The Full Guide to Company Formation Solutions in Hong Kong for Foreign Companies
What are the Requirements for a Firm in Hong Kong?
To create a company in Hong Kong, the business needs to have a registered office and at least one supervisor. The firm needs to also have at the very least one investor who is either an individual or a firm.
The forming of the firm does not need any particular capital. The minimal paid-up resources for a personal company is HK$ 1,000.
Unification requirements in Hong Kong are reasonably simple as well as straightforward; the process is quick and also hassle-free.
Just how to Register a Business Call?
When you register a business name, you need to have a business name and also the business name must not be identical to an existing one. You can additionally register your firm as a single proprietorship.
A sole proprietorship is the simplest type of organization entity. It is possessed by a single person and does not have any type of investors or companions. A sole proprietorship has unrestricted liability for all financial obligations of business, which implies that if business can not pay its financial obligations, the owner will be in charge of them completely.
How do I File my Yearly Return with the Firms Windows registry?
The Firms Pc registry is a government company that documents and maintains details on the formation of business in Hong Kong. The Computer registry likewise tapes changes in business details, such as company name, address, and also directors.
Right here are some pointers for you to file your annual return with the Business Computer system registry:
- First, you will certainly require to submit an Annual Return Form (ARF). This form can be downloaded and install from the internet site of the Business Registry or gotten from the windows registry office.
- You will certainly after that have to supply a listing of all your signed up shareholders and also supervisors with their complete names, addresses, professions and also races.
- You will certainly likewise have to give a checklist of all your subsidiaries together with their signed up address and also number of shares held by each subsidiary.
What are the Tax Demands for a Hong Kong-based Service?
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The Hong Kong government enforces a range of tax obligations on companies. These include:
- Revenue Tax - profits tax obligation rate is 16.5% for the year of assessment 2018 and 17% for the years of assessment 2019 onwards.
- Gains Tax - a 10% price puts on gains from disposals of shares, safety and securities or devices in investment funds, rate of interests in device depends on, and legal rights under an agreement to acquire or sell shares, securities or units in investment funds; as well as a 5% price applies to other gains
- Profits Tax - revenues tax rate is 16.5% for the year of assessment 2018 and 17% for the years of analysis 2019 onwards.