Starting a business in Hong Kong starts off with picking an acceptable name, offered in Chinese, English, or both, adhering to distinct linguistic and lawful suggestions. Make sure the identify isn't trademarked and look at registering it being a trademark for cover.
The corporate tax charges in Hong Kong are competitive as they follow a territorial principle technique that exempts tax For lots of revenue varieties earned beyond Hong Kong.
There are lots of different types of companies to build in Hong Kong, and While the most typical construction is A personal company minimal by shares, analyzing other established-ups is helpful.³
As a world financial and small business hub, Hong Kong provides a lot of benefits for firms on the lookout to establish a presence in Asia. On the other hand, with these Rewards appear ongoing compliance requirements that has to be fulfilled in order to sustain a company's authorized position. During this section, We'll examine the once-a-year submitting prerequisites, such as keeping accounts and Assembly residency necessities, and the importance of holding an annual common meeting.
Depending on the character of your enterprise activities, you might require to acquire particular licenses or permits. These can include things like such things as food items licenses, enjoyment licenses, import or export licenses, and a lot more. The necessities for these licenses will vary extensively according to your field and business enterprise things to do.
Inform: Shoppers should note that some incorporation brokers could tell you which the incorporation rate is ZERO and they will even pay The federal government service fees for yourself. We all know that there's no no cost lunch With this entire world, and these agents also require cash to outlive.
Some bankers may possibly request you for a business approach. We’ve examine a lot of company plans over time and plenty of foreigners will compose very in-depth breakdowns company formation made simple of the character of their small business, qualified customers, specific jurisdiction, and so on.
In Hong Kong, each and every company should have a share cash, although the jurisdiction features utmost overall flexibility In this particular regard:
The selected representative performs a vital role in guaranteeing compliance Together with the fairly new regulation on designated agent and SCR, which came into outcome in 2018. By getting a selected consultant, the company can make sure that this statutory need is fulfilled by specialists.
Shareholders is usually Hong Kong residents or non-citizens. Nominee shareholders are authorized, and it’s possible for the sole director to also act as a shareholder.
As an example, you might require to provide ample proof that the proposed business will develop Work opportunities for Hong Kong citizens. You will also be required to demonstrate that the proposed business enterprise will use local companies and suppliers and make use of the solutions of nearby services suppliers.
Strategic Area: Hong Kong's placement for a strong international money hub can make it a great launching pad for corporations seeking to enter the Asian market place.
The new Providers Ordinance simplifies the method of execution of files by corporations. The maintaining and usage of frequent seal has become optional.
Hong Kong boasts a number of the cheapest tax costs on the globe, with company tax established to succeed in a mere sixteen.five% by the tip of 2024.¹ Tax costs are variable, and you'll always Verify what the rate is at a given time with a simple Google look for.