Hong Kong is the world's first administrative region by the number of registered offshore businesses. The financial center of China is attractive for business as well because it is not offshore in the territory of our state, i.e. it is not included in the list of offshore zones. However, before company registration Hong Kong, you should consider that:
The client needs to provide 3 variant names of the company. We will check the availability of these variants for registration and offer free options for the final choice. If all three names are filled, we will ask for additional ones. Three names provision isn't a mandatory requirement, but will speed up the verification process.
The client needs to prepare personal documents for company registration. Preparation can be carried out in parallel with the first stage. The exact list of documents depends on the characteristics of the future company. Usually, a copy of the passport and confirmation of the address of the company's participants should be provided.
A package of documents is formed for submission to the Register based on the data provided by the client.
The collected package of documents is submitted to the Register. After that, the documents are processed by the registrar and the company is entered into the Register database.
After entering the company into the Register, you can see its registration data in it and if necessary order paper versions of the statutory documents with or without certification. The specialists of our company will help you with all the necessary certification (notarization, apostille) and translations into other languages, if necessary.
To open a company in Hong Kong, you should prepare:
The time it may take to incorporate companies in Hong Kong depends on the form chosen:
Hong Kong company registration is attractive because here, the business is not subject to taxation if it does not make a profit from this administrative region. If a company is not physically present in Hong Kong and is only registered, it is considered offshore.
A registered company in Hong Kong is obliged to pay:
If the company opens a bank account in Hong Kong, it is automatically considered a resident, i. e. a legal entity liable to pay taxes. There is a two-tier progressive tax scale:
In any case, if company incorporation in Hong Kong is successful, the local tax office makes the final decision on the form of taxation, which acts based on the company report.
There are several recommendations on how to successfully avoid taxation:
The most common are Limited Liability Companies or Private Company Limited by Shares.
When planning to register a company in Hong Kong, keep in mind that the main information about the organization is openly published in the relevant registry. In addition, as of 2018, any company is required to keep a register of beneficiaries and have a Designated Representative (DR) responsible for:
In Hong Kong, there are strict rules concerning the keeping of financial records. All information generated must be kept for at least 7 years, a declaration must be filed every year, and the following documents must be provided:
To get an exemption from paying taxes in Hong Kong, you should open an account outside of its territory. You can open an account in banks in European or Island countries.
Another option is to register an account with a payment system, which is easier and quicker.
For those who are planning to set up a company in Hong Kong, the cost of the service is one of the decisive factors in this endeavor. By contacting our specialists, you will get a detailed plan of company registration Hong Kong, taking into account:
Remember that the legislation of Hong Kong is periodically amended, and the working procedures of the banks, legal entities, and other subjects involved in the implementation of your goal change from time to time.
Today, the United Arab Emirates offers a wide range of business opportunities for business people. The country provides three organizational-legal forms that have their advantages and disadvantages. At the same time, business registration in UAE can be the best option for entrepreneurs who want to obtain a residence permit in this state. To do this, it is enough to open a company of a certain type and apply for a residency visa.
One of the best options for people wishing to open a company in Europe is to start a business in Hungary. Has about 70 agreements on the avoidance of double taxation. The popularity of starting a business in Hungary is due to the low corporate tax, the central location in Europe, and the developed economic infrastructure.
Frequently Asked Questions:
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