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How To Start A Business In Hong Kong
This article aims to help you understand some of the many things you need to think about when you are starting and running a low-tax business. Our company is designed to provide information and guidance in starting and developing foreign business within the Hong Kong. Allow us to help you establish your company and get it running, to select the best business for incorporation, or to register your company with the Hong Kong Companies Registrar.
Reasons to Choose Hong Kong for Incorporation
Hong Kong is an International Finance Centre. There are numerous branches of major international banks in Hong Kong. Most of these banks are reliable and have numerous branches all over the world.Hong Kong has a simple tax system and is with the lowest tax rate in the world. Hong Kong has no exchange control.
Hong Kong Renting an Office and Business Premises Guide
Renting an office or business premises is a big step for business. Finding the right place is important and yet a complicated process, some basic information about leasing property that need to consider: Permitted usage of the properties, Facility requirements for business, Size of the office premises, Location, Proximity to your target customers, Affordable rental range
Guide to Financial Services License (Except Banking Licence) in Hong Kong
Hong Kong’s financial services industry has seen unprecedented growth in recent years. As a result, Hong Kong has become a key financial services center in Asia. In Hong Kong, financial services are being regulated where intermediary required a valid license to perform such services. The regulated activities include securities dealing; futures dealing; leveraged foreign exchange trading;
Guide to Starting a Trading Company in Hong Kong
Once you have decided to setup a trading company in Hong Kong, you must first register a Hong Kong company and obtain a Certificate of Incorporation from the Hong Kong Companies Registry. Depending on the type of goods you intend to import or export, a valid import/export license must be obtained from the relevant government departments in Hong Kong.
Guide to Starting a Travel Agency in Hong Kong
In Hong Kong, the term “travel agency” refers to a company that arranges and organizes services related to travel and tours. In order to set up and operate a travel agency and offer travel or tour packages (including transportation services) in Hong Kong, you will need to apply for a “Travel Agent’s License”.
Guide to Registering an Offshore Company in Hong Kong
The most common reasons behind setting up an offshore company in Hong Kong are: (1) Ease of offshore company setup; (2) Tax benefits; (3) Political stability; (4) Trusted image; There are two options available for Hong Kong Offshore Company setup: (1) Registering a New Hong Kong Company; (2) Purchasing a Hong Kong Shelf Company
Hong Kong Company Incorporation Guide (9) - Opening Corporate Banking in Hong Kong for Hong Kong Company
There is no requirement for setting up a bank account in Hong Kong for a company incorporated in Hong Kong. Indeed, there is no restriction for setting up a bank account for a Hong Kong Company. It is the sole discretion of the company, more specifically, the powers of the director or board of directors of a Hong Kong company to decide whether to open a bank account, where to open the bank account and the number of bank accounts required.
Hong Kong Company Maintenance and Compliance Guide (12) Accounting and Auditing Requirements of a Hong Kong Company
In accordance with Section 380(4)(b) of the Hong Kong Companies Ordinance (the “CO”), a company’s director must prepare financial statements for a financial year in compliance with applicable accounting standards.Applicable accounting standards means statements of standard accounting practice issued or specified by the Hong Kong Institute of Certified Public Accountants (the “HKICPA”).
Hong Kong Company Maintenance and Compliance Guide (11) Keeping Proper Business Record
According to Section 373 of Companies Ordinances, a company must keep sufficient accounting records to show and explain the company’s transactions, and disclose with reasonable accuracy the company’s financial position and financial performance. In particular, the accounting records must contain daily entries of all sums of money received and expended by the company