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Hong Kong is the ideal location to incorporate your Blog

VicentJasonLee | Sep 3, 2009 |

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Ever thought about incorporating your blog? If you are serious about making your blog a business and earning money you should think about it. If you want to sell you web-business one day, it will be a lot easier if it is already incorporated. You will save money through lower taxes and deductions and will also be protected from personal liability. No matter where you live, it is most probably possible to set up a kind of Limited Company (LLC,Ltd,...). But you have to be careful as your home turf is not necessary the best place to incorporate. As a web business is pretty much location independent, there are a lot of places in the world to incorporate your blog. In this article I will show you the benefits of incorporating in Hong Kong which is probably the best place to incorporate a web business.

Important things about incorporating a Limited Company in Hong Kong:

Low tax - The corporate profits tax rate is 17.5%. Capital gains are tax free.
English is an official language along with chinese.
Excellent Political Stability
Low fees to keep your business running (yearly minimum expenses incl. virtual office and government fees: ~US $500).
Easy Incorporation - Can be done within 7 days and does not require you to go to Hong Kong if you set up your company through an agent.

Other benefits of incorporating in Hong Kong: Nearly no restrictions on business expenses. If you have to fly to the Caribbean to get inspired for writing a blog article it is a business trip and full deductible from corporate profits tax.

Requirements for Incorporating in Hong Kong:

Every person with a passport can set up a business in Hong Kong. There is no restriction on any nationality.
Minimum Number of Directors: one (does not have to be local)
A Hong Kong business address is required. Many agents provide "virtual office" services for this incl. mail forward, voice mail number and fax number.
A Secretary Required which must be HK resident or HK company. This is usually included in your virtual office package.
One Shareholder is required and the minimum paid up share capital is HK $1.00.