5 Simple Techniques For Register a Company in Hong Kong
5 Simple Techniques For Register a Company in Hong Kong
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Read more for details on Hong Kong’s needs, procedures, and the estimated timeline to register a company.
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Incorporating a company in Hong Kong is actually a streamlined and economical approach. Listed here’s a transparent breakdown in the critical measures included:
Hong Kong has several of the lowest tax fees on the earth, with a company tax fee of just sixteen.five% and no revenue tax or VAT. This causes it to be a pretty place for organizations searching to reduce their tax stress.
When you've selected your company construction, you'll need to choose a reputation for your personal company. This could be a novel title that demonstrates the nature of your company and is easy to recall.
Of course. Just one man or woman can register a company in Hong Kong provided that he fulfill all statutory specifications. The least number of shareholders and directors is one particular, Using the secretary necessary to certainly be a Hong Kong resident.
Subsidiaries function as minimal liability organizations and they are treated as different authorized entities from their parent providers. Hence, underneath Hong Kong subsidiary guidelines, the mum or dad company will not be chargeable for something the subsidiary company does.
It is possible to choose the exact name as your parent company, find more or you may opt for a different name. Nevertheless, the subsidiary title has to be authorised by the Companies Registry. Other Hong Kong subsidiary specifications involve:
Hong Kong adheres to internationally recognised accounting expectations. Companies need to keep appropriate guides of accounts, which form The idea for his or her once-a-year money statements and tax filings. On top of that, all firms should have their accounts audited each year by a Qualified general public accountant (CPA) like InCorp, who has to be unbiased.
This really is one particular rationale this company composition is not something which is usually recommended For brand spanking new business people.
The process of opening a bank account is easy. You will need to deliver the expected paperwork to the lender to be able to proceed having a bank account application. Below are a number of the paperwork you should get ready ahead of heading down to a lender to open up a company bank account.
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At the very least 1 director is needed to include A personal confined company. There is no highest number of directors.
In case you’re planning to register a company in Hong Kong on the internet, you’re in luck! Assuming all your files are as a way, therefore you’re permitted, the method might be concluded in below one hour. This consists of having your Certification of Incorporation and Small business Registration Certificate.