Where an overseas company, i.e. a company incorporated outside Hong Kong, establishes a place of business in Hong Kong, this is a representative office. The setting up of a representative office in Hong Kong by an overseas company is governed by Part XI* of the Companies Ordinance.
Do I still need to pay tax in Hong Kong even if I’m already paying tax in the states?
You are obliged to file a tax return with the Inland Revenue Department. The Inland Revenue Ordinance (“IRO”) contains no exemption from profits tax for offshore companies. Whether an offshore company is liable to profits tax depends on the nature and extent of its activities in Hong Kong.
Do I need to file tax return even I run the business offshore?
You are obliged to file a tax return with the Inland Revenue Department. The Inland Revenue Ordinance (“IRO”) contains no exemption from profits tax for offshore companies. Whether an offshore company is liable to profits tax depends on the nature and extent of its activities in Hong Kong.
Can I hire anyone person to be a company secretary?
You can hire only a Hong Kong resident or body corporate registered or established a place of business in Hong Kong. However, if the company has one director only, the sole director cannot be the secretary of the company at the same time.
How long does it take to setup a limited company in Hong Kong?
At centre o, it only takes 24 hours to incorporate a Hong Kong limited company. Client will be able to receive the Business Registration of the certificate of incorporation in the same day. Another 3-4 working days will be needed in order to get the company chops, M&A, and company box.
What are the minimum requirements for setting up a private company in Hong Kong ?
The minimum requirements are: (1) At least one individual or corporate shareholder (2) At least one individual or corporate director (3) A company secretary
Are there any restrictions on selecting a company name?
Choosing a company name in Hong Kong is free. The government allows the names to contain words such as international, group, holding, industry, investment.
What is the legal environment like in Hong Kong?
Noted for its transparency, law and order is central to Hong Kong’s success. All are considered equal before the law.
Does a company secretary have to be a Hong Kong resident?
Company secretary can be a Hong Kong resident or a body corporate, if the secretary is a body corporate, its registered office or place of business should be in Hong Kong.
How many directors / shareholders / company secretary does a company need ?
A private limited company in Hong Kong requires at least one director and one company secretary.