Want to have a Team in Hong Kong TODAY?
Our consultant first arranges to meet with you to discuss your needs and get to know more about you as a company. By taking the time to understand your company culture values, we can match you with professionals that align with you on every level.
According to your specifications, we map the perfect candidate(s) for you. We then utilize our well-developed networks and resources to screen and select the best talent available in your target market.
When you’ve chosen the perfect candidates, we continue to offer support and guidance. We can work with you to help form a job offer and contract to satisfy all parties involved and ensure regulatory compliance.
Setting up a legal presence in Hong Kong can be a burdensome process, fraught with potential risks and errors. INS Global will guide you through these difficulties and consult on all possible issues
However, this type of business lacks some of the crucial elements available to other incorporated entities.
People who register this type of company will be solely responsible for any actions taken at the behest of the company.
These business entities are taxed at 15% on profits and must file an annual tax return with the IRD (Inland Revenue Department).
To register this type of company, you will need a fully filled-in incorporation form, a copy of a Hong Kong identity for Hong Kong residents, or a passport copy for any non-Hong Kong residents.
The only structure available for business owners who don’t plan to reside in Hong Kong is the Limited Partnership.
It is usually a good option for foreigners looking to expand without relocating their permanent residence to Hong Kong.
Setting up your business under this structure requires registering with the Companies Registry.
Owners of small to medium-sized businesses that want to begin operations in Hong Kong will find the incorporation of limited liability companies much more straightforward.
The ease of registration and the fact that this structure generally reduces the risk associated with future business complications are two reasons people may choose to incorporate under this structure.
Additionally, a private limited liability company will receive tax benefits available to any company incorporated in Hong Kong.
Businesses under this agreement can also benefit from the free trade agreement between Mainland China and Hong Kong.
Foreign companies may use their name to register at the Hong Kong Companies Registry to establish a branch office inside the country.
For a company name to be registered in this way, it must not already be in use within Hong Kong.
The Companies Registry requires that the branch office appoint at least one Hong Kong resident to authorize and accept legal liability for the actions taking place under the direction of the branch office.
Manuel Ramos
TERAO ASIA
Managing Director
No, it is necessary to use a local entity abroad to comply with each country labor law.
Foreign companies can either set up a local entity in each country or use the services a local PEO (Professional Employment Organization) to hire the staff on-site directly.
The employer of record is the legal entity liable for the staff employed in a specific country. In practice, a foreign company can either open a subsidiary to become the employer of record of its abroad employees or use a PEO to act as the employer of record.
In general, 1-month is necessary to have an employee based out abroad using an existing PEO as the employe of record. When incorporating a new subsidiary to be the employer of record, the delay varies from 4-12 months.
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