The Total Overview to Business Development Solutions in Hong Kong for Foreign Firms
What are the Requirements for a Firm in Hong Kong?
To create a firm in Hong Kong, the company must have a licensed office and also at least one director. The firm should also have at the very least one shareholder that is either a specific or a company.
The creating of the company does not require any certain capital. The minimum paid-up capital for a private company is HK$ 1,000.
Consolidation needs in Hong Kong are fairly basic as well as straightforward; the procedure is quick and also easy.
How to Register an Organization Call?
When you sign up an organization name, you need to have a firm name as well as the business name need to not correspond an existing one. You can also register your company as a single proprietorship.
A single proprietorship is the most basic kind of service entity. It is owned by one person and also does not have any type of shareholders or companions. A single proprietorship has unlimited obligation for all financial debts of the business, which suggests that if the business can not pay its debts, the proprietor will be accountable for them completely.
Exactly how do I File my Annual Return with the Companies Pc registry?
The Firms Pc registry is a federal government company that documents and also preserves info on the development of business in Hong Kong. The Computer system registry also tapes adjustments in business information, such as firm name, address, and supervisors.
Here are some pointers for you to submit your yearly return with the Companies Pc registry:
- First, you will need to submit a Yearly Return Type (ARF). This type can be downloaded from the website of the Firms Registry or obtained from the pc registry office.
- You will certainly then have to offer a checklist of all your signed up shareholders and directors with their full names, addresses, line of work and citizenships.
- You will likewise need to supply 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 Service?
search phrases: business tax obligation rates hong kong 2018, gross earnings tax obligation rate 2018-hong kong
The Hong Kong government imposes a range of taxes on businesses. These consist of:
- Income Tax - profits tax price is 16.5% for the year of analysis 2018 and also 17% for the years of analysis 2019 onwards.
- Gains Tax - a 10% rate relates to gains from disposals of shares, securities or units in investment funds, rate of interests in unit depends on, as well as civil liberties under a contract to buy or market shares, safety and securities or systems in investment funds; as well as a 5% rate puts on various other gains
- Profits 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.