Beginning your own startup is one of the biggest step a person takes in his life. That is mainly because after schooling for twelve to thirteen years and finally graduating from a reputed university, most people are lost as to what to do with their life. Some want to pursue their career in the filed they excelled and others simply might want to try out every possible opportunity that comes across. The third category of people are the ones who wants to start something on their own and be their own boss. This is mainly because most people get bored of going to a work which starts at eight p.m. and ends at six p.m. Life obviously cannot get more boring than that by simply setting on a couch all day and staring at the laptop. Thus, most young guys and girls want to establish their own startup either in their country or abroad. There are several things that needs to be taken into consideration when thinking whether to go national or international.
When going national, the most important aspect to look into is the tax you need to pay for the government. If you are a person who is young and have no experience in this sector and trying to figure out everything on your won. Considering for a Hong Kong company formation and bank account in your home country is after all, not a bad idea. Because you might have manifold advantages our a foreign national when it comes to importing or exporting. Even at customs considering your nationality for certain goods and services you get a discount, or you come across rules and regulations which are less complicated when comparing to others. But that doesn’t mean you should go establish it in a country in which you have never been. After all, taking risks can take you to great heights.
When considering about going international. There are various ways in which you could begin with. That is, if you particularly feel that you have no firsthand experience, you can seek assistance from agents who are willing to help their clients with their startups. For example, you can register a business in HK and these agents can help you from ‘a to z’ with the procedures.
It is very practical that the world we live in, if you don’t have any kind of influence, getting things done in the government sector can take ages. Therefore, you don’t want to waste your time and money just doing the procedures. Thus, seek advice.
Therefore, now you can sit and think whether to go International or national!