Everything You've Ever Wanted to Know About Hong Kong company formation services

The Total Overview to Company Development Services in Hong Kong for Foreign Companies

What are the Requirements for a Firm in Hong Kong?

To form a business in Hong Kong, the company needs to have an authorized office and at least one director. The business needs to also have at least one shareholder that is either a private or a company.

The developing of the business does not require any specific capital. The minimum paid-up resources for an exclusive business is HK$ 1,000.

Unification demands in Hong Kong are relatively easy and uncomplicated; the process fasts and also easy.

Just how to Register a Service Name?

When you register a company name, you must have a firm name and also the business name must not correspond an existing one. You can likewise register your firm as a single proprietorship.

A single proprietorship is the most basic type of business entity. It is owned by someone as well as does not have any kind of shareholders or companions. A sole proprietorship has unrestricted liability for all financial obligations of the business, which implies that if the business can not pay its financial obligations, the owner will be accountable for them in full.

Exactly how do I Submit my Yearly Return with the Companies Computer registry?

The Companies Computer registry is a federal government firm that records as well as preserves details on the formation of companies in Hong Kong. The Computer registry likewise videotapes changes in company details, such as company name, address, and supervisors.

Below are some ideas for you to submit your yearly return with the Companies Registry:

- First, you will require to fill in a Yearly Return Type (ARF). This kind can be downloaded from the website of the Business Computer registry or acquired from the windows registry workplace.

- You will certainly after that need to supply a checklist of all your registered investors and also directors with their full names, addresses, professions and also nationalities.

- You will certainly also have to give a listing of all your subsidiaries together with their signed up address and also variety of shares held by each subsidiary.

What are the Tax obligation Needs for a Hong Kong-based Company?

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The Hong Kong federal government imposes a range of tax obligations on businesses. These consist of:

- Revenue Tax obligation - revenues tax rate is 16.5% for the year of analysis 2018 and 17% for the years of analysis 2019 onwards.

- Gains Tax - a 10% rate applies to gains from disposals of shares, protections or devices in mutual fund, interests in unit trusts, and also rights under an agreement to purchase or sell shares, protections or systems in mutual fund; and also a 5% rate applies to other gains

- Earnings Tax - profits tax price is 16.5% for the year of analysis 2018 and also 17% for the years of assessment 2019 onwards.