Incorporation of a local limited company in Hong Kong It is worth for you to consider forming a company in Hong Kong especially if you are engaged in trading business in Asia. The jurisdiction of Hong Kong has the following major benefits: Freest economy in the world, Legal system based on English Common Law, Excellent geographic location, being gateway to China, No foreign exchange control, Low taxes and simple taxation system, Free flow of information, World class infrastructure Small and medium-sized corporations and individuals can enjoy the privileges of large multi-national corporations by setting up their companies and bank accounts in Hong Kong and reducing their taxation expenses. After you set up your company in Hong Kong, it is not obligatory for you to stay physically in Hong Kong while you can have remote control over your Hong Kong company. You do not need to employ any staff or rent an office. Your operating costs are reduced substantially while you can enjoy the benefits brought to you by the Hong Kong company.