Conversely, if your source of profits is in Hong Kong, you're topic towards the Hong Kong revenue tax. Hong Kong government recently sends a welcoming information to small business starters who are seeking prospects in HK by mulling enormous cuts to earnings tax because February 2018.

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A charge for organization registration, which you'll be able to determine by examining the levy table obtainable about the Inland Profits Office website.

Make sure you Be aware:- Substantially higher registration fees are payable for late supply of once-a-year returns.

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Just about every private restricted company in Hong Kong involves a minimum of one particular “purely natural” director (somebody who ordinarily resides in Hong Kong) and one particular company secretary. Additionally, if there is only one director, then that one particular director cannot also be the company secretary. The rest of it truly is up towards your discretion.³

Based on the validity of your small business license you will have taken out for your personal sole proprietorship, you're going to be required to renew your organization Registration Certificate one thirty day period before the date of expiry.

Registered Workplace tackle rate: It’s a requirement to have a registered Business office handle in Hong Kong. This may involve bills connected to renting Bodily Business space or employing Digital Business expert services, which can begin at about HK$2,000 company formation per annum.

Embarking on a business enterprise in the guts of Asia’s economic powerhouse, Hong Kong, offers a promising gateway to accomplishment. Renowned for its small taxation, robust economic infrastructure, and strategic locale, Hong Kong beckons business owners to seize its myriad prospects.

With outcome from 1 March 2018, a fresh licensing routine for rely on or company service providers has arrive into operation. Anyone who carries on or needs to hold over a belief or company support small business in Hong Kong is needed to submit an application for a licence from your Registrar of Corporations.

However, the director has to be a purely natural individual and could also act given that the shareholder. Additionally it is doable to possess company administrators and shareholders also for additional adaptability.

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When you’ve just started your company, and it's still to reach income of much more than $2 million Hong Kong Bucks, it is usually recommended to make use of the Double-Tier tax procedure to get pleasure from lessen tax charges.

For your personal Hong Kong company’s corporate checking account, look at choosing a prime banking possibility. Especiallly if you intend to integrate with recognized payment gateways like PayPal and Stripe.