Companies in Hong Kong benefit a lot from the free trade agreements between ASEAN, China and Hong Kong.
Online PR News – 23-October-2013 – Kowloon, Hong Kong – Hong Kong, China,23rd October 2013:Companies in Hong Kong benefit a lot from the free trade agreements between ASEAN, China and Hong Kong.
Hong Kong has been recognized as one among the world's most decisive economy for many years. The major benefit entrepreneurs look forward while setting up their business in Hong Kong include simple tax system, free circulation of goods, high-quality personnel, developed information and free trade agreement. The taxes in Hong Kong are among the lowest in the world. It has a simpler tax system and supports offshore tax system. So company formation in Hong Kong is one of the best options. Hong Kong is credited as the world's freest economy by the World Heritage Organization.
There is a Free trade agreement between ASEAN and China. This agreement benefits a lot of companies in Hong Kong. Following are the benefits of Free trade agreement to Hong Kong Companies:
• Free trade agreement helpedHong Kong companiesto increase the production of those commodities in which they have a comparative advantage.
• Hong Kong companies have also increased their production efficiencies with free trade as it has helped to allocate theirresources more effectively.
• This agreement has also helped them to increase the foreign exchange in terms of exports and imports.
Today, Hong Kong-ASEAN Business Partnership Symposium has been held in Hong Kong. Economic ministers of the ten ASEAN member countries attended the event. A closer economic co-operation and policies is expectedto bring a mutual development in the region among ASEAN, Hong Kong and China in future.
Flexkin& Co.is a certified professional and business advisory firm which helps in commercial investment & company formation,inHong Kong. Flexkin was established in 2004 and has been dedicated to providing service of professional accounting, assurance, taxation, both Hong Kong and China company incorporation, trademark and patent registration, corporate finance, public notary, application of investment immigration and work permit, deregistration, winding-up, business management and company secretary. For more information, contact at: (852) 3728 3000!
About the Company:
Flexkin & Co. is a professional and business advisory firm and Certified Public Accountants with a practicing certificate issued by the Hong Kong Institute of Certified Public Accountant (“HKICPA”). They can provide assurance services to organization, corporate body and individual to meet statutory requirements. Moreover, under special circumstances, for example, admitting new shareholder, they can provide verification and inspection services on company's financial information with legal recognition.Since its establishment in 2004, Flexkin has been dedicated to provide service of professional accounting, assurance, taxation, both Hong Kong and China company incorporation, trademark and patent registration etc.