Hong Kong Company Registration
Hong Kong，an international metro, provides national and international investors with abundant information ,free trading port and good infrastructure . It has been one of the most ideal places in the world to set up companies. Different kinds of companies are located in Hong Kong, enjoying the advantages provided. Therefore, if investors establish their own companies in Hong Kong , they will not only improve the image of the company, but also the competitive ability of the whole organization.
A. Outstanding Advantages of Starting a Company in Hong Kong
1. Sound legal system
2.Gaining international credit by making use of Hong Kong's reputation
3.Multiple financing channels
4.With no foreign exchange controls, funds can be circulated freely; foreign currencies can be exchanged and transferred as needed, and credit operations can be handled conveniently and quickly
5.No limitation on business scope and simple follow-up service
6.A simplified tax system which generally just levies a profits tax at the tax rate of 16.5%, without business tax and value-added tax. Tax needs to be declared just once per year
B. Basic Requirements for Hong Kong Company Setup
1.Director and shareholder: At least one shareholder, one director and one secretary are needed for a Hong Kong limited company. Any natural person who wants to register a Hong Kong company must be over 18 years old. Shareholder could also be acted by a legal person, as far as corporate structure is concerned.;
2. Legal secretary: a statutory secretary should be acted by a Hong Kong natural or legal person for and on behalf of the company to ensure compliance with ongoing legal returns, accounts, audit and other requirements. (ATOZ will prepare it for you if necessary.)
3. Legal registered address: It should be Hong Kong local address. (ATOZwill prepare it for you if necessary.)
4. Registered capital: The normal capital for Hong Kong company registration is 10,000 HKD without checking, but you need to pay 1/1000 tax for the registration.
C. Documents Required for Company Corporation in Hong Kong
1. An application form filled personally
2. Copy of valid passports
3. The whole set of statutory documents signed personally
If necessary, ATOZ will offer you the registered address and legal secretary.
D. Setup Process of Hong Kong Company
1.Fill out an application form
3.Sign statutory documents personally
4.Forward the documents to the Hong Kong relevant government departments immediately
5.Finish within 7-15 working days
6.Collect the documents at the designated office within three months.
E. Accounting Services: Booking, Auditing, Tax Layout and Tax Return
If a company has business running within Hong Kong, account book should be well kept monthly for an annual audit before you carry on a tax return to the Inland Revenue. ATOZ can arrange bookkeeping and auditing for you in time of need if necessary. Every company is required to finish tax return annually. Submission of “nil” profit tax return without auditor’s report and financial statement would be accepted for the companies without business operation. ATOZ can not only make your accounts well kept, but also makes financial analysis to the previous years and budge report to your future development.
Many economic experts from China and abroad have placed Hong Kong as the most ideal place of investment in the world. More opportunities are provided for investors to set up companies in Hong Kong. Also professional suggestions can be offered by experienced consulting groups. ATOZ is a professional group experienced in HK Company set up and many other business services.