OVERVIEW ABOUT HONGKONG
Hong Kong, as a metropolis of opportunity, originality and enterprising spirit, has been appraised by Forbes as the freest trade area globally for 10 consecutive years. As an international financial center, Hong Kong is favored by worldwide investors due to its established legal system, simplified taxation system, low taxation rate, well-equipped infrastructure and communication facilities, and high quality professionals. Hong Kong offers unlimited business opportunities, and serves as a platform to global economy and commerce, whose advantages are well known, so tens of thousands of international businesses benefit from their establishment in Hong Kong.
FLEXIBLE COMPANY’S NAME
In HONGKONG we are free to make a choice of companies’ names, if not registered before. The Government allows a company name contains international, groups, holding, Industries, investment, publishing, logistics, construction, tourism, finance, college, health care, centers, research institution, and so on; in addition ,We can put the place name which we like, such as: France, the United States, China, and Hong Kong, Shanghai, etc.; But you are advised to choose the name of your company carefully. It is very important that you portray the image you want for your new company. You are also required to avoid using any company name which may be too similar to any existing company or trademark. A company name can be in English, in Chinese, or both. In cases where the liability of members is limited, whether limited by shares or guarantee, the name must end with “Limited”. A proposed company name cannot be the same as any of the existing name registered at the Companies Registry.
One of the most exciting events covered in the formation of a HONGKONG company is the free business scope. Business scope is not really defined by the government for the businesses you carry on in Hong Kong. If we finish business registration, we can involve in any sectors we want. Generally speaking, business scope is not really limited in HONGKONG.
REGISTERED AND PAID-UP CAPITAL
For a HONGKONG limited company, the minimum registered capital is HKD10, 000(about USD1, 200). The government will levy 0.1% tax if the registered capital surpasses HKD10, 000. The board of a company has a final say about paid-up capital. You don’t have to pay up your capital at the time the company is formatted.
If we want to incorporate a limited company in HONGKONG, we are required to offer:
※ Passports of one or more shareholders at age of 18 or above;
※ Registered capital: HKD10,000. Paid-up capital is not required.
※ A registered address, which is usually provided by CHANLY.
※A legal secretary, which is usually acted by CHANLY, who will deal with the government documents on behalf of you.
At CHANLY, we are able to prepare all the application forms and relevant documents and take care of all the procedures for you.
※ Certificate of incorporation;
※ Business license;
※ 16 copies of memorandum and articles of association of the company;
※ Share book;
※ Statutory book;
※ Three pieces of chops;
※ A set of company registration documents
※ A certification of authorization
※ A nice green box
※ Register address,tel,fax for one year;be legal secretary for one year and collect all the Government’s letter.
Any limited companies in HONGKONG should carry on annual return to the Company Registry and the Inland Revenue Department. This return is mandatory and different from the tax return processing. The annual cost for doing so is about RMB4500 including CHANLY’s annual service fee.
BOOKKEEPING, AUDITING& TAX REPORT
Every company is required to record the company’s accounts accurately and keep the books more than 7 years, to appoint a Certified Public Accountant to audit the account books before an audit report is prepared and filed with the HONGKONG Inland Revenue Department, who must be qualified by virtue of the Hong Kong Professional Accountants Ordinance and completely independent of the company.
There are several distinctive features of the Hong Kong tax system. The tax for registered capital is 0.1%. You can increase the volume of the capital as freely as required. There is no capital gains tax and dividend income tax. The standard corporate profit tax rate of 16.5%, while the unlimited company’s profit tax rate is only 16%, it is relatively low compared with the other developed countries. In Hong Kong, any enterprises are required to have a financial report annually to the Inland Revenue Department. More details about the tax information are available upon request of our valued customers.
HOW TO BEGIN
You can begin your application by simply downloading and filling in the application form, and send it to us or by E-mail at CHANLY@GMAIL.COM. When we receive your request, we’ll send you a confirmation letter for your final decision. At this time you may pay 50% deposit, so as that we can go ahead with the processing of your application.
Registration of A Branch Company in Hong Kong
Prerequisite: A limited company is registered in Hong Kong The business nature of the branch shall be the same with that of the parent company; name search is not required for unlimited companies, which are distinguished by the registered address.
Form: The branch company is an unlimited company, but the parent company is a limited company. It has poor independence and low cost of establishment; a branch company is owned by its parent company.
Process: signing of the agreement—》payment of deposit —》 signing of documents —》officially established —》completed within three working days;
Documents: business registration certificate, stamp and and signature seal of the head company.
Buy a Ready-Made Company in Hong Kong
Shell companies are widely used in most countries, such as Hong Kong, Singapore, the United Kingdom, the United States and the Cayman Islands, etc., with no risk in most cases. Generally, no director is appointed in a ready-made company before sale, and the company has no authority to run business, so there is no potential risk. Moreover, before customer purchases a shell company, the consulting services agency will issue a letter of guarantee to prove that the company has no business activity before the share transfer; and the consulting services agency also guarantee to be responsible for all issues before the date of transfer. Therefore, customers no need worry about any potential liability.
TEL: +86 02083652006
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