The Full Guide to Business Formation Solutions in Hong Kong for Foreign Business
What are the Needs for a Business in Hong Kong?
To create a company in Hong Kong, the company needs to have an authorized office as well as at least one director. The business should additionally have at the very least one investor that is either a private or a firm.
The creating of the firm does not call for any type of details funding. The minimum paid-up funding for an exclusive business is HK$ 1,000.
Incorporation requirements in Hong Kong are fairly simple as well as straightforward; the procedure fasts and also convenient.
Just how to Register a Company Name?
When you sign up a service name, you have to have a firm name as well as the company name must not be identical to an existing one. You can additionally register your firm as a sole proprietorship.
A single proprietorship is the simplest kind of business entity. It is owned by someone and does not have any shareholders or companions. A sole proprietorship has unlimited liability for all debts of the business, which suggests that if business can not pay its debts, the proprietor will certainly be responsible for them in full.
Just how do I File my Yearly Return with the Companies Pc registry?
The Firms Registry is a federal government agency that records and keeps info on the development of business in Hong Kong. The Windows registry likewise videotapes modifications in business details, such as company name, address, as well as supervisors.
Below are some ideas for you to file your annual return with the Business Registry:
- First, you will certainly need to fill out an Annual Return Form (ARF). This form can be downloaded from the website of the Companies Computer registry or obtained from the pc registry workplace.
- You will certainly after that have to supply a checklist of all your registered investors and also supervisors with their full names, addresses, line of work and citizenships.
- You will certainly also have to give a checklist of all your subsidiaries along with their registered address and number of shares held by each subsidiary.
What are the Tax Needs for a Hong Kong-based Business?
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The Hong Kong federal government enforces a series of tax obligations on services. These include:
- Income Tax - earnings tax price is 16.5% for the year of analysis 2018 as well as 17% for the years of assessment 2019 onwards.
- Gains Tax obligation - a 10% rate applies to gains from disposals of shares, protections or systems in investment funds, rate of interests in unit counts on, and legal rights under a contract to buy or offer shares, securities or systems in mutual fund; and a 5% price puts on other gains
- Earnings Tax - profits tax obligation price is 16.5% for the year of evaluation 2018 as well as 17% for the years of evaluation 2019 onwards.