Key Factors Driving Hong Kong Company Formations

Based on the analysis of a survey and its web analytics data

, GuideMeHongKong.com has identified the top three likely reasons why small business owners choose to incorporate a company in Hong Kong: (a) ease of company setup, (b) low tax system and (c) preferential access to the mainland China market.

During the period from January to April 2010, the website experienced a 80% increase in visitor traffic, compared to the corresponding period for the previous year. The site recorded an increase in both returning visitors as well as new visitors. The number of page view counts and unique page views reveal that visitors are exploring topics such as "Hong Kong Company Registration", "Hong Kong Tax System", "Advantages of Setting up a New Business in Hong Kong", etc. Furthermore, referral data that pinpoint keywords or key phrases being used by searchers reveal that the most popular key phrases are "Hong Kong company set up requirements", "Hong Kong company registration timeline and procedure", "Hong Kong Corporate Tax Benefits", and "Hong Kong CEPA". According to Ms. Jacqueline Low, the Director of Corporate Services at Janus Corporate Solutions "" the company that runs the GuideMeHongKong.com site,

"We find that more than 60% of our site visitors are multi page repeat visitors who tend to visit multiple pages on Hong Kong company set up. Such visitors tend to visit the site often and the average time they spend on each page is usually more than six minutes."

The increased interest in company formation appears to be supported by the new data released by the government. Statistics released by the Hong Kong Company Registry show that there has been a steady increase in the number of Hong Kong companies that were set up in April 2010 (13,250) as compared to January 2010 (10,121).

Apart from the ease of doing business, taxes and proximity to the mainland, business entrepreneurs can benefit from political and economic stability, an efficient legal system and a talented workforce. Entrepreneurs can fast-track their business setup and expansion plans in the Asian region by choosing to incorporate a company in Hong Kong.

by: cristonlee

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