The process of setting up a new company in Hong Kong can be a little bit overwhelming. Startupr is here to help you and smooth out the incorporation process for you.
If you would like to set up a Hong Kong Limited company and open a bank account, below you will find answers to most commonly asked questions: Basic Bank Accounts Overview If you are Individual Person Hong Kong Limited Company Overseas Limited Company (e.g. Samoa, Seychelles, Belize) Type of account Personal bank account Corporate bank…
Off all the decisions you make when incorporating a company in Hong Kong, the most important once relates to taxes. After reading this article, you will better understand how the process of Completion of Profits Tax Return (“PTR”) and its submission to Inland Revenue Department (“IRD”), Hong Kong Tax Authority, works.
It’s no secret that banks are selective in their choice of clients. They are paying very close attention to Anti-Money Laundering (AML), Know Your Clients (KYC) and performs strict due diligence. If the presented documents don’t meet the bank’s criteria, it lowers the chances of getting the bank account opened.
The Mandatory Provident Fund Schemes Ordinance (the “Ordinance”) covers employees and self-employed persons aged 18 to aged below 65, except for exempt persons stipulated in the Ordinance. One category of exempt persons is overseas employees who need a visa for the purposes of employment in Hong Kong.
Read an explanation of how to gain offshore status for Hong Kong Limited company. We demonstrate the offshore principles on a Hong Kong Limited company which was registered on the 11th of October 2013.
Here is a case study when the company was incorporated on July 13th, 2013 – check what the Inland Revenue Department requires (IRD) once you company is in due to file the Tax Return (“PTR”).
If you have a Hong Kong Limited company and your company did not commence business in Hong Kong, you do not need to pay tax in Hong Kong. However, your company will have to file the first profits tax return as regular before applying for tax exemption status, i.e. 0%…