Being uncomplicated to establish, a sole proprietorship is a common form, but it doesn't enjoy immunity from taxes in Hong Kong, along with the proprietors of these companies would want to know which kind of taxes they need to endure. Tax Obligations for Sole Proprietorships

Mainly because your small business receives a degree of independence from the dad or mum company, you could select ways to run the subsidiary and may tailor it to meet the requires from the regional culture.

An offshore Hong Kong company is one which’s registered in Hong Kong but managed and operated from overseas, with the vast majority of its earnings sourced from outside the jurisdiction.

Even if they do let you open up a company banking account, you’ll have to have to finish prolonged due diligence and additional types Simply because you’re functioning a company from the tax haven.

Such as, if you are starting a company in the tourism or Health care sector, you will have to obtain added approvals with the related federal government authorities.

The region also will not tax dividends, revenues from securities trading and all gains from housing gross sales overseas. Cyprus has also signed around sixty favourable double taxation avoidance agreements.


Every little thing you need to know about proudly owning a constrained company and remaining a director is included in this e book.

Hong Kong subsidiary laws also incorporate obligatory service fees. You’ll pay back a registration and capital cost upfront just before acquiring a certificate of incorporation, generally just after four to seven times. Determined by your field, you might require to use for additional licenses.

It can help set practical anticipations and informs your conclusion-earning method, making it possible for you to pick a company secretary that aligns with your preferences and Tastes.

Don’t neglect regional distinctions in your organization approach. A shift could make all the primary difference on your results, particularly if you've got a bricks-and-mortar shop or other premises.

Hong Kong has top quality banking marketplace regulations. You can love protection on the Hong Kong authorized procedure. Next, there isn't additional hints a international Trade controls in Hong Kong. Town is driven because of the values of totally free trade and free of charge marketplaces.

Totally free Zone authorities also offer a range of assistance companies and facilities to assist buyers and business owners inside the company formation approach. Some expert services consist of:

This term is considered sensitive by Firms Dwelling. You may need further documentation and an admin price of £15 additionally VAT are going to be included to sort using this title.

Appointing a company secretary. If an individual, they need to reside in Hong Kong or, if a body corporate, it need to have its registered Place of work or position of company in Hong Kong. A sole director of A non-public company can't be the company secretary.