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Compared to other organization buildings, registration of sole proprietorships in Hong Kong is extremely uncomplicated and noticeably much more manageable. As reviewed higher than, registration entails only one solitary action of registering the business on the Inland Profits Office.
This rate is usually practical for smaller and medium-sized enterprises, since it decreases the quantity of taxes to pay for, starting up the yr of evaluation 2018/2019. To consult the tax fees in Hong Kong, remember to see the following hyperlink within the tax authority.
For international buyers, a Licensed duplicate of the first copyright and proof of the hottest overseas residential tackle
It is important to note that inside of a partnership, obligations are shared Amongst the companions. Because of this, a business registered to be a partnership won't possess a separate lawful identification, and all partners are Individually held accountable for your debts, liabilities, and steps from the enterprise, such as Those people carried out by other partners.
3. Test the Registered Address! Some organizations make use of a Digital deal with in the CBD when their Business office is actually faraway from the CBD location. You should question your agent exactly where is its Actual physical Place of work handle and whether they do the job in that Central Place of work handle.
The Timeframe for On the internet Submission: The federal government has launched the e-Registry system lately. The term “on the net submission” has puzzled quite a few non-locals in the course of the year. In actual fact, There exists a pre-requisite for utilizing the program. Foreigners really need to current their copyright into the Company Registry in individual.
They may be the key connection with govt bodies such as Inland Revenue Department, the businesses Registry, and the Hong Kong Stock Exchange. The company secretary will typically act as the designated representative from the company’s substantial controllers’ register. In addition, the company secretary organises and prepares the agendas and will take minutes of the board and yearly basic meetings.
On this manual, I’ll share the steps needed to register your company and explore the benefits and issues to consider right before putting together a company in Hong Kong.
Shareholders is usually Hong Kong residents or non-people. Nominee shareholders are permitted, and it’s achievable for the only real director to also act as a shareholder.
Our crew of specialists company formations take meticulous treatment to make certain documentation is comprehensive, and compliance is comprehensive.
For included and unincorporated corporations, the next selection lowers the tax charge for assessable earnings within the first $two million Hong Kong Bucks.
It aims to assist Hong Kong-based mostly SMEs in obtaining financing for his or her development. Less than this scheme, SMEs can get assures of approximately eighty% on loans received from financial establishments.
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