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Company Secretary – It is mandatory to appoint a company secretary; whether it is someone, it needs to be a normal particular person residing in Hong Kong, and if it is a company, they have to Use a registered Office environment or a spot of business in Hong Kong. Be aware that for the company secretary, the only real director/shareholder are unable to also be the company secretary.
This information will supply an summary on the business registration procedure in Hong Kong and demonstrate which businesses must register, the steps for registration, how to resume, the fees included, and the repercussions for non-compliance.
Conversely, if a non-resident engaged in non-Hong Kong employment renders services in Hong Kong all through visits totalling much more than sixty days in a calendar year of evaluation, they will be taxed on a professional rata foundation.
Even so, as our Web page incorporates considerable multi-media contents, it really is not possible to incorporate all Degree AA accessibility demands in all of these. Even so, the multi-media contents are so Found as never to have an affect on the accessibility of significant contents in our Web site.
You are able to guide appointment for counter services on line For brand spanking new business registration, adjust of particulars, reissue of business registration renewal need Be aware and enquiries.
) and accessibility success that happen to be created to fulfill specifci wants, regardless if you are an employer, worker, payroll supervisor or simply evaluating the effect of tax rates and thresholds in Hong Kong and so forth. All the tax calculators on iCalculator™ HK are up-to-date with the latest Hong Kong tax tables which include tax prices to the 2024 tax yr.
Each staff and companies are required to make contributions on the MPF, which serves for a pension fund to provide fiscal stability for individuals within their retirement yrs.
The Business Registration Certification needs to be exhibited during the put of business of anyone or company buying and selling in Hong Kong.⁴ Your certificate can final for either one or three yrs, and would require renewal upon see this here expiry.⁵ A lot more on that later.
You might download a specimen of Licensed extracts of information within the business register for reference. The specimen is in PDF format.
This information would not represent information and no legal responsibility is recognized to recipients performing independently on its contents. The sights expressed are subject matter to alter.
The most typical form of business registered in Hong Kong is definitely the non-public limited liability company. The reason this kind of corporation is well-liked is due to the fact constrained legal responsibility corporations have an enduring framework, a strong community perception, constrained liability for its homeowners, plus a individual legal character for just about any make a difference. Also, the requirements and facts for Hong Kong Companies are very clear-cut.
You might need individual govt licences, permits, certificates and approvals to begin your business functions in Hong Kong. It is possible to attempt the Business Licence Information Company to accumulate online the varieties of licences you should work your business.
Deduct any pre-tax withholdings. Payroll taxes aren’t the only thing to exclude from staff members’ paychecks. Ensure that you deduct for things like wellbeing and retirement Rewards.