Prior to we go further more, we’ll must go more than some terminologies and processes that you may possibly encounter if you register a company in Hong Kong as a foreigner.
A sole proprietorship is among the most uncomplicated company composition in Hong Kong, involving just one proprietor who manages all financial obligations, such as income and losses. Transferring ownership is as simple as providing the business assets.
Here are a few crucial details to consider to Test the legitimacy of the Hong Kong company development agent:
Shareholders possess the company and make essential choices, which include approving once-a-year money statements and appointing directors.
Minimal Partnership: Comprises general companions who are entirely liable and restricted partners whose legal responsibility is limited for their expense. Constrained companions will not participate in management selections.
When the company’s identify and structure are decided, you can continue with submitting an software for company incorporation, which includes applying for a business registration certification at the same time. The mandatory documents for this application are:
It is crucial to notice which the company's accounts have to be audited on an yearly foundation by a Accredited Community Accountant in Hong Kong. The audited accounts should also be submitted on the Inland Earnings Department for critique. We are going to organise renewing your enterprise Registration Certification and assist with the planning of once-a-year return in accordance with community guidelines and laws, and organize audit referral for your personal private limited legal responsibility company
Submitting an software of company incorporation is straightforward and entails two sections: the company incorporation along with the business registration. These happen concurrently, which portion will detail the measures related to company incorporation. There are 2 various ways to go over it:⁴
Not only the desirable tax routine, and the planet-course monetary sector, Hong Kong company formation’s simplicity also make this region certainly one of the largest company centers for startups and firms of all dimensions.
Shareholders is usually Hong Kong citizens or non-citizens. Nominee shareholders are authorized, and it’s attainable for the only real director to also work as a shareholder.
The area supports 100% company formation companies house overseas possession and functions an expedited registration method that can be done in only 48 several hours. This streamlined tactic facilitates a quick and effective start for organizations desirous to enter the market.
Once you registered a company in Hong Kong, administrators can arrange checking account opening in any countries. Some financial institutions may possibly even support account opening remotely.
To take care of an Lively position and steer clear of unforeseen fines from The federal government, it is vital in your Hong Kong company to fulfill once-a-year compliance requirements.
You should be observed that not all corporations in Hong Kong are subject matter to these licensing specifications. Only particular sectors necessitate the application for a company license. You will find specific direction on this issue in our article licenses and permits in Hong Kong.