Incorporation services For Off-Shore Company Registration Formation in Hong Kong
Hong Kong is a former British Overseas Territory, which became a Special Administrative Region of the People’s Republic of China with effect from 1 July 1997. Hong Kong continues to have high autonomy in the running of its affairs under a ‘one country, two systems’ policy. Hong Kong remains a relative powerhouse in world trade. Despite its comparatively small population of over seven million, it is one of the top 20 trading economies, the world’s third largest financial centre and vies with Singapore as the largest container port by volume. Hong Kong remains the most significant gateway into southern China.
Law and Taxation
Hong Kong’s corporate law is strongly based on British common law. Local businesses are regulated and Hong Kong regards itself as a low tax centre rather than a tax haven. Taxes are levied on profits, salaries and property with varying rates. Estate duty was completely abolished on 11 February 2006. Only profits derived in Hong Kong are assessable for taxation and genuine offshore transactions are not subject to Hong Kong tax, although the Inland Revenue Department (IRD) is diligent in determining onshore and offshore profits. Due to Hong Kong’s role as a major trading and entry point to mainland China and Asia, the bulk of companies formed in Hong Kong are for trading purposes
Chinese names are permitted and can be included on a company’s Certificate of Incorporation. Each Hong Kong company must have a local secretary and a local registered office, which must be a physical address (a post office box is not acceptable). Each company must have at least one director, and corporate directors are permitted for companies that are not subsidiaries of public listed corporations. Every private company is required to have at least one director who is a natural person. The company should have at least one shareholder. Details of the company’s directors, shareholders, and secretary must be filed at the Companies Registry and are on public record. Each year, the company must submit an annual return. The Companies Registry is increasingly vigilant in relation to annual return submissions, and penalties apply for late filings. All companies must renew their business registration with the IRD annually and are required to file a set of audited accounts with the IRD annually.
There are more than one million companies incorporated in Hong Kong. With implementation of the Integrated Companies Registry Information System (ICRIS) on 28 February 2005, the new Companies Registry Electronic Search Services became available for checking company information. Numerous banks, stockbrokers, and finance houses, as well as all the major international legal and accounting firms, are present in Hong Kong. Hong Kong is also well served by local secretarial, corporate management, and trust companies, and has an efficient modern and dynamic banking system designed to assist the international business community.
Starting from 21 February 2011, the Companies Registry or Companies Formation and the IRD jointly launched a one-stop company and business registration service. Any person who submits an incorporation form for a local company or an application form for registration or formation of a non-Hong Kong company at the Companies Registry or formation will be deemed to make a business registration or company formation at the same time.
We can incorporate a company with your choice of name and can check the availability of names in advance. All companies are provided with a complete company kit, including share certificates, 5 copies of the Articles of Association, statutory registers, company chops, and a common seal. In addition, we can assist you in obtaining Certificates of Continuing Registration, as well as other relevant post-incorporation services.
i. Company Formation Services Hong Kong
ii. Off Shore Company Incorporation Services
iii. Company Registration Services
Steps Involved in Company Formation, Registration & Incorporation in Hong Kong
A Consulting company in Hong Kong is always a well-established one and has great facilities such as Company registration, formation, incorporation services in Hong Kong because many businesses run in that company. Discover your specific requirements for starting a company, whether domestic or international, or whether the online Hong Kong Company Formation, Incorporation or registration is small or big
The steps for company formation, incorporation & Registration in Hong Kong as a private limited company are discussed
- Select the company name: Firstly, you need to get the company name approved and registered from the respective department. Company registration, formation, incorporation in Hong Kong is very important as without registration, your company will not be considered legal.
- Arranging the office: This is very necessary for a company in Hong Kong to have a registered office and a Company Secretary that provides company formation, registration, incorporation services in Hong Kong. They can even use the virtual office as it is also preferred by some companies.
- Registration file of or for the company: It will be having all documents of the company. Together with the registration form, these will be submitted to Hong Kong Company Registry
Acquire Hong Kong company incorporation, formation, registration services
A firm that is being recently incorporated requires immense planning and has to undergo several complicated procedures and stages that are responsible for constructing a sound business formation. Earlier, all the companies were formed simply yon a paper, but nowadays most of the process for Company Formation Hong Kong Incorporation or registration takes place through the internet. When you get complete knowledge about all these parameters, you are all set up for your company formation incorporation and registration in Hong Kong.
So, getting a Hong Kong Company Incorporation Formation registration comes with a set of benefits like a superb tax system, flexible immigration policies, and ease of doing business, transparent government policies, top-notch infrastructure, fine quality of life and so much more. Company registration, incorporation, formation in Hong Kong is not so difficult.
You can set up a proper company design that is needed with any Hong Kong Company Incorporation formation registration and allow you to establish a well-planned business. Hong Kong company incorporation formation registration provides you an option to set up your business as S Corporation, C Corporation, or an LLC. Hong Kong company formation incorporation registration is a task that can easily be done if you go along with proper planning. We at Sage off Shore help the people set up their business in Hong Kong in a simplified manner.
Company incorporation is not always a difficult and expensive experience for business owners. With accurate help, assistance and guidance from reputed Hong Kong Company Formation, Incorporation, registration ; you can have your new business set up and running without wasting your money, time and energy. Rather than doing it on your own, connect with Sage Management Consultants as they have been helping numerous business to set up and make their positive presence in the respective industries. We are offering budget-friendly services so you don’t have to burn a hole in your pocket while employing our effective services for Company Registration Hong Kong, Formation, Incorporation.