Hong Kong company formation portrays a positive image to global customers, suppliers, investors, venture capitalists, governments, and banks because of its smooth bureaucracy, minimal corruption, restrictions and red tape. There are not too many bureaucratic procedures like licensing and government registrations required for entrepreneurs. Strict legal framework along with effective bureaucracy makes it easier for foreign investors to depend on the local laws to protect their assets. There are no exchange controls to restrict FDIs, currency accounts or repatriation of capital and earnings. Adding to its clean reputation, Hong Kong has also established itself as a financial center in Asia with the presence of a number of banks and financial institutions. This makes it easier for Hong Kong companies to obtain corporate banking accounts (http://www.healyconsultants.com/
Apart from liberal economic policies, Hong Kong also boasts a very strategic location and hence is ranked the 2nd best place in the world to start a new business.
Mr. Aidan Healy