The Total Overview to Business Development Services in Hong Kong for Foreign Business
What are the Requirements for a Company in Hong Kong?
To create a business in Hong Kong, the business must have a registered office and also a minimum of one supervisor. The business has to likewise contend least one investor who is either an individual or a firm.
The forming of the business does not call for any kind of specific resources. The minimum paid-up capital for an exclusive business is HK$ 1,000.
Unification needs in Hong Kong are reasonably simple as well as simple; the process fasts and also problem-free.
Exactly how to Register an Organization Name?
When you register a service name, you have to have a company name and also the company name must not correspond an existing one. You can also register your company as a sole proprietorship.
A sole proprietorship is the easiest form of company entity. It is had by a single person and also does not have any shareholders or partners. A single proprietorship has unlimited responsibility for all financial debts of the business, which means that if the business can not pay its debts, the owner will be accountable for them in full.
How do I Submit my Annual Return with the Business Windows registry?
The Firms Computer system registry is a federal government firm that documents as well as preserves info on the formation of business in Hong Kong. The Registry likewise tape-records modifications in company information, such as company name, address, and also supervisors.
Here are some ideas for you to submit your annual return with the Companies Windows registry:
- First, you will certainly need to fill in an Annual Return Form (ARF). This type can be downloaded from the internet site of the Firms Computer system registry or obtained from the windows registry workplace.
- You will certainly then have to provide a checklist of all your signed up shareholders and also directors with their full names, addresses, occupations as well as nationalities.
- You will certainly additionally have to provide a list of all your subsidiaries along with their signed up address and variety of shares held by each subsidiary.
What are the Tax Needs for a Hong Kong-based Business?
key phrases: organization tax obligation rates hong kong 2018, gross income tax obligation rate 2018-hong kong
The Hong Kong federal government imposes a series of taxes on organizations. These include:
- Revenue Tax - profits tax obligation price is 16.5% for the year of analysis 2018 and also 17% for the years of analysis 2019 onwards.
- Gains Tax - a 10% price puts on gains from disposals of shares, safeties or devices in mutual fund, interests in unit counts on, and rights under a contract to acquire or sell shares, protections or units in investment funds; and also a 5% price relates to various other gains
- Earnings Tax obligation - revenues tax obligation price is 16.5% for the year of evaluation 2018 and also 17% for the years of evaluation 2019 onwards.