The Complete Overview to Firm Formation Solutions in Hong Kong for Foreign Firms
What are the Requirements for a Business in Hong Kong?
To develop a business in Hong Kong, the company must have an authorized office as well as at least one director. The business needs to likewise contend least one investor that is either an individual or a company.
The developing of the business does not require any type of particular capital. The minimal paid-up capital for a personal business is HK$ 1,000.
Unification needs in Hong Kong are fairly basic and simple; the process fasts as well as problem-free.
How to Register a Company Name?
When you register an organization name, you should have a company name as well as the company name have to not be identical to an existing one. You can also register your company as a sole proprietorship.
A sole proprietorship is the most basic form of business entity. It is owned by someone and does not have any type of investors or companions. A sole proprietorship has unlimited liability for all debts of the business, which implies that if business can not pay its debts, the owner will certainly be responsible for them in full.
How do I File my Yearly Return with the Firms Computer system registry?
The Companies Computer system registry is a federal government company that documents and also preserves info on the formation of companies in Hong Kong. The Computer registry also tape-records changes in business information, such as business name, address, as well as supervisors.
Here are some suggestions for you to file your yearly return with the Companies Windows registry:
- First, you will certainly need to submit a Yearly Return Kind (ARF). This form can be downloaded and install from the site of the Companies Registry or acquired from the computer system registry office.
- You will certainly then need to offer a checklist of all your registered shareholders and also supervisors with their complete names, addresses, line of work as well as races.
- You will certainly additionally need to supply 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 Needs for a Hong Kong-based Service?
key phrases: organization tax obligation prices hong kong 2018, gross income tax rate 2018-hong kong
The Hong Kong federal government imposes a series of taxes on companies. These consist of:
- Earnings Tax - revenues tax obligation price is 16.5% for the year of analysis 2018 and 17% for the years of assessment 2019 onwards.
- Gains Tax obligation - a 10% price puts on gains from disposals of shares, safeties or systems in investment funds, rate of interests in system depends on, and also civil liberties under a contract to acquire or sell shares, safety and securities or systems in mutual fund; as well as a 5% price puts on various other gains
- Revenues Tax obligation - revenues tax price is 16.5% for the year of assessment 2018 and also 17% for the years of assessment 2019 onwards.