The Complete Guide to Company Development Solutions in Hong Kong for Foreign Firms
What are the Demands for a Business in Hong Kong?
To form a company in Hong Kong, the firm has to have a registered office and also at least one supervisor. The business needs to also have at the very least one shareholder who is either a specific or a company.
The forming of the firm does not call for any type of certain funding. The minimum paid-up resources for a private firm is HK$ 1,000.
Incorporation needs in Hong Kong are fairly easy as well as straightforward; the procedure fasts and convenient.
Just how to Register a Service Call?
When you register a company name, you have to have a firm name as well as the business name must not correspond an existing one. You can additionally register your firm as a sole proprietorship.
A single proprietorship is the most basic type of service entity. It is had by one person as well as does not have any type of shareholders or partners. A single proprietorship has endless responsibility for all debts of business, which suggests that if the business can not pay its financial obligations, the owner will be accountable for them in full.
Just how do I Submit my Annual Return with the Firms Windows registry?
The Firms Registry is a federal government agency that documents and maintains details on the development of business in Hong Kong. The Computer system registry likewise videotapes modifications in company details, such as firm name, address, and supervisors.
Below are some ideas for you to submit your yearly return with the Firms Registry:
- First, you will certainly require to submit an Annual Return Kind (ARF). This form can be downloaded from the web site of the Business Windows registry or obtained from the computer registry workplace.
- You will after that need to offer a list of all your registered shareholders and directors with their complete names, addresses, occupations and also nationalities.
- You will likewise need to provide a list of all your subsidiaries along with their registered address and also number of shares held by each subsidiary.
What are the Tax Needs for a Hong Kong-based Company?
key phrases: service tax prices hong kong 2018, gross income tax obligation rate 2018-hong kong
The Hong Kong government enforces a range of tax obligations on businesses. These include:
- Earnings Tax - revenues tax rate is 16.5% for the year of assessment 2018 and 17% for the years of evaluation 2019 onwards.
- Gains Tax obligation - a 10% price relates to gains from disposals of shares, safeties or systems in mutual fund, passions in unit trusts, and rights under an agreement to acquire or offer shares, safeties or devices in investment funds; and also a 5% price applies to various other gains
- Revenues Tax - earnings tax obligation price is 16.5% for the year of analysis 2018 and 17% for the years of analysis 2019 onwards.