Introduction
【Overview】
The full name of Hong Kong is the Hong Kong Special Administrative Region (HKSAR) of the people's Republic of China. It is located in the south of China, bordering Shenzhen, China and separated by only one river from Macao, China. Its total area is about 1100 square kilometers, mainly including Hong Kong Island, Kowloon Peninsula and the new territories. As of 2008, there were about seven million people. On July 1, 1997, the people's Republic of China resumed the exercise of sovereignty over Hong Kong and implemented "one country, two systems" in Hong Kong.
【Economy】
Hong Kong (Hong Kong) has maintained its original economic operation mode after its return to China. It is known for free trade, low tax rate and less government intervention. It has been rated as the world's freest economic system by international famous rating agencies and organizations for many years, and it is the world's largest free trade port. Hong Kong (Hong Kong) does not impose tariffs on other imported goods except cigarettes, spirits and fuel for power (gasoline, diesel, etc.). HongKong (Hong Kong) operates its own mature financial and financial system. The banking industry on the island is very developed. There are branches of local banks and banks all over the world. It is regarded as the third largest financial center in the world. Hong Kong (Hong Kong) is also relatively strong in world trade. For example, it is the world's largest container port in terms of freight volume.
【Legal system】
The basic law of the Hong Kong Special Administrative Region stipulates that the Hong Kong Special Administrative Region is a local administrative region of China that enjoys autonomy and is directly under the Chinese people's government. The Chinese government is responsible for the management of foreign affairs related to the HKSAR and the defense of the HKSAR. The HKSAR government has the power of autonomy, administration, legislation, judicature and final adjudication conferred by the National People's Congress. In addition, Hong Kong (Hong Kong) has an independent monetary system, issuing and circulating its own currency "Hong Kong dollar".
【Tax】
Hong Kong (Hong Kong) tax system regulations are very clear. Hong Kong (Hong Kong) takes the region as the basis for tax collection, and only taxes the profits and income from Hong Kong (Hong Kong), without value-added tax and business tax. Therefore, even if the management and control of the company are in Hong Kong, Hong Kong companies can generally avoid local tax liabilities and operate as tax-free entities. However, caution should be exercised in establishing profitable business relationships to ensure that Hong Kong profits tax is not payable. Profits tax is levied at 17.5% of the net profit on the profits generated from the operation of the enterprise only in Hongkong (Hong Kong), which is almost the lowest in the world. Enterprises do not make profits and do not pay taxes. The main direct taxes of HongKong (Hong Kong) are profits tax (corporate income tax), salaries tax (individual income tax) and property tax. The Inland Revenue Department is responsible for the tax affairs of Hong Kong (Hong Kong). The Inland Revenue Department sends out tax payment notices every year. Data such as profits tax and salaries tax must be submitted by itself before the specified time limit. The above tax only needs to be reported once a year.
Registration policy
Information required to form a company:
- Company name (English and Chinese can be included): we need at least 3 alternative names in order to investigate whether there is a duplicate name in the registry
- A copy of passport or ID card of directors and shareholders of the company, at least one person, over 18 years old
- We can provide samples of credit certificate or recommendation letter from customers
Process：
- Fill in form M - new customer registration form and provide credit certificate or customer recommendation letter (original required)
- Fill in form e - company registration application form, and the selected company name can be confirmed within 1 working day
- Sign the disclaimer (original required)
- Confirm the required services (secretarial services, bank account opening, appointment of directors, etc.)
- Pre sign relevant documents after confirming the company name, directors and shareholders
- Complete all registration work within 18 working days, and express a full set of company documents to customers
Registered capital:
The standard registered capital is HK $10000, divided into 10000 shares of HK $1 each
- The company law of Hong Kong stipulates that the registered capital of a limited company shall start from HK $10000. If you want to increase the registered capital, you can increase the registered capital at any time and pay 1 ‰ of the capital stock to the government according to the amount of the registered capital
Standard company documents:
- Certificate of incorporation
- Company business registration certificate
- Letter of appointment of the first secretary and director of the company
- Registered address of the company in Hong Kong
- 14 articles of association, 1 share of the company
- Company seal
- One minute book of the company's board of directors and one hardcover document box
- One set of original shareholder registration data D1, D3 and RI
Other information
- The company can be owned by one person because the existence of the company does not require the exact number of shareholders;
- Directors are not necessarily shareholders of the company. They can be natural persons or corporate legal persons of any nationality;
- The registered capital of the company need not be paid on the date of incorporation. In fact, a company still exists legally until it needs and does not need to be endowed with assets;
- If the place of registration changes the international company law and increases government taxes or other fees charged by the government registry, the increase shall be borne by the customer;
- The Hong Kong government lowered the fees for business registration certificates from April 1, 2008 to March 31, 2009. During this period, customers who register and pay annual fees can enjoy this discount. The price will be adjusted back after March 31, 2009;
- If you choose a registered company, the full set of company information can be completed within 10 working days
Annual inspection of the company
The annual inspection fee for the second year shall be paid before the date of establishment of the company;
The business registration certificate shall be subject to annual inspection and tax declaration every year. This service shall be charged according to the specific business volume; If it is a tax-free declaration, it is included in the maintenance cost of the year.