A Simple Key For hong kong company types Unveiled
A Simple Key For hong kong company types Unveiled
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The part in the CPA might be to verify the accounts on the company, and ascertain the assessable profits and taxes payable, if any. Generally they'd also complete the Revenue Tax Return, and submit these alongside one another with the Audit Report to The federal government.
Soon after finalizing your company title and entity, you’ll want to offer unique information according to the legal form issued from the Hong Kong government:
Actual physical Existence: When It's not at all essential to be physically present through the company registration process, some banks may involve your presence to open a bank account.
They produced what could have been a frightening process experience like a breeze. I'm so grateful for their support in turning my business goals into reality.
Also, the business registration certificate in Hong Kong is compliant with the updated rate regulations.
In advance of registering your business, you must choose its authorized framework. The commonest options in Hong Kong consist of:
Desired for businesses setup in Hong Kong, like LLCs or foreign companies, but not demanded for sole proprietors or partnerships.
As an illustration, a private limited company will have to conclude its identify with “Limited.” It’s important to note that in Hong Kong, “Ltd” isn't permissible; the term “Limited” has to be Utilized in its entirety.
The first step in setting up a company in Hong Kong is usually to incorporate it in accordance with the guidelines outlined within the Companies Ordinance.
Thus, Even though you opt to tackle the company formation independently, you are able to appoint Statrys as your company secretary to be certain everything stays heading in the right direction.
This information will present an summary of your business registration process in Hong Kong and reveal which businesses really need to sign up, the measures for registration, the way to renew, the expenses involved, and also the repercussions for non-compliance.
In case there isn’t any settlement following the expiry date, the penalty rate of HKD 300 might be billed for the customer. Furthermore, there isn’t any relief coverage During this where the basic renewal payment is HKD two,a hundred and fifty per year.
Even perhaps much more critical is the fact that you're going to wrestle to file your tax returns without a singular Business Identifier. Failing to pay the appropriate volume of corporate tax can also be a significant compliance breach.
In case you employ us for our services, Startupr Visit this Website would manage the renewal in the company secretary as well as business registered address package alongside with the business registration certificate.