The Total Guide to Business Development Services in Hong Kong for Foreign Companies
What are the Requirements for a Business in Hong Kong?
To create a firm in Hong Kong, the business needs to have a registered office and a minimum of one supervisor. The firm needs to likewise contend the very least one shareholder that is either an individual or a corporation.
The forming of the company does not require any type of specific capital. The minimum paid-up funding for an exclusive business is HK$ 1,000.
Unification needs in Hong Kong are fairly easy as well as straightforward; the process is quick as well as convenient.
Just how to Register a Service Call?
When you sign up an organization name, you must have a company name and also the firm name need to not be identical to an existing one. You can additionally register your business as a sole proprietorship.
A sole proprietorship is the most basic form of company entity. It is had by one person as well as does not have any type of shareholders or companions. A sole proprietorship has unrestricted obligation for all financial obligations of business, which implies that if business can not pay its debts, the owner will be accountable for them in full.
How do I File my Yearly Return with the Companies Computer system registry?
The Business Windows registry is a government company that records as well as maintains information on the development of firms in Hong Kong. The Windows registry likewise tape-records modifications in company details, such as business name, address, as well as directors.
Right here are some pointers for you to file your yearly return with the Firms Computer system registry:
- First, you will certainly need to fill in a Yearly Return Type (ARF). This kind can be downloaded from the web site of the Companies Computer system registry or gotten from the computer registry office.
- You will then have to offer a list of all your registered shareholders and also supervisors with their complete names, addresses, professions and races.
- You will certainly additionally need to provide a listing of all your subsidiaries together with their registered address as well as number of shares held by each subsidiary.
What are the Tax Requirements for a Hong Kong-based Service?
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The Hong Kong government imposes a range of tax obligations on businesses. These consist of:
- Revenue Tax - revenues tax rate is 16.5% for the year of evaluation 2018 as well as 17% for the years of evaluation 2019 onwards.
- Gains Tax obligation - a 10% rate relates to gains from disposals of shares, protections or units in investment funds, passions in device counts on, and rights under a contract to buy or sell shares, safety and securities or devices in mutual fund; as well as a 5% rate applies to other gains
- Revenues Tax - profits tax price is 16.5% for the year of evaluation 2018 and 17% for the years of analysis 2019 onwards.