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Basic Elements for Hong Kong Company Formation

Update Date:2023-2-8 17:42:37     Source:www.3737580.com     Views:288

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With the advantages of international metropolis, many people choose to setup a company in Hong Kong to expand their business to overseas. Before setting up your business in Hong Kong, you may have a quick look on the basic requirements on a Hong Kong company.
 

Advantages of Hong Kong company:
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 8.25% if within 2 million; If above 2 million, 16.5%, without business tax and value-added tax. Tax needs to be declared just once per year.

Required elements for company setup in Hong Kong:

1. Passport copies of shareholders & legal person(any natural person above 18 years old)
2. Business scope(within 60 English letters including punctuation or within 30 Chinese characters including punctuation);
3. Registered capital (no limit and will not be shown on the license, usually suggest 10000 HKD);
4. Company name(can be English or Chinese or both Chinese & English,ending with Limited);
5. Address proof  for the latest 3 months(can be your credit card bill/ phone bill, etc. in your country);
6. Register address(we can provide)
 

Simple Follow-up Service:
For Hong Kong company, annually only the annual return and Tax and Accounting  is required:

1. Annual Return
According to the laws of Hong Kong, Hong Kong company should conduct annual return with both the Hong Kong Companies Registry and Inland Revenue department to apply for and obtain a new year's business registration certificate in order to keep the company operates legally.

2. Tax and Accounting
Hong Kong Companies Ordinance requires all Hong Kong incorporated companies and registered entities to maintain proper books of accounts and to comply with annual audit and tax filing requirements. Hong Kong’s financial reporting standards emulate the International Financial Reporting Standards (IFRS).
 

Why choose ATAHK?
1. We are direct registrars;
2. We have own accounting company in Hong Kong---ATAHK and Secretary company to offer you professional maintenance in Hong Kong
2. Have office and warehouse in Hong Kong
3. Legal address is located in a new prestigious building in the city center(not a msss address)
 

Contact Us
Founded in 1999 in Hong Kong. ATAHK has served millions clients worldwide with their Hong Kong business. We can provide you the one-stop service including company formation, annual return, accounting and taxation, warehousing & logistics(we have warehouse in Hong Kong), Hong Kong bank account opening, trademark and barcode registration, web design etc. Should you need any service of this, please feel free to contact Selina Wu by 86-755-82143023 or email to selinawu@citilinkia.com.

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