How People Live Their Lives in Hong Kong?

Hong Kong is a very colorful and a worldly-wise city that warmly welcome emigrants. Outstanding schools, healthcare and its culture make it a great place to work and live.

For 150 previous years, Hong Kong has been centre of attention of people all over the world to explore opportunities and set up their businesses. Today, the city is a home to a vibrant and diverse business community.

Hong Kong is Asia’s most cosmopolitan city; it boasts support and services structures it takes to provide a very homely feeling for international residents, while still having its own unique identity and culture. That is the reason why it’s called Asia’s world city. It’s beautiful scenery, compact size, friendly international community and buzzing nightlife all contribute to offer the most amazing expat living in Asia. It is also known to be one of world’s large and safest cities.

Hong Kong is a city which has 2 official languages, Chinese and English. Although, 97% of the population uses Cantonese, business is usually discussed in English. Almost all information, including government, signs, business websites and announcements is provided in Chinese as well as in English.

Hong Kong offers a large range of locations and homes, including apartments in high rise developments located in the city to the traditional houses in country areas. Expatriates can go for any location that seems best to them, from the beachfront apartments, to the buzz of Hong Kong Island. Serviced apartments are also available for short term stays. You can get the best, suitable accommodation, exactly as you want it to be.

Schooling in Hong Kong provides a very good quality education. Numerous international schools are located here. Students come from overseas to study in the universities present in Hong Kong. Children who study and live in Hong Kong grow up with friends from all over the worlds. These children also get exposed to other languages.  Mandarin is often taught in international schools as the second language.

Hong Kong has high quality private and public healthcare systems. Many government hospitals and clinics, offer less expensive healthcare to the public. Private healthcare is also outstanding and provides holistic, western and traditional Chinese medicine as well. English-speaking specialist is straightforward.

Building business and social networks, and meeting new people in Hong Kong is very easy. There are many chambers of business, commerce and other associations, private clubs, consulates, networking clubs and special interest groups where you can meet many other expatriates.

A Brief Introduction of BioMedical

Provided that you are a biomedical organization looking to develop, Hong Kong could be the perfect area for you. The city’s exceedingly improved health awareness framework offers an extensive of energizing chances, while the quickly developing markets in Mainland China and different parts of Asia furnish lucrative potential for prospective development.

Biotechnology and Pharmaceuticals

The complex medicinal services framework in Hong Kong presents an engaging marketing for biotech and pharmaceutical organizations. High caliber clinical trial administrations, the effects of which are recognized both by universal and Mainland Chinese drugs enrollment powers, help lure unbiased gathering and in-house clinical research specialists to Hong Kong.

InvestHK’s Innovation & Technology group can give reasonable back to biotechnology and pharmaceutical organizations wishing to set up in Hong Kong. Contact the group to discover more.

Restorative and Healthcare Equipment

Restorative gadget and supply organizations in Hong Kong make great accomplices for contract or joint wander assembling on account of their superb techniques and Hong Kong’s solid lawful insurance for savvy property. As the electronic substance of medical gadgets and gear proceeds to build, the solid hardware mechanical base in the Pearl River Delta empowers makers to enter the more complex and creative business fragments.

Provided that you are part of a medicinal and health awareness business looking for chances for extension in Asia-Pacific, Investhk’s Innovation & Technology group can answer your inquiries.

Restorative Services

Hong Kong is famous for the high proficient principles of its human services work force and its boundless utilization of propelling therapeutic advances and gear. With a maturing populace and developing therapeutic tourism, Hong Kong’s position as a human services place for the area is secure. The legislature has reserved four locales for private healing facilities to work to empower further extension of the social insurance administration division in Hong Kong.

The most ideal approach to get data on restorative administrations identified chances in Hong Kong is to contact Investhk’s Innovation & Technology group.

Accepted Chinese Medicine

Accepted Chinese Medicine is a quickly developing field, with expanding worldwide comprehension and thankfulness. Hong Kong has built itself as an insider for the modernization and provision of Chinese solutions and there is an in number stimulus here to advance and develop the industry. Specifically, Hong Kong has headed deductive and confirmation based research into numerous territories of modernizer Chinese solution and proceeds to improve modernized Chinese drug items for the provincial and universal markets.

Provided that you need to discover progressively about chances identifying with Traditional Chinese Medicine in Hong Kong, contact Investhk’s Innovation & Tech team.

Integration of Company in Hong Kong

Formerly you have determined to integrate a limited company and selected a corporation name; you can pertain for integration with the Hong Kong Companies Registry (“CR”). To make straightforward the procedure of conception a limited company, any submission for corporation integration comprises a concurrent submission for commerce record. You may merely present the following credentials online at the CR’s e-Registry with the accurate charges:
• Integration appearance NC1
• A duplicate copy of each of the company’s memo of organization and a piece of writing of the organization
• A perceive to the Business Registration Office (IRBR1)
The charges for integration of a corporation limited by shares are:
• Corporation record fee – HK$1, 720 (If unproductive, a submission for a recompense of HK$1, 425 may be made)
• Industry record fee – complimentary for a one-year credential; HK$3, 200 for a three-year certificate
• Levy to the fortification of earnings in bankruptcy finance – HK$250 for a one-year credential; HK$750 for a three-year credential
Submissions for corporation integration and commerce record can usually be practiced within one hour. If you present your request in documentary form, the credential of integration and the commerce record credential will be concerned within four operational days. Thus, people should register their business in the market because this procedure is essential to make commerce profitable in the social order. With this registration, business owners can promote their business easily and they can also gain product orders without any complexity and difficulty in the social order. Business owners can make their business successful by hiring appropriate workers that can be hired from the Hong Kong and foreign countries.
This is possible with the completion of the registration procedure with success and this is potential for all business by the provision of the necessary documents that are helpful to run a business successfully. Accordingly, the business account opening is also essential for promotion of the business but this procedure is possible with the completion of the business registration process that is an easy program for all kinds of business in the marketplace. Accordingly, people can make business accomplishment certain for all people but this is possible with the provision of business certificates that are mentioned as company name, quantity of staff, appointment of a secretary and an executive with consideration of the features and specification of commerce. This is an easy matter but businessmen should gain the support of professional in this procedure to complete it with success.

Macau: The Best Place to Be for Companies

Macau, also known as Macao, is just minutes away from Hong Kong, enjoys an open economy, excellent location and great infrastructure.  It has a free port with no exchange controls and money which flows in and out freely.  Investors from all over the world are attracted to Macau and for very good reasons indeed.

According to a recent World Trade Organization (WTO) evaluation, Macau’s open trade and investment policy remains popular all over the world. What are the advantages which a business can get if it chooses to go ahead with Macau company registry?

  • Favorable trading environment
  • Low taxation system
  • Low operating cost
  • Stable financial system
  • Excellent offshore service system
  • Good entry to Chinese and Portuguese-speaking trading countries

Two types of Macau Companies

Companies in Macau are grouped into two, namely;

  1. Macau offshore company
  2. Macau local company

Company Formation in Macau

Macau adheres to the market economy system and free port policy allows people, as well as goods to enter and leave the capital freely.  Company formation is relatively simple and the procedures which apply to local and offshore companies are easy to follow. Macau has business relationships with more countries all over the world and has affiliations with over 50 organizations.

Any and all commercial practices in the city are in accordance with international laws. Investors who are looking for the ideal environment find Macau among the best in the world. Macau is ranked 26th country in the world with the freest economy.

Types of Local Companies in Macau

  1. Economic interest group
  2. Corporate commercial enterprise
  3. Personal commercial enterprise

Macau’s Economy

Macau has an economy which is very stable. From 2007 to 2012, the country’s annual GDP is 13.3%. For the first six months of 2013 alone, the GDP grew by 10.5%. Macau’s unemployment rate is also very low. These are just some of the things which investors from all over the world love very much because it gives them assurance that their business and capitals would not be out in jeopardy.

Offshore Companies in Macau

Those who wish to establish offshore companies in Macau will need to pay a fee of MOP 5,000 to a government authority and also pay a semiannual operating fee which can be as low as MOP 5,000 or as high as MOP 15,000, depending on the capital amount. The capital amount required for offshore businesses is MOP 25,000 to MOP 100,000.

British virgin islands company register

The Basics of BVI Companies

The British Virgin Islands or BVI is situated in the Atlantic Ocean. The country has a population of less than 30,000 but it is one of the leading offshore jurisdictions in the world with more than half a million offshore companies incorporated since 1984.

The BVI Companies Act of 2004 is a statute of the British Virgin Islands and it relates to the formation of companies in the country, both local and offshore. It is the replacement of the extremely popular international Business Companies Act. The act is made up of specific features which are specially created to make the islands an attractive offshore financial centre.


  • No restrictions in the declaration of dividends
  • Restricted requirements for corporate benefits
  • An increase in the types of companies which can be formed
  • Statutory minority shareholder protection
  • No requirements for companies to have a stated corporate object
  • Modernization of the registration of security interests

Setup Requirements for British Virgin Island Companies

In order to set up a British Virgin Island company, there should be a minimum of 1 shareholder and 1 resident director. The shareholder, director and corporate secretary can be the same individual or corporate entity. There is no need to appoint an operating officer. There are no restrictions on the nationality or residency of the directors and shareholders of the company and it is also not mandatory to appoint a secretary.

Lenient Rules for Share Capital

When it comes to share capitals, the rules are very lenient. There is no requirement for capital maximum or minimum. There is no need to disclose the share capital of the company and numerous classes of shares can be issued by the company.

Why BVI Offshore Companies are appealing

Many companies and investors are interested in creating BVI offshore companies because of the many advantages they have over local companies. There is no minimum capital amount required; income is exempted from local tax; there is no annual reporting or auditing; and there are no capital gains or withholding tax. BVI company register is not that difficult to do especially if you have the right kind of assistance.

Today more than 1 million companies have been incorporated and BVI is now the world’s leading provider of offshore entities. Secrecy is one of the most appealing things about BVI. Event the country’s government does not know the identity of the people who own the companies in the islands. The only information supplied to the registry is name of the company’s agent. The agent is the local firm which arranges incorporations and collects the annual fees.


Registration technique of a company in Macau

Macau is one in every of the best selections for establishing a business in China. Macau is found within the tropics, just to a small degree south of the Tropic of Cancer. It is a commercial town with an awfully exposed economy, beneficial geographical site and comprehensive structure. Macau is additionally a permitted anchorage while not discussion controls, and reserves will flow in and out easily, so several financiers have been involved to invest in Macau.

The registration process of Macau is quite similar to the other country around the globe. There is no exception constraint on Macau company integration and it executes a low income tax rate system, with restricted substances of taxation. In current ages, favourable aspects are increasing in Macau and economic surroundings has met continuous improvement specifically cordial reception and tourism, that drove the growth of Macau’s economy and also the worldwide community exposed accumulative assurance regarding share in Macau. At a similar time, Macau is additionally one amongst the most open and most free areas of international trade and investment. In Macau, investors shall fill in and acquiesce the request for integration of Macau Company arrangement for providing the small print of proposed company name, business opportunity, depositors, executives, and registered office. A supposed name won’t be registered if it’s a similar as a registered name performing on the registrar’s index of company names sustained by the company’s registry. In Macau, only Chinese company names are formally used, whereas other company names are for individual reference. There is a universal demand for at least two investors and one administrator. Investors or administrators may be of any nationality. The amalgamation method characteristically proceeds up to a few weeks to finish. The assimilation is consummate via the accomplishment of an incorporation achievement that is occupied by a demonstration of the investors. It should be prominent that it’s not essential for the vendors to physically by existent in Macau to sign these documents. Effectually, the investors can consent an individual in Macau to sign on their behalf. Whereas Macau is a low taxation surroundings for each business holder and employees, tax regulation imposes a variety of responsibilities on each the individual remunerator and his/her establishment and these necessities may be very completely altered to those in different jurisdictions. Obtain the Certificate of Combination from company’s registry, then, one can manage the tax registration at the Economics Facilities Agency. When managing the tax registration procedure at the Economics Facilities Agency, all the corporate registration documents will be issued and recorded after that the process is completed. The complete progression sometimes takes six business days and information and documents to be provided in Macau.

Offshore Company Registration : Things You Need to Consider

Planning to go global? Well that’s a pretty smart decision. Recently, offshore companies are getting more and more popular. And there are a lot of good reasons for this. For one, owning an offshore company does not come with so many requirements and allow greater freedom. And it’s a clever idea as well if you’re looking for a way to cut your business cost to minimal and avoid so many taxing charges.

The first thing you have to do when planning to put up your own offshore company is to register it. But before you can do that, here are a few important points that you need to carefully consider and establish:

Bank Account – needless to say, you need your own corporate bank account for your offshore company registration. The bank account must bear your business’ name since you will need it as you do legal and financial transactions every now and then. It will also be handy if you connect to trusted banking institutions in the particular jurisdiction where you’re planning to establish your offshore company.

Tax Registration – failing to register their company for tax is most probably the number one reason why a lot of offshore company owners get into legal issues. Tax registration is a crucial factor in offshore company registration and you have to abide with it if you are determined to make your business a success. And when it comes to this, it would be wise on your part if you do your homework and get informed about the different types of taxes that are commonly charged to offshore companies, particularly within your preferred jurisdiction.

Corporate address – corporate laws in most, if not all, countries require business entities to have their registered address. Importantly, the corporate address registered should not just be a mere PO Box number but a physical business location. Establishing your corporate address is very crucial in offshore company registration since it is where all important documents, notices, and other papers will be sent.

Exclusive name for your business – it is nowhere possible to register an offshore company under a name that has already been used by another company. With this, you have to think of a unique name for your business to have it successfully registered. To help you out, you can check your preferred jurisdiction’s official register online to find out whether or not a certain business name has already been registered.

So there go some of the most fundamental factors that you need to consider for your offshore company registration. Laws regarding offshore companies may vary from country to country so you have to see to it that you do some research first to find out how you can successfully register your own offshore company in your desired location.

The Basics of Macau Company Registration

Investing for a business expansion or setting up a company in Macau is a great opportunity. Macau is definitely a wonderful place with great and welcoming people. As a part of China, it is also an economically thriving place that is why many business people are taking their breaks in this place and yes, they have really found great success in choosing to expand their business in Macau.

Macau is located in the tropics, and basically, this place has a warm temperature all year round. People in Macau can enjoy the sound infrastructure and the great industrial chain for marketing, commerce and manufacturing. One great thing about setting up a company in Macau is that you can have the opportunity to take advantage of the “one country, two systems” policy. Now, to learn more about setting up a business in Macau, it is very important to know the basics of Macau company registration. And let’s us take things step-by-step.

The Company Name- Before getting into Macau company registration, the government first will need to approve your company name. In Macau, only Chinese company names are accepted. However, English company names can be used for reference. But then again, not all proposed Chinese company names can be accepted as there are wordings of a company name that you have to conform with when proposing a company name. Your company name must be distinguished from other registered names. Now, when the proposed name has the word “China”, then it should be evaluated at the national level for company registry.

The Director, Shareholder, Monitor and Legal Counsel- Before the business will be set up, these posts must be arranged according to the policy. The directorship can be taken by a local or foreign person. A shareholder can be foreign company or a local person as well. A monitor is needed in supervising the management and the operation of the company. He or she can be a foreign or a Chinese person. And lastly, a legal representative is needed for any legal affairs arising in the operation of the business.

The Procedure- After having the name approved and filling up the certain posts, the procedure begins with filling out of the application form, confirmation of the company name, paying the services, submission of the necessary documents, validating the documents and the data entered and the preparation of the statutory documents.

So there are still some other things you need to consider when looking forward to set up your own company in Macau. However, the ones mentioned above are the most basic and essential ones you need to know. For easy Macau company registration, seek the help of an expert and have all your significant queries answered.

A commercial establishment in Samoa

People can select from many different arrangements for successively their industry. The most common is an individual dealer, a company and an organization. The most in style business structure around the world is establishing a company. A company is a distinct permissible unit from the vendors, who is known as stockholders. The implication of this split-up is that in maximum circumstances, stockholders cannot be in individual responsible for the debts of the corporation.

Samoa, the one of the smallest country within the world, which became independent in 1962 and it’s settled into an administratively established nation. Samoa is located within the South Pacific Ocean east of the International Date Line, is unperturbed of 9 islands, whose main local language is English. However, it currently contains various developments, making it additional easy and user-friendly to suit the desires of the Asian marketplace. The prevailing service construction in Samoa is complete. Thus several famed accounting companies found out their agencies in Samoa and various law organizations also are available here. Nowadays, there are three trade banks in Samoa. Additionally, the Chinese Embassy in Samoa is more useful to promote and verify the documents required to operate in China. If you’re getting started a business in Samoa you requisite to settle on a company name when you register a corporation first of all. The name must be unique and can’t duplicate from other corporations. You ought to do an aspect of company names before you select your own to form positive that your most well-liked name is not already reserved. Registration of an organization name provides restricted name protection and it’ll stop another company being incorporated beneath the same or almost identical name. You’ll be able to transform the name of your company online through the companies registered in Samoa. Every company contains a set of company rules which confirm how the corporation will be supervised. The corporate rules oversee how an organization should keep in line. A corporation might implement its own personalized rules at the time of its combination or just embrace the model instructions already confined within the companies Act. There are two various kinds of consultant in Samoa – one that relates to administrators and another for representatives. The administrators can allowance and deduct specialist from their representatives. Representatives can’t withdraw the consultant of administrators.  The registrar of companies is in a position to grant or deduct authority of administrators and representatives, providing the suitable substantiation are delivered. Within the incident of a disagreement over authority, a distressed event should first access the administrator of companies in Samoa. While you register your corporation, you may have the selection to transfer your own set of company instructions, or taking to approve the perfect instructions. You want to offer varied details concerning your company within the registration in Samoa. You want to both a physical address and a communication address when integrating a company. Every company should own at least one share and one investor in Samoa. You must have to record the complete name and address of each investor in Samoa.