Hong Kong Limited Liability Company Formation
Due to its attractive tax system framework, minimal governmental intervention in foreign business activities, simplistic registration procedures and economic stability, Hong Kong has become a very attractive area in which to set up a foreign enterprise.
INS helps foreign investors register limited liability Hong Kong companies. By establishing a Limited Liability company, shareholders can perform business operations with a high level of flexibility. As an added benefit, there is no existing need for contributions by native investors and the minimum share capital is 1 HK$.
Our Hong Kong Limited Liability company registration service also includes:
► Bank account opening
► Enrollment or termination of employees
► Monthly payroll and MPF contributions
► Employer returns
Hong Kong´s tax system allows companies to be taxed solely on revenue made within Hong Kong’s territory, leaving foreign-made profits tax-free.
Furthermore, many common communalized taxes in other countries are not present in Asia’s business capital, for example VAT, property tax, dividend tax nor interest tax. However, a few tax contributions remain mandatory for foreign businesses:
► Corporate tax – 16.5%
► Individual tax – 15%
► Employee – 5%
► Employer – 5%
Requirements to set up a Limited Liability Company
All companies must have:
► Between 1 to 50 investors
► A Director and a Secretary assigned to the company
► A registered address in Hong Kong
A Bridge to China
If you plan to sell goods or services in China through your Hong Kong based company, kindly note that employment services will be required in order to retain China-based staff. Upon successfully applying for a work permit, the employees will be able to commercially operate without having to setup a mainland subsidiary.