Are you anticipating taking your enterprise abroad? The success you can get depends on the jurisdiction that you select. About 100-50 years ago, the best investment destination was Europe and America. This narrative has changed over the years as jurisdictions reposition themselves to support emerging enterprises. One special jurisdiction to consider is Hong Kong.
According to the Hong Kong Companies Ordinance, incorporating a business requires a physical address and a resident secretary. So important is the company secretary that your application will be declined at the first instance if the requirement is not met. The secretary is expected to ensure that the company operates legally all the time
In 2014, OECD passed IRS (common reporting standards) to facilitate tax information exchange sharing to prevent double taxation. Because of the dangers associated with tax avoidance such as the 2007-2008 Global Economic Recession, many jurisdictions have agreed to implement the IRS framework.
To make a lot of profits from an offshore business, one thing must take place; drive a lot of sales. High sales in any business are dependent on the company product, marketing strategies, and other efforts directed at driving conversions. The main question that every marketer or entrepreneur must ask is how to win clients.
When entrepreneurs go offshore, the target is getting a good launch pad and growing rapidly. In Hong Kong, the great ease of doing business, government support, and the ready market have been used by some of the top multinationals to grow fast into the Asian and global market. However, achieving this growth is still a