The Total Guide to Firm Formation Solutions in Hong Kong for Foreign Business
What are the Requirements for a Business in Hong Kong?
To develop a business in Hong Kong, the business has to have a licensed workplace as well as at the very least one director. The firm needs to additionally contend least one shareholder who is either a private or a company.
The developing of the company does not call for any type of particular resources. The minimum paid-up resources for an exclusive company is HK$ 1,000.
Unification needs in Hong Kong are reasonably simple and also uncomplicated; the procedure is quick and also problem-free.
How to Register an Organization Name?
When you sign up a company name, you must have a company name and also the business name need to not correspond an existing one. You can additionally register your business as a sole proprietorship.
A single proprietorship is the simplest kind of business entity. It is owned by a single person as well as does not have any investors or partners. A sole proprietorship has limitless liability for all financial obligations of the business, which indicates that if the business can not pay its financial debts, the owner will certainly be responsible for them completely.
Just how do I Submit my Yearly Return with the Companies Windows registry?
The Business Pc registry is a government company that records and keeps information on the development of companies in Hong Kong. The Pc registry likewise tapes changes in company information, such as firm name, address, and also directors.
Below are some pointers for you to submit your yearly return with the Companies Windows registry:
- First, you will certainly require to fill in an Annual Return Form (ARF). This kind can be downloaded from the internet site of the Business Computer system registry or acquired from the pc registry office.
- You will then have to provide a list of all your registered investors as well as directors with their complete names, addresses, occupations and also nationalities.
- You will additionally have to give a checklist of all your subsidiaries along with their registered address as well as number of shares held by each subsidiary.
What are the Tax obligation Needs for a Hong Kong-based Business?
key phrases: service tax prices hong kong 2018, gross revenue tax price 2018-hong kong
The Hong Kong government enforces a series of taxes on services. These consist of:
- Earnings Tax - profits tax rate is 16.5% for the year of analysis 2018 and also 17% for the years of assessment 2019 onwards.
- Gains Tax obligation - a 10% rate applies to gains from disposals of shares, safety and securities or devices in investment funds, passions in unit counts on, and also legal rights under an agreement to acquire or offer shares, protections or devices in mutual fund; as well as a 5% price puts on various other gains
- Revenues Tax obligation - earnings tax obligation rate is 16.5% for the year of assessment 2018 and 17% for the years of assessment 2019 onwards.