Tax Efficiency: Advantages from minimal corporate tax prices plus the likely exemption of taxes on foreign revenue.

Compared with A non-public constrained company, a sole proprietorship doesn't deliver defense for personal assets or minimal legal responsibility for its owner. Sole proprietorships typically encounter issues in boosting capital and increasing their enterprise, as investors in many cases are unwilling to engage with unincorporated entities. As a result, we suggest from business people employing sole proprietorship as a business entity for conducting their small business.

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Some particular goods for import and export need further more registration. Be sure to reference the web site on the Trade and Market Division for further details. It's possible you'll obtain added data linked to the licensing of other businesses, which include those beyond imports and exports, listed here. ⁶

It truly is advisable to engage a professional expert services firm or a certified company secretary to ensure compliance with these obligations.

The Hong Kong govt will send out 2 – 4 letters towards your Digital deal with / registered enterprise address per annum. These letters Use a timeframe to reply along with a late fee will incur if a person won't reply prior to the deadline.

Conducting a radical name research and contemplating vital aspects when brainstorming identify Tips is important. Be certain that the name is first and doesn't infringe on intellectual residence rights.

facilitate entity identification in the worldwide money process, funds markets and private sector.

Obtain InCorp Hong company formation made simple Kong’s area group of business experts for bespoke accounting and enterprise options that simplify your operations and improve growth potential.

Hong Kong adopts a territorial resource theory of taxation. To put it differently, offshore income are usually not taxable by the Hong Kong local authority.

Have you been a international entrepreneur looking to ascertain a company in Hong Kong? In today's worldwide financial system, this bustling town is among the leading options for enterprise expansion and Global trade.

Sure. If you end up picking to fly over to HK and meet with bankers in person, you have to make an appointment beforehand. Most banks demand seven times upfront see in recent times.

Our proprietary Company Useful resource Organizing (ERP) program seamlessly integrates the incorporation system and ongoing compliance issues. Aided by information technological know-how, our expert services are don't just swift and in depth, it is also affordable.

Hong Kong boasts a number of the cheapest tax premiums in the world, with corporate tax established to succeed in a mere sixteen.five% by the top of 2024.¹ Tax prices are variable, and you may constantly Verify what the speed is in a specified time with an easy Google look for.