1.

Regulations for Hong Kong business formation include a Hong Kong resident director and a local, resident company secretary. Corporate directors are permitted.

2.

Hong Kong is a low tax jurisdiction. A Hong Kong company is not required to register for goods and services tax (GST) or value added tax (VAT). Furthermore, international profits are tax exempt provided they are not remitted into Hong Kong, making Hong Kong business formation an ideal option.

The Companies Registry is the governing body for Hong Kong business formation. The cost of a Business Registration Certificate is HK$2,600 (US$335), a sum which is payable annually.

Hong Kong's strict client confidentiality laws have resulted in many international investors migrating their wealth to the region.

Global investors who choose Hong Kong business start up can benefit from Hong Kong's high standards in confidentiality, which have recently been incorporated with Organisation for Economic Cooperation and Development (OECD) legislation.

Hong Kong business formation is an increasingly popular option for international entrepreneurs. Inward foreign investment into Hong Kong in 2008 was US$63 billion, a 40% increase from 2006.

The minimum authorised share capital for a Hong Kong company is S$1.

A significant and ambitious twelve year plan will see the Pearl River Delta be transformed into a "globally competitive" region. This joint venture between Hong Kong and Macau will likely generate and attract significant interest from foreign investors, and bring the Hong Kong and Macau’s economic cooperation to a whole new level, and bodes well for Hong Kong business formation.

Investors completing Hong Kong business formation can take advantage of the double taxation agreements Hong Kong has with China, the USA and Belgium.

After Hong Kong business formation, investors can open corporate bank accounts with one of the major international banks such as HSBC, Standard Chartered or Citibank. In fact, 70 of the world’s largest 100 banks operate in Hong Kong.