Restricted Company (by assure): Guarantee members On this company established-up are usually not shareholders generating financial commitment. Rather, they agree to contribute a predetermined sum to address the company’s liabilities In case the company closes.

It’s vital to register for these licenses or permits in 1 month of establishing your company. The process ordinarily takes involving 2 to eight months from the registration day.

IRD means Inland Revenue Division, which happens to be the Hong Kong federal government’s tax authority. It is actually liable for accumulating a variety of taxes, which includes profits tax, property tax, and stamp duty.

Together with doc submission, you'll need to pay for the relevant authorities fees. These costs are usually compensated yearly, nonetheless it's vital to continue to be updated on any adjustments created by the HK govt about charge structures.

It really is a good idea to engage an expert services agency or a certified company secretary to ensure compliance with these obligations.

When business people strategy for an offshore business enterprise, they often decide to register a company in Hong Kong. Not only is Hong Kong a straightforward gateway to enter into China market, offshore revenue is just not taxable via the Hong Kong authority. Nonetheless, registering a company in Hong Kong can often be difficult and time-consuming Particularly You will need to perform a comprehensive exploration to be familiar with the nearby rules and prerequisite.

The registrability of register company Hong Kong the company title can only be confirmed just after the applying for incorporation is processed by the Companies Registry. If the proposed company name(s) is/are incorrect or can not be registered, the application could possibly be rejected plus the lodgement price paid will not be refunded.

Submitting an application of company incorporation is simple and entails two elements: the company incorporation along with the small business registration. These manifest at the same time, which part will depth the methods affiliated with company incorporation. There's two different ways to go about it:⁴

The selected consultant performs a crucial purpose in making certain compliance While using the reasonably new law on specified agent and SCR, which came into influence in 2018. By possessing a specified representative, the company can be certain that this statutory requirement is fulfilled by pros.

Delivery of yearly return by a community company or simply a assure company in respect on the company’s economic calendar year that commences on or immediately after three March 2014 should comply with the new specifications under the new Organizations Ordinance (Cap.

As one of several freest economies, Hong Kong accepts almost all legal organization classes. The flexibility extends to funds transfer and currency Trade, allowing for seamless transactions across all small business kinds.

Probable for Dependence: Though their know-how is a must have to begin with, intention to build your knowing to lessen reliance on them for future administrative responsibilities.

The brand new Firms Ordinance simplifies the mode of execution of files by organizations. The maintaining and usage of widespread seal is now optional.

Company limited by shares - the liability of users is proscribed through the content of association to the amount unpaid about the shares respectively held by them.