How Long Does it Take to Activate a Hong Kong Virtual Number?
We can activate Hong Kong phone numbers for businesses within 1 business day or a week, depending on the number types. KYC documents are required to set up a Hong Kong virtual number; the sooner you provider accurate document, the quicker we can activate the phone number for Hong Kong.
Why Do Business in Hong Kong?
Before opening a business in Hong Kong, it’s a good idea to consider the economic climate it offers. Let’s take a look at this economic structure and see how virtual phone numbers can be beneficial.
Hong Kong is one of the world’s leading international financial centers. Its economy is based on services and is overseen with a low tax rate and a new free port trading and international financial markets. The Hong Kong dollar is used legally in three different major international commercial banks. Interestingly, there is no official central banking system, but the Hong Kong Monetary Authority regulates the markets.
The Index of Economic Freedom shows Hong Kong has the greatest level of economic autonomy in the world. Governed by positive non-interventionism, Hong Kong is highly dependent on international trade. Hong Kong did experience a bit of a speed bump in 2009 when its economic growth dropped by 2.8% because of global financial turmoil.
Hong Kong enjoys a robust banking system, near-zero public debt, and plenty of foreign exchange reserves alongside extreme anti-corruption measures and enjoys a good relationship with China. Its overall gross domestic product has increased by some 180 times from 1961 to 1997. Today, the Hong Kong Stock Exchange stands as the sixth-largest in the entire world.
So, why do business in Hong Kong?
- Strategic location — access to other countries in the Asia Pacific region.
- Free economy — foreign investors have access to tons of benefits of free trade policies.
- Ease of doing business — an HK company can be set up in just 24 hours thanks to streamlined and time-saving processes.
- Simple and low tax system — only incoming derived from and within the country is taxed, allowing foreign investors to save costs and maximize profits.
Get Hong Kong Virtual Numbers!
It is surprisingly easy and affordable to set up a corporation in Hong Kong, making the nation extremely appealing to startups who set their sights on the country. With Hong Kong VoIP numbers, you can enter this booming economy and increase your business’ sales and global coverage. To learn more, speak with representatives today!