. They are hired by schools, hospitals, offices, and others. Some organisations hire more than one security guard to secure the building and area. The presence of a security guard at the workplace assures people that they are in a safe environment. A security guard while on his duty can alert people in case of a security situation.
Security guards are trained people. It’s their job to protect others. They are trained in crime prevention and situation awareness. This helps them to sense danger even before it takes place. In case of any crime or conflict, they are there to help people out.
Has the expertise
Security guards are well-acquainted with the workplace and everyone who visits the place regularly. They also keep a close check on the people who enter and exit the building. Their knowledge about the premises helps them to act immediately in case of an emergency.
Prevents crime from happening
This is one of the main responsibilities of a security guard. When you have more than one security guard at the workplace, it gives the impression that your office is safe. In this case, criminals will think twice before trying to attack the premises. In short, they act as deterrents to criminals.
Whether it is an office building or hospital or school, having a security guard on the premises is important. They can help make the area secure and provide a sense of safety to people present on the premises.