The part of the director is to handle and supervise the affairs of your company. They ought to act inside the company’s best desire and be sure that the company remains compliant. A director will not need to be utilized or paid through the company.

in Hong Kong. When our assist simplifies the process, it’s important to meticulously review the crucial actions for setting up businesses in Hong Kong.

This must-have document outlines critical details of the company, such as the company name, business mother nature, and address. It is usually issued for 1 12 months and should be renewed yearly. We'll prepare this document for your company support with the renewal process.

Setting up a company in Hong Kong includes a streamlined and efficient process. Right here’s a quick reference table summarizing the key methods:

Along with this, an audit report should be hooked up. In another years, in case there isn't any tax agent to act on its behalf for distributing the form for an extension, the company needs to file the tax return within a month.

We also perform with neobanks, which include Airwallex: we connect you with our partners and assist you post your application to an account suited to your business.

Sole Proprietorship: An easy framework find more where by a person individual owns and manages the business, bearing full liability. It’s suitable if you are beginning tiny and need a simple registration process with minimal ongoing requirements.

VAT is not supplied in Hong Kong, contributing for the simplicity with the tax procedure and rendering it extra pleasing for businesses.

Startup Incubators and Accelerators: Incubators and accelerators give startups with not only funding but will also mentorship, workspace, and entry to a community of professionals and buyers. These plans help startups accelerate their advancement and growth.

Like a business operator, you’ll really need to submit two experiences and one audit annually. Even In case you have no transactions, you continue to ought to post once-a-year reviews: put together unaudited accounts, have an external auditor review them, and file Gain Tax Return.

When you work with us, our workforce will present several options readily available and assist you select the correct bank for your business. Once you make your determination, We are going to guide you with the opening process.

In the event there isn’t any settlement following the expiry date, the penalty price of HKD 300 can be charged to your customer. Additionally, there isn’t any reduction coverage With this where The fundamental renewal price is HKD 2,150 per year.

With extensive knowledge and worldwide partnerships, we devoted to furnishing only suitable and many effective service to all of our clientele. We acquire delight within our do the job and attempt to exceed our shoppers’ anticipations at every chance.

The administrators would appoint the auditor for the company, And they might remain as being the auditor Until A further auditor is appointed.