The Full Overview to Company Development Services in Hong Kong for Foreign Business
What are the Demands for a Firm in Hong Kong?
To develop a company in Hong Kong, the business needs to have a licensed office and also at least one supervisor. The business should also have at least one investor who is either an individual or a corporation.
The forming of the business does not need any type of specific resources. The minimal paid-up resources for an exclusive company is HK$ 1,000.
Unification requirements in Hong Kong are relatively simple and uncomplicated; the process is quick as well as problem-free.
Exactly how to Register an Organization Call?
When you sign up an organization name, you need to have a company name and the company name should not correspond an existing one. You can also register your firm as a single proprietorship.
A single proprietorship is the simplest form of organization entity. It is owned by a single person and also does not have any kind of investors or companions. A sole proprietorship has unrestricted liability for all debts of the business, which implies that if business can not pay its financial obligations, the owner will certainly be in charge of them in full.
Exactly how do I Submit my Yearly Return with the Business Computer system registry?
The Business Computer system registry is a federal government company that documents as well as maintains info on the formation of firms in Hong Kong. The Computer registry likewise records modifications in business details, such as company name, address, and also directors.
Here are some pointers for you to file your yearly return with the Business Registry:
- First, you will certainly require to fill out an Annual Return Type (ARF). This type can be downloaded from the web site of the Firms Computer registry or obtained from the computer system registry office.
- You will certainly then have to supply a checklist of all your signed up investors and directors with their full names, addresses, professions and also nationalities.
- You will certainly likewise have to give a list of all your subsidiaries together with their registered address as well as number of shares held by each subsidiary.
What are the Tax obligation Requirements for a Hong Kong-based Business?
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The Hong Kong government imposes a range of taxes on companies. These include:
- Earnings Tax - earnings tax rate is 16.5% for the year of evaluation 2018 as well as 17% for the years of evaluation 2019 onwards.
- Gains Tax - a 10% rate relates to gains from disposals of shares, safety and securities or devices in investment funds, passions in device depends on, as well as legal rights under an agreement to buy or offer shares, securities or systems in investment funds; and a 5% rate relates to other gains
- Profits Tax obligation - revenues tax obligation price is 16.5% for the year of analysis 2018 and 17% for the years of assessment 2019 onwards.