The Complete Guide to Firm Formation 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 business should have a licensed workplace as well as at least one director. The firm should also have at least one shareholder that is either an individual or a firm.
The forming of the business does not need any type of particular capital. The minimal paid-up capital for a private business is HK$ 1,000.
Unification needs in Hong Kong are relatively straightforward and uncomplicated; the procedure fasts as well as convenient.
Just how to Register an Organization Name?
When you register a service name, you must have a firm name as well as the firm name need to not correspond an existing one. You can likewise register your company as a single proprietorship.
A sole proprietorship is the easiest form of company entity. It is had by one person as well as does not have any kind of shareholders or companions. A sole proprietorship has limitless obligation for all financial obligations of business, which indicates that if business can not pay its financial debts, the owner will be responsible for them in full.
Exactly how do I File my Yearly Return with the Companies Windows registry?
The Business Computer registry is a federal government firm that records as well as keeps info on the development of business in Hong Kong. The Computer registry also tape-records modifications in firm information, such as business name, address, and directors.
Right here are some tips for you to file your annual return with the Companies Registry:
- First, you will need to complete an Annual Return Form (ARF). This form can be downloaded and install from the site of the Firms Windows registry or acquired from the windows registry workplace.
- You will certainly after that need to provide a list of all your signed up shareholders as well as supervisors with their complete names, addresses, occupations and also races.
- You will certainly additionally need to supply a list of all your subsidiaries along with their signed up address as well as number of shares held by each subsidiary.
What are the Tax obligation Requirements for a Hong Kong-based Company?
key phrases: company tax obligation prices hong kong 2018, gross profits tax obligation price 2018-hong kong
The Hong Kong federal government imposes a variety of taxes on organizations. These consist of:
- Income Tax - revenues tax obligation rate is 16.5% for the year of evaluation 2018 as well as 17% for the years of assessment 2019 onwards.
- Gains Tax - a 10% rate relates to gains from disposals of shares, protections or units in mutual fund, rate of interests in unit counts on, as well as rights under an agreement to acquire or market shares, safeties or devices in mutual fund; and a 5% price puts on various other gains
- Revenues Tax - profits tax obligation price is 16.5% for the year of assessment 2018 as well as 17% for the years of assessment 2019 onwards.