We’ve listed the important things you’ll need to start a business in Hong Kong below for your convenience:
Requirements:
Application for incorporation Name of the business All directors and owners with 25% or more shares must have a passport. Non-Hong Kong residents must provide proof of their overseas residence. Certificate of business registration
Taxation:
Corporate tax is the only tax a business must pay to the government. On assessable profits up to 2 million HKD, the corporate tax rate is 8.25 percent, and on earnings exceeding 2 million HKD, the rate is 16.5 percent.
Procedure:
The service providers evaluate if the client’s selected company name is available and recommend alternatives if the preferred title is already taken. They next request the appropriate documents and do the necessary checks before submitting them to the government for approval. They will assist the customer in opening a business bank account once the application has been granted.
Please keep in mind that processing times may vary based on the service provider chosen by the entrepreneur.
If you require assistance in establishing your business and to register company in Hong Kong, AsiaBC is one of the best solutions available. To learn more about the services we provide, please visit our website: https://asiabc.co/services/company-registration/hk-with-fintech-account/
