5 Essential Elements For start a company in hong kong

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Hong Kong’s legislation also demands area corporations to file annual returns and pay yearly registration charges, coupled with audited financial statements geared up and signed off by a Qualified public accountant. If these obligations are usually not satisfied, penalties may well utilize to the community company.

Though it can be not likely that an entrepreneur is going to be caught working with no license before their company can take off, it is essential to satisfy licensing necessities.

You may also must pay back goods and expert services tax (GST) if your company supplies taxable merchandise or providers. GST is a price-included tax that's levied in a level of 0% on most goods and providers, but some products and services are taxed at a fee of five%.

There’s never a specific right time to start a company. You need to start a business When you've got time and a focus to commit to it. Having said that, there’s no problem with starting while you're nevertheless Operating A further occupation.

The At the start component an entrepreneur will think about is The placement of the company. The formation of a company in Hong Kong is probably a lot more favorable than all kinds of other cities within the globe.

With that, starting a company in Hong Kong as a foreigner does come with a set of peculiarities that you should know about.

You may need a lot of time to determine a subsidiary and spend substantial means to hire professional counsel to assist you to create and preserve your company.

The initial step in setting up a company in Hong Kong is to choose on the type of enterprise construction you wish to use. The most typical choices for expats can be a sole proprietorship, a partnership, or possibly a minimal legal responsibility company (LLC).

The subsequent stage is to register your company with the businesses Registry. This can click for more info be finished on the net or in individual, and You'll have to offer a copy of your small business program, your company identify, along with the names and addresses of one's administrators and shareholders. You will also really need to spend a rate to register your company.

You'll be able to look into the government Internet sites and on the web license companies at to select which permits and licenses most closely fits your enterprise entity.

** Prospects can love free accounting service session in the company interval, but exclude the applying for offshore profits exemption and linked tax arranging.

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