About us

Manson CPA Certified Public Accountants (Practising)

Manson CPA Certified Public Accountants (Practising) is a boutique accounting firm in Hong Kong specializing in providing business advisory services and is born out of an idea and a much felt need of clients to look forward to ‘Value addition + Cost optimization’ apart from risk and governance.

The team is guided by one unifying goal in common – an established attitude to add value in every single assignment bringing efficiency, effectiveness, and economy to the client.

Manson Chan provided rich technical knowledge and extensive industry experience from the past over 18 years to assist clients in addressing business issues that goes beyond providing traditional audit services.

Why so many entrepreneurs set up their companies in Hong Kong?

For the past 6 years, the below table shows that the number of local companies that has remained registered in Hong Kong:

Private Co. 1,327,4331,369,6141,386,0541,364,5911,371,6291,358,360

For the past 6 years, the below table shows that the number of new local companies incorporated in Hong Kong:

Private Co. 143,967159,239150,738123,70098,368109,745

15 reasons to set up your companies in Hong Kong

The best route to do business in China. Hong Kong is strategically located near China which plays a vital role in accessing the Chinese market. With the Closer Economic Partnership Arrangement (CEPA), huge markets have opened up for Hong Kong’s goods and services, greatly enhancing its economic cooperation between Mainland China.
Hong Kong offers entrepreneurs an excellent business environment to conduct operation. Hong Kong falls into the category of the world’s most dynamic economies driven by 3 major principles: Free enterprise, Free trade and Free markets. There are no such limitations on outward or inward investments, no foreign ownership, and no foreign exchange controls.
Hong Kong has the best business support and assistance. A remarkable number of associated program have been authorized by the Hong Kong government to help your company grow and develop in every aspect of your business such as the Hong Kong Trade Development Council who support international companies to do business in the Mainland and Asia and also assist Hong Kong companies to find new markets, The Hong Kong Productivity Council who promotes increased productivity and the use of more efficient methods throughout Hong Kong’s business sectors, the Support and Consultation Centre for SMEs who is a comprehensive information and advisory center for SMEs. Financial assistance is also available through some noted government funding schemes like “Dedicated Fund on Branding, Upgrading and Domestic Sales”.
Opening a company in Hong Kong is easy and inexpensive. A physical address is unnecessary for Hong Kong. A correspondence address is adequate.
A foreigner is permitted to own 100% of a Hong Kong company, and they are able to be the sole director and shareholder in a Hong Kong company. There are no requirements to be local resident or a specific nationality.
Companies in Hong Kong are permitted to open multi-currency bank accounts.
Hong Kong uses the territorial source principle of taxation, in which profits made outside of Hong Kong are tax-free.
Under the two-tiered profits tax rates regime, the profits tax rate for the first HK$2 million of assessable profits is taxed at 8.25%, while all the remaining is taxed at 16.5%.
The tax system of Hong Kong is business-friendly. There are no VAT, sales tax, capital gains tax, or dividend-based tax.
Hong Kong lets businesses to cross-out a long list of expenses against the corporation, which signifies deducting taxes and saving big money. Even if you are dining with your client or traveling for some business purpose, these expenses are deductible.
Hong Kong offers highly skilled, well-educated and trained workforce. The workforce is mainly a local talent pool of experienced professionals and entrepreneurs who are known to be well-versed with the growing business culture.
Hong Kong has an international transportation hub with excellent infrastructure facilities such as direct flights to over 150 international destinations, more than 100 international shipping lines operate from Hong Kong, connecting to over 5,000 destinations worldwide.
Hong Kong supports liberal immigration policies. The nationals of 170 countries and territories are allowed to enter Hong Kong without any visa from 7 to 180 days. People on short-term visitor visas might conduct business negotiations and sign contracts. The government has proposed appropriate work visa provisions, assuming the needs of business entrepreneurs who may want to relocate to Hong Kong to run their company or who may aspire to engage foreign professionals to work in their organization.
The taxation system in Hong Kong is generally considered to be one of the most simple, transparent, and straightforward systems in the world.
Every individual director or shareholder can enjoy HK$132,000 allowance to their assessable personal income.

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If you need any advice on how to set up your company , please email Manson at info@mansoncpa.com or whatsapp at 852 – 64628548.