The Full Overview to Company Development Services in Hong Kong for Foreign Business
What are the Requirements for a Business in Hong Kong?
To form a firm in Hong Kong, the company has to have a licensed workplace as well as at least one director. The company must likewise have at the very least one shareholder who is either a private or a firm.
The forming of the business does not call for any particular funding. The minimum paid-up funding for a private business is HK$ 1,000.
Incorporation requirements in Hong Kong are fairly simple as well as simple; the process is quick as well as hassle-free.
Exactly how to Register a Service Name?
When you register a business name, you need to have a business name as well as the company name have to not correspond an existing one. You can also register your business as a single proprietorship.
A sole proprietorship is the easiest type of business entity. It is owned by a single person and also does not have any type of shareholders or partners. A sole proprietorship has unlimited responsibility for all financial debts of the business, which indicates that if business can not pay its debts, the proprietor will be accountable for them completely.
How do I Submit my Yearly Return with the Firms Registry?
The Business Registry is a government company that records and also keeps details on the development of companies in Hong Kong. The Registry additionally videotapes changes in firm details, such as firm name, address, and also supervisors.
Below are some ideas for you to submit your yearly return with the Companies Windows registry:
- First, you will need to fill out a Yearly Return Type (ARF). This kind can be downloaded from the site of the Business Pc registry or acquired from the computer system registry workplace.
- You will then need to provide a listing of all your signed up investors and supervisors with their full names, addresses, professions and nationalities.
- You will additionally need to offer a checklist of all your subsidiaries along with their registered address and also variety of shares held by each subsidiary.
What are the Tax obligation Needs for a Hong Kong-based Business?
key words: company tax obligation rates hong kong 2018, gross income tax obligation rate 2018-hong kong
The Hong Kong government imposes a variety of taxes on businesses. These include:
- Income Tax obligation - profits tax obligation price is 16.5% for the year of analysis 2018 as well as 17% for the years of evaluation 2019 onwards.
- Gains Tax - a 10% price applies to gains from disposals of shares, safeties or units in investment funds, passions in device trust funds, as well as civil liberties under a contract to purchase or sell shares, safety and securities or devices in mutual fund; as well as a 5% rate applies to various other gains
- Profits Tax obligation - revenues tax obligation rate is 16.5% for the year of analysis 2018 as well as 17% for the years of analysis 2019 onwards.