No. Offshore company profit is not really taxable in Hong Kong. Should the company intends to say offshore status, the company shall guarantee it's got no clients, workers, or suppliers in Hong Kong.
Don’t involve private or money information like your Countrywide Insurance policies selection or credit card information.
Specified agent: Somebody authorised to act on behalf of your company. They have to be described as a Hong Kong resident or an accounting, authorized Expert, or licensed service service provider. Their facts really should be included in the numerous controller doc for ongoing compliance.
These ordinarily encompass duties for instance auditing financial records, filing revenue tax returns, and distributing once-a-year kinds to the MCA.
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Another structure will be the limited liability partnership or LLP, employed by pros who need confined liability, but aren't permitted to trade for a constrained company by their Skilled governing entire body.
Although LLP is the preferred small business structure, Representative Offices are simply offices that present the curiosity in the mum or dad entity inside the international region and do not perform any industrial/enterprise activity.
It really is essential to arrange these the right way and in time to prevent fines and penalties, but We'll do our best to be sure this does not transpire.
To call a basic meeting, Companies in Hong Kong desires to look at some simple rules According to part 571 of Organizations Ordinance. A typical Conference, other than an adjourned Conference, must be called by observe of not less than fourteen times. If it is in the situation of the AGM, the detect must be of at the least 21 days.
We are going to deliver information on Hong Kong tax rates and native allowances, so you can do enterprise in Hong Kong although additional hints remaining tax-compliant.
It really is required for all Hong Kong organizations to possess a local Company Secretary. This individual is chargeable for liaising with govt regulatory bodies when necessary and if there are actually any alterations inside your company composition. Learn more about our Corporate Secretary expert services.
For foreigners, they're able to go with our deluxe pack , that's built to cater the requires of our foreign clients with Intercontinental compatibility and cultural sensitivity.
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It is feasible to keep this information confidential. If you want To achieve this whenever you setup your company, you need to enlist an expert to appoint a corporate shareholder and nominee individual director.
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