register company Hong Kong - An Overview
register company Hong Kong - An Overview
Blog Article
The new Firms Ordinance simplifies the method of execution of documents by providers. The retaining and utilization of frequent seal is currently optional.
The methods to registering a company in Hong Kong entail picking a company name, planning essential files, and submitting an application to the Companies Registry for rapidly and simple incorporation.
IRD stands for Inland Revenue Division, and that is the Hong Kong government’s tax authority. It really is chargeable for collecting many different taxes, like money tax, property tax, and stamp duty.
Entire Manage: You retain full autonomy around the registration method, making sure all specifics align with all your preferences.
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As opposed to Singapore, foreigners are allowed to have one hundred% Charge of their restricted company in Hong Kong. To paraphrase, a foreigner could be the only real director and shareholder. There's no have to have to have a community director or shareholder. Whilst there aren't any Specific limits in nationality, most certified brokers usually are not prepared to take applications from UN-sanctioned nations around the world Until The client can fulfill their KYC and AML examining demands.
The Timeframe for On the internet Submission: The government has released the e-Registry program in recent years. The time period “on the web submission” has perplexed several non-locals over the year. In reality, there is a pre-requisite for using the process. Foreigners should existing their copyright on the Company Registry in individual.
Pro-tip: Consider consulting with a tax Experienced to be certain utmost tax Positive aspects and compliance with neighborhood regulations.
Hong Kong is a leading centre while in the Asia Pacific location, renowned for its robust trademark IP defense, attractive corporate tax framework, remarkable connectivity, and strategic proximity to burgeoning marketplaces.
Hong Kong adopts a territorial supply principle of taxation. Put simply, offshore profits aren't taxable by the Hong Kong neighborhood authority.
Personal Legal responsibility: The company formation companies house proprietor bears unrestricted private liability, as there isn't any legal difference concerning own and small business belongings
Additionally, Hong Kong is recognized for owning among the list of planet's most straightforward and most organization-friendly tax techniques, earning the city a chosen option for conducting Intercontinental company in Asia.
Pick an acceptable company title that complies with the naming tips issued from the HK Company Registry. Selected terms may possibly need prior acceptance or additional documentation.
This registration need to occur within just just one thirty day period of the appliance for company incorporation. As well as the Formerly talked about documents, you can deliver the next on the Company Registry (CR):⁵