The company registration in Hong Kong Diaries

The company registration in Hong Kong Diaries

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Any personal restricted liability company wants a minimum of one shareholder, and you can Have got a highest of 50. The best part is there's no residency necessity imposed on shareholders. So, regardless of whether you're a neighborhood or an international entrepreneur, you can setup your business in Hong Kong.

Do Be aware the HKICPA may be the accounting and auditing typical-setter, together with in-cost of placing the Qualified moral criteria for accountants in Hong Kong. In line with HKICPA:

Hong Kong follows a territorial taxation coverage and firms are taxed around the chargeable revenue created by carrying on the trade, business or job inside the territorial scope of Hong Kong. Next incorporation, the Hong Kong tax authority concerns towards the company the first tax return after eighteen months through the incorporation plus the additional until tax return depending on the company’s monetary 12 months conclusion date.

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For particular person person accounts, you may prepare a digital certification of one's identification document, or possibly a certified real copy in the identification doc. The document really should be a Hong Kong Identity Card or overseas copyright Qualified by a professional accountant, chartered secretary or law firm.

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Freshly incorporated non-public firms are required to existing the 1st check it out set of audited accounts to shareholders within the Yearly Common Conference (AGM), in nine months following its economic calendar year-conclusion, whilst it continues to be as 6 months for other providers.

The general retirement fund of social security in Hong Kong is known as the mandatory provident fund (MPF). Intended to give a formal process of retirement security, the MPF method is a privately managed contribution scheme that came into operation on December 1st, 2000. As being the title indicates, the program is usually necessary and almost all personnel must add a small share in their monthly money Using the employer making a matching contribution.

Even usually, a company has the obligation to inform authority when is it's designed assessable profits. Notably, registered non Hong Kong organizations also are required to file the profits for their Hong Kong branches.

It is usually a good idea to request guidance from an expert in tax issues, particularly if the return is getting filled in for The 1st time.

We are going to connect you with our regional network of neobanks and regular banks and assist with submitting your application into a bank that most closely fits your business’s desires.

And when you usher in industry experts to help you run the show, your company could evolve into that dream multinational Company even speedier.

In Hong Kong, you’ll also want identification documents, proof of home, and also a financial institution letter for all those serving as your company officers. You will also need to rent a corporate secretarial solutions provider considering the fact that it is a necessity for that establishment and Procedure on the company.

Contrary towards the title, the company secretary is just not just a clerical purpose but performs a significant part during the lawful maintenance of the registered company.