Hong Kong is a leading international financial centre of Asian and Pacific region, one of the leading financial centers in the world and most famous Asian offshore zone. Hong Kong economics is based on a free market, low taxation rate and non-intervention of government. Hong Kong is one of the leading financial centers, where the headquarters of almost all biggest world corporations are located.
General information about Hong Kong Private Limited Company
UniverseLAW offers full range of professional services, associated with business organization in Hong Kong:
The main basic feature of Hong Kong is a territorial principle of taxation. Hong Kong companies are subject to taxation only if they conduct business in Hong Kong and receive income from a source inside the country. The income, received abroad, is not subject to taxation, even if such income is accumulated on accounts in Hong Kong.
Taxes in Hong Kong
Each Hong Kong company on a yearly basis submits to the Tax department of Hong Kong the following documents:
Financial statements in Hong Kong are filed together with Auditor’s Report and are called Financial Statements & Auditors Report.
1. company name
2. legal address
3. short description of the company’s business activity
4. information about shareholders, directors and secretary
5. members’ obligations
6. share capital, registered for the company registration
7. amount of shares held by shareholders
If the shareholders and directors are nonresidents:
If the shareholders and directors are legal entities:
Time required for company registration and formation:
The registration takes 5 working days, regardless of whether the company is newly registered or is ready-made.