The Complete Guide to Company Formation Services in Hong Kong for Foreign Firms
What are the Needs for a Company in Hong Kong?
To create a company in Hong Kong, the company has to have a licensed office as well as a minimum of one director. The company should likewise contend least one shareholder who is either a specific or a corporation.
The forming of the business does not call for any kind of certain resources. The minimum paid-up funding for an exclusive business is HK$ 1,000.
Incorporation needs in Hong Kong are reasonably basic and also straightforward; the process fasts and convenient.
Just how to Register an Organization Call?
When you sign up a service name, you should have a firm name as well as the company name have to not correspond an existing one. You can additionally register your business as a single proprietorship.
A single proprietorship is the simplest type of organization entity. It is had by one person as well as does not have any shareholders or partners. A sole proprietorship has unrestricted liability for all financial debts of business, which implies that if the business can not pay its financial debts, the proprietor will be responsible for them in full.
How do I Submit my Annual Return with the Companies Computer registry?
The Business Computer registry is a government firm that records as well as keeps details on the development of firms in Hong Kong. The Registry also videotapes changes in firm details, such as business name, address, as well as directors.
Here are some pointers for you to submit your yearly return with the Business Computer system registry:
- First, you will certainly need to submit an Annual Return Form (ARF). This type can be downloaded and install from the website of the Firms Computer system registry or gotten from the computer registry office.
- You will then have to give a listing of all your registered shareholders and also directors with their complete names, addresses, professions and also citizenships.
- You will certainly also need to offer a checklist of all your subsidiaries together with their signed up address and also number of shares held by each subsidiary.
What are the Tax obligation Requirements for a Hong Kong-based Service?
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The Hong Kong government imposes a variety of tax obligations on businesses. These include:
- Income Tax obligation - revenues tax price is 16.5% for the year of analysis 2018 and 17% for the years of assessment 2019 onwards.
- Gains Tax obligation - a 10% price relates to gains from disposals of shares, securities or systems in mutual fund, interests in system depends on, and also rights under an agreement to purchase or market shares, protections or devices in mutual fund; and a 5% rate puts on various other gains
- Revenues Tax - profits tax obligation rate is 16.5% for the year of evaluation 2018 and also 17% for the years of assessment 2019 onwards.