Register Hong Kong Company| Hong Kong Company advantages:

the advantages of setting up a Hong Kong Company

Hong Kong companies are incorporated pursuant to and governed by the Hong Kong Companies Ordinance. Most companies are private companies limited by shares. Unlimited companies and companies limited by guarantee may also be incorporated. The TrustNet Group can provide Hong Kong companies incorporated specifically to client instructions. Alternatively shelf companies are immediately available and can be restructured as directed. Following are some requirements for Hong Kong companies:
A. Flexible companies'names

In Hong Kong, we are free to make a choice of companies'names, if not registered before. But you are advised to choose the name of your company carefully. It is very important that you portray the image you want for your new company. You are also required to avoid using any company name which may be too similar to any existing company or trademark. A company name can be in English, in Chinese, or both. In cases where the liability of members is limited，whether limited by shares or guarantee, the name must end with “Limited”. A proposed company name cannot be the same as any of the existing name registered at the Companies Registry.
B.Share capital and directors
There is no minimum share capital requirement. Share capital can be denominated in currencies other than Hong Kong dollars and multiple currency share capital is permitted. Separate classes of shares with different rights to dividends and in different currencies are permitted. A minimum of two shareholders is permitted.
Companies may have only one director. It is not necessary that any of the directors be resident in Hong Kong. The directors may be corporate. Particulars of the directors and secretary must be filed with the Registrar.
C.Low & Predictable Taxes in Hong Kong

Hong Kong taxes are among the lowest in the world, and our tax regime is simple and predictable. Profits tax payable by local and foreign companies is equally low 17.5 percent. The actual tax bill is even less after various deductions and depreciation allowances.
There is no capital gains tax in Hong Kong. Furthermore, there is no withholding tax on dividends and interest and no collection of social security benefit.

Salaries tax is also very low at only 16 percent imposed on all salary income of individuals derived in or from Hong Kong. The salaries tax is demanded on a yearly basis and can be paid in two installments, usually between December and March.

The property tax (15%) applies to owners of land or buildings situated in Hong Kong. Again this is low 16 percent (for 2004/5) of the rental income from the land or buildings and an allowance of 20 percent is permitted for repairs and maintenance.
There is no sales tax or VAT in Hong Kong. The limited tax base, combined with exceptionally low tax rates, makes Hong Kong’s tax incidence much lower than in virtually all other developed economies.

The financial industry
From early in its history, the excellent harbor and geographical location of Hong Kong made it a focal point for international trade. Today it has a developed financial and trade infrastructure with a sophisticated banking and financial services industry. This infrastructure, a low tax rate, no exchange control and a continued commitment to minimum government regulation are the ingredients which have made Hong Kong the financial center of the Pacific and Far East.

Registration conditions
1. Secretary
There must be a secretary resident in Hong Kong. The secretary may be an individual or a corporation but not a sole director.
2. Registered Office Address
Every company must have a registered office in Hong Kong.
If you can’t provide above ,so we can provide the services for you to establish the hongkong company.
3. No less one shareholder and director of above 18 years old .

At FRC Secretarial Services provide all kinds of administrative and secretarial services in Hong Kong virtually to help you run a Hongkong company smoothly and economically on the way to your business success.

Register procedure
1. Provide your company name , passport no and your address to register .;
2. Pay the charges and Sign the document ;
3. Take the completed documents 8 working days later;
4. Open the a/c in Hongkong or China by our assistant.

HongKong company Annual report
1. Company Registry:
Hand in annual report every year
2. Inland Revenue
A.You must renew your Business registration certificate of the Inland Revenue
B.Hand in Audit report;
C.You must report whether your company employ the employer.If the company don't do business in Hongkong ,we suggest you report no employer of the company in Hongkong.
3. Secretary service ,we will provide the secretary and address for your company .

About HK company taxation service :
A. No operation company taxation means that the company never begain business in hongkong, you can choose to report the dormant
B. If your company have do business in hongkong , you must hand in the audit report to tax bereau.

Remarks:
Hong Kong Tax bereau will not authorize three years no taxation, so please alert some companies, three years not hand in tax, leave trouble to the enterprise.
If you intent to borrow from the banks, finanicing, buying and selling lands, investment and others that reflect the operation of company, you have to hand in the audit report.
It is a necessary to arrange the taxation of Hong Kong company reasonable and legally.

Contact information by our head office:
Address:21A,21/F., Zhongqiao Building, Xianlie Road M., Guangzhou, China
Tel:86-20-87323100 22370018(24 hour hot line) Fax:86-20-87320533 87327969

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