Setting up a company in Hong Kong: tax optimization for content creators (KOL, Content Creator)

Content Creators are individuals or organizations that create and share creative content on social networking platforms (TikTok, Facebook, Youtube, etc.) through articles, video clips, images, posters, etc. Considered as artists on the internet, content creators possess the ability to communicate and create unique content, attracting millions of followers.

With the development of social networks and the popularity of the digital economy, the role of content creators is becoming increasingly important and has a great influence on the online community. Content creators are not simply content creators, but also actively contribute to the creation of a media environment, creating value and interaction for both creators and consumers.

In general, content creators help:

• Entertain and educate viewers: Provide entertaining and educational experiences to viewers, create unique, rich and creative content to provide entertaining and educational experiences to viewers. 
• Marketing and advertising: can do product promotion, product reviews, run special advertising campaigns and create interaction between users and brands.
• Livestream sales: organize livestream sales sessions based on the content creator's personal brand, helping brands increase sales through online live sessions on e-commerce platforms or social networking platforms. 

By helping to develop advertising activities of brands through creative content, content creators will receive income from advertising and marketing activities, affiliate marketing from domestic and foreign brands, or from Facebook, Youtube, Tiktok. To make the process of receiving income simple and easy, many content creators today open company in Hong Kong , and opening a company bank account in Hong Kong. Let's find out with GLA the compelling reasons behind this trend.

Hong Kong is known as an international financial and business center, with a business-friendly environment and a reasonable tax system. 

When a content creator owns a company in Hong Kong, they can tap into global business opportunities, attracting international partners and customers. This not only opens the door to increased income, but also helps expand the influence and brand of the content creator.

Hong Kong places great emphasis on the protection of intellectual property rights. Laws and regulations relating to copyright, trademarks and patents are established to ensure the rights and fairness of intellectual property companies and individuals. The Intellectual Property Department in Hong Kong also has considerable experience in monitoring and handling all matters relating to intellectual property rights.

Hong Kong applies a low and reasonable corporate income tax policy. This creates favorable conditions for businesses to operate and develop, while also helping to enhance competitiveness and attract foreign investment.

Setting up a company in Hong Kong opens up new business opportunities for content creators because with a company in Hong Kong, content creators can easily build an international brand and receive international income from Facebook, Youtube, and Tiktok.

Hong Kong is currently ranked 3rd in the World Bank's ease of doing business report in October 10.2024 (after New Zealand and Singapore). Similar to Singapore, the process of setting up a company in Hong Kong is simple and quick, saving businesses time. Many businesses can own a company in Hong Kong in just 1 day thanks to the streamlined process.

Hong Kong has signed free trade agreements (FTAs) with many countries and regions, including mainland China, ASEAN countries, Australia, New Zealand, Chile and the European Free Trade Association (EFTA). These FTAs ​​help eliminate or reduce tariffs on goods and services. They also improve market access and provide other trade-related benefits to businesses.

Hong Kong companies can easily take advantage of the 0% corporate income tax policy for income generated outside Hong Kong. In addition, Hong Kong's 0% VAT also helps businesses optimize costs. paid advertising for Facebook, Google.

• First, building a brand and creating unique content requires a significant amount of creativity and effort. Content creators need to ensure they have the ability to maintain appeal and attract audiences in new markets. 
• Second, handling the regulations and legal procedures related to the establishment and operation of a company in Hong Kong to comply with the correct procedures, business regulations, taxes, labor laws, and avoid violating the law. 
• Third, financial management, tracking income and expenses, preparing financial reports and complying with accounting rules. This ensures that the company operates efficiently and reliably.

To solve the above problems, Content Creator can contact the units providing company establishment services in Hong Kong to solve problems related to company establishment, financial management and accounting quickly, accurately and most effectively.

GLA provides one-stop Hong Kong company formation service to support Content Creators

• Full support for establishing a company in Hong Kong from name registration, document preparation, office address registration, and Hong Kong company establishment.
• Open a bank account for a Hong Kong company.
• Set up your financial system in compliance with HFRS with our financial reporting, auditing, tax return preparation services.

With the professional support and services from GLA, content Creators can conduct the process of company formation in Hong Kong smoothly, efficiently and achieve successful results.