Hong Kong is Asia’s commercial and financial centre, and as such has always been welcoming for businesses.
Hong Kong companies require comparatively little investment by the foreign investors, and allow trade, invoicing, the hiring of staff, and transfer of capital abroad. The tax burden in Hong Kong is amongst the lowest in the world too!
They are also a good starting point for setting up a business in Mainland China, as Hong Kong company registry will usually make this simpler. Due to being limited liability companies, they also provide investor security for Chinese investments when they’re used as the investment holder.
Hong Kong companies must have at least one director who may be a foreigner, and at least one company secretary who is a Hong Kong national.
Foreigners do not need to live in Hong Kong to open a company there, but will need to visit in order to open a business bank account as part of the Hong Kong company formation process.