Advantages of Hong Kong company registration:
1, Hong Kong company name selection
In Hong Kong company incorporation, the company's title is free to choose, regardless of the size of the company's registered capital, the Hong Kong government allows the company's name contains an international group, holding industry, investment enterprises, associations, chambers of commerce, federations, foundations, promotional associations, colleges and societies, research institutes, such as centers;
2, Hong Kong company business scope
In Hong Kong, the company's business scope of very few restrictions (in addition to government control of special industries), such as: electrical appliances and electrics, communications and electronics, chemical and chemical industry, machinery and equipment, instrumentation, clothing and apparel, knitting and textiles, jewelry, financial and financial, medical and health care, shipping and shipping, logistics and transportation, import and export, trade, real estate, property management, construction, decoration, information network, tourism and hotels, universities and colleges, cultural communication, film and media, books and publications, travel agencies, associations and chambers of commerce, research institutes and other industries;
3. Hong Kong's Taxation Ordinance
Hong Kong's Taxation Ordinance is very clear that Hong Kong takes territoriality as the basis of taxation, and taxes only profits and income derived from Hong Kong. Hong Kong is different from the Mainland in that there is no value-added tax or business tax in Hong Kong. The major direct taxes in Hong Kong are profits tax (corporate income tax), salaries tax (personal income tax) and property tax. The Inland Revenue Department (IRD) is responsible for tax matters in Hong Kong. The Inland Revenue Department (IRD) sends out tax notices every year. Figures such as profits tax and salaries tax must be submitted by themselves by a specified deadline, and the above taxes are only required to be filed once a year.
Hong Kong's low and simple tax regime is very attractive to international investors. This is the significance of many international groups of companies to set up headquarters in Hong Kong, is to take advantage of Hong Kong's tax system regulations, to achieve reasonable tax avoidance in offshore trade, international investment. Companies incorporated in Hong Kong, although the enterprise must make tax returns every year, but the enterprise only in Hong Kong operation of the profits generated by the net profit of 17.5% of the profits tax, the enterprise does not make profits do not pay taxes. Profits generated from operations outside Hong Kong are not taxable in Hong Kong.
4, Hong Kong company registered capital
In Hong Kong company registration, regardless of the size of the registered capital, are not required to be in place to verify the capital (Hong Kong Companies Act provides that the minimum registered capital of the company for the minimum registered capital of 10,000 Hong Kong dollars), the applicant can be based on the actual need to determine their own company's registered capital, the Hong Kong accountant for the client to organize the Memorandum of Articles of Association, to confirm the registered capital, signed by shareholders It is sufficient. However, the Hong Kong government will levy 0.1% of the company's registered capital stamp duty, that is, HK$1.00 per HK$1,000 registered capital, stamp duty ceiling of HK$30,000.
5, Hong Kong's financial, trade and investment
Hong Kong, expanding the window of the international market, the springboard into the Chinese mainland market, due to Hong Kong's special historical conditions and geographic location, giving the Mainland enterprises to the outside world to create favorable conditions. Therefore, incorporating a company in Hong Kong can serve as a window for foreign trade and investment cooperation and easily gain the trust of foreign investment and cooperation enterprises. On the other hand, the Mainland will further expand its trade, investment and financial relations with Hong Kong, ensuring that Hong Kong can share the benefits brought by the world's fastest growing major economy. The complementary incentives under the Mainland/Hong Kong Closer Economic Partnership Arrangement (CEPA) to strengthen cooperation in the area of trade and investment promotion and to enjoy the zero-tariff policy on inbound and outbound trade between Hong Kong and China will bring greater benefits to businessmen on both sides of the border.
Hong Kong has always adopted a free trade policy and is therefore basically free of trade barriers. Goods entering or leaving Hong Kong are not subject to customs duties. Import and export visas are simple and most products can be imported and exported without a license. Where visas or declarations are required, it is only for the fulfillment of obligations under various international commitments or for the protection of public health, safety or security.
6, Hong Kong, Asia's financial center
Hong Kong brings together international standards and experienced financial professionals, can provide such as banking, securities, insurance, mergers and acquisitions, asset management, financial planning and other diversified professional services, to fully meet the needs of mainland enterprises and individuals in all aspects of financial services. Hong Kong companies and enterprises, easy access to international credit and credit, as we all know, Hong Kong is Asia's economic center and financial center, we can use Hong Kong as a financial center of the platform for the development of enterprises to establish a good reputation, engaged in international trade, overseas investment, corporate finance and other areas of development.
In recent years, the role of Hong Kong's venture capital funds in supporting the development of the mainland economy cannot be ignored. The China Banking Regulatory Commission (CBRC) has announced the expansion of the investment scope so that mainland commercial banks' offshore wealth management products on behalf of their clients can invest in Hong Kong stocks, fund-type products and structured products. At present, Hong Kong is the largest venture capital fund center in Asia, with funds under management amounting to US$40 billion. A considerable number of mainland enterprises have been successfully listed in Hong Kong after the introduction of venture capital funds. Hong Kong is further playing its role as an international investment center to provide more investment channels for mainland enterprises and individuals.
7. Banking and credit facilities in Hong Kong
Hong Kong has about 140 licensed banks providing commercial and personal banking services. These banks are either based in Hong Kong or are branches of foreign banking institutions. The local currency, Hong Kong Dollar, is freely convertible. All major currencies (e.g. US Dollar, Renminbi, Pound Sterling, Japanese Yen, etc.) can be exchanged at market rates at banks. Most banks in Hong Kong offer services for handling Renminbi. There is no foreign exchange bureau in Hong Kong, and there are no restrictions on currency trading or international capital movements, including the repatriation of dividends or funds by foreign investors. Funds can enter or leave Hong Kong at any time.
Hong Kong has a sophisticated and active foreign exchange market, and its close ties with overseas financial centers ensure that foreign currency transactions can take place 24 hours a day in global markets. Mainland enterprises can also open multi-currency accounts in Hong Kong banks to facilitate business transactions or investments in different currencies.
Banks in Hong Kong can provide general banking services such as bank loans, trade finance, credit facilities and treasury management. The banking services available to Mainland investors are no different from those available to local investors, but the terms and conditions (e.g. interest rates, collateral, etc.) vary from bank to bank, depending on the background, strengths and requirements of each business.
8. Hong Kong's international brand value
Because of Hong Kong's prominent international status, up-and-coming companies often like to take advantage of Hong Kong's popularity to package their businesses. For example, Hong Kong's clothing and apparel, property management, jewelry, gifts and toys, logistics and transportation, film and media, cultural publishing and other industries have a competitive advantage in the international arena. By incorporating a company in Hong Kong, you can immediately share in the overall international image and status of your business.
Hong Kong has always been highly respected by the international community and enjoys a good reputation worldwide. Hong Kong's international supporters are people who have a deep knowledge of the city and have visited Hong Kong since the handover. Young & Rubicam's proprietary BrandAsset Valuator ("BAV") is a methodology for building and managing brands; BAV is used to measure brand performance and assess brand potential. Hong Kong is categorized as a brand in this global database. To determine whether a brand is strong or not, there are four key elements to consider, including the brand's uniqueness, relevance, esteem and user perception of the brand. The interrelationship between these four elements will determine the effectiveness of the brand, including whether the brand enjoys high value and outperforms its peers.
In the eyes of the international business community, Hong Kong is a very strong brand with the potential to develop into a strong brand. Hong Kong is seen as having qualities that set it apart from others. Hong Kong's brands enjoy the advantage of high esteem, and the international community recognizes Hong Kong's brands as being of high value.
Hong Kong company registration conditions:
1, the company name:
(1) the company name must be unique, that is, may not be the same name with other companies
(2) the company name must not contain Hong Kong law restrictions on the words, such as department, government, office, bureau, federal, parliamentary, committees and so on
(3) the company name can only be English or Chinese, or you can register an English and Chinese name at the same time, but you can't use a combination of English or Pinyin and Chinese name
2. Registered Share Capital:
(1) The minimum requirement for the issued share capital is HKD1.
(2) The issued share capital may be less than the registered share capital.
(3) There is no minimum or maximum registered share capital requirement.
(4) Each shareholder shall have limited liability only in respect of the share capital invested by him.
(5) The registered and issued share capital is not equal to the minimum deposit requirement for opening a bank account.
3. Shareholders and Directors:
(1) The minimum number of shareholders is one and the maximum number of shareholders is 50.
(2) The minimum number of directors is one and they need to be Hong Kong permanent residents aged 18 or above, i.e. if there is only one director, he must be a permanent resident of Hong Kong aged 18 or above, if there are more than one director, at least one of them must be a permanent resident of Hong Kong aged 18 or above.
(3) Shareholders and directors can be companies (unless the company is part of a listed group) or individuals (i.e. natural persons) of any nationality or residing anywhere.
(4) The shareholders and directors may be the same person or the same company.
(5) Every registered company must have one director who is an individual, i.e. a personal director, not a company director.
4. Company Secretary
(1) A company must have a company secretary.
(2) The company secretary must be a person ordinarily resident in Hong Kong or a company having its registered office in Hong Kong or a company having its place of business in Hong Kong.
(3) If the shareholders and directors are not the same person, one of them may be appointed as company secretary on a part-time basis.
(4) If the registered company has only one shareholder and director, i.e., the shareholder and the director are the same person, a third party needs to be appointed as the company secretary, and the position of company secretary cannot be held by the only director of the company.
5, registered Hong Kong office
(1) the company must have a registered office address in Hong Kong
(2) the company's registered office address in Hong Kong, as the company's legal address for the receipt of notices and proceedings, which can be different from the business address, i.e., there must be an office address for the purpose of receiving mailed notices and proceedings from Hong Kong departments, the address can be different from the company's business address is not the same.
6. Must comply with Hong Kong regulations
The company must comply with the legal obligations of the Companies Ordinance and consistently file the company's annual return and specified forms, etc., within the time specified.
7. Taxation
(1) Profits arising in Hong Kong must be subject to profits tax
(2) Many items are tax deductible in Hong Kong
Other supplements:
There are two types of applications for registration of a registered Hong Kong limited company and a Hong Kong wireless company (e.g., a society organization), the former can be made by a single person, and the latter, so-called a wireless company, must have unlimited Liability, must be more than two people. Only Hong Kong residents or under the Hong Kong Limited can set up unlimited companies or social organizations. (Such as groups, group companies, head office, associations, chambers of commerce, foundations, centers, universities, colleges, research institutes, publishing houses, travel agencies, committees, or other social organizations apply for registration).
In Hong Kong incorporated companies, regardless of the size of the registered capital Hong Kong Companies Ordinance provides that the company registered in Hong Kong is allowed to register the name of the company contains a federation, the promotion of associations, foundations, associations, societies, chambers of commerce, research, centers, travel agencies, publishing houses, business associations, groups, enterprises, holdings, investment, shares, trade, import and export, culture, film and television, design institutes, colleges, universities, etc., and its The scope of business operation is unrestricted (except for the categories regulated by the Hong Kong Government).