3 No-Nonsense Steps to Start the Company Office

PlanMicro-businesses or micro-enterprises are small-time business entities that typically employ few people. There are many micro-enterprises doing trade in the United States. As an owner of a business, whether it is a computer programming outsourcing, accounting firm, or a machine shop, you know that it cannot stay small in the long run. To make the big bucks, you know your business has to inevitably grow, and that means expanding from the small office.

When the business calls for expansion, you have to start building a large base of operations for the company – a larger office in simpler terms. This is the simple three-step manual to do it.

Get the Space

You need the office dedicated for the business, and that means new space. To do this, you can call in building companies or contractors to build you an office. A simple single-story building will do, but if you need bigger, just add some more materials.

Construction from the ground up gives you the advantage of being able to call the shotscompletely in how you would like the office to be. However, if you are looking for a faster and cheaper way to get the space, you can look for office buildings for sale or for lease.

Working Facilities and Logistics

Once you have the office space built, you can then fill it with the necessary work facilities and equipment you will use. Depending on the nature of your small company, you can populate the space with computer workstations or other office requirements.

Give your employees the space and materials they need, starting from their own workstations to the office pantry. Stock up on office supplies on this stage, too.

Technical Infrastructure

Now that the employees’ workstations are in place, and the office is ready for habitation, the final step is turning the office operational by establishing the needed technical infrastructure. This can start from outfitting it with the necessary electrical rigs to support the operations of the office.

And, as per modern information technology, the need for an effective office IT infrastructure comes as well. A phone and data network installation will integrate the many facilities of the office to achieve efficiency and meet the demands of the business from matters in administration, operations, and logistics to customer transactions.

Small-scale businesses are a good way to start, but eventually, it has to grow. And when businesses expand, an effective base of operations is always a help. Know how to start yours.

3 Reasons Hong Kong is the Perfect Location for Internet-Based Businesses

hong kong investmentWhen you’re planning a start-up, the first problem you have is finding the right location. Whilst there is nothing wrong with establishing your business in your home country, doing so can cost big. Today, it’s more practical to venture into offshore corporations for easier management.

Hong Kong is one of the most prominent tax havens in the world. It is the epitome of globalisation and the free economy, which makes it ideal for businesses – particularly Internet-based ones. Three reasons justify this claim:

Affordable Set-Up Costs

Compared to the cost of setting up shop in the United States or in Europe, the cost in Hong Kong is way lower. You can have a corporation up and running in no time. The best part is that you can do this without even having to fly to the area.

There are agencies that provide company registration services in Hong Kong for a reasonable fee. You can acquire a business address, phone, mail, and fax services, and a bank account. And since you operate an Internet-based business, you can interconnect your entire enterprise through a virtual office, thus giving you better flexibility in providing your services.

Tax- and Expense-Related Perks

Did you know that Hong Kong charges a 0% corporate tax for any transaction completed outside the country? Of course, you would still have to pay taxes in the country where the deal took place, but this alone spells a great benefit for your business. Hong Kong doesn’t have capital gains and dividend taxes as well. Moreover, the HK government lets you write off more expenses than the usual standard in other countries.

These concepts present invaluable perks for your enterprise. Online businesses tend to transact outside the home country, which means you can take full advantage of the 0% corporate tax.

Banking and Business Prowess

Hong Kong is famous for being the poster child of globalisation. But apart from the area’s economic freedom, it’s also an ideal business location because of its strength in banking and finance. You can use your Internet-based business to diversify your assets outside your home country and grow your trade from there.

These three reasons sum up why Hong Kong is the perfect location for any Internet-based business. With such flexible economic policies, any would-be entrepreneur can propel their enterprise to success.