Indicators on setup a company in hong kong You Should Know
Indicators on setup a company in hong kong You Should Know
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Yes, Hong Kong law permits a single human being to function each a shareholder and director, presented they meet.
The entrepreneur visa is intended for foreign nationals who would like to start a business in Hong Kong and function there on an entire-time basis. This visa demands the applicant to post a business plan and exhibit that the business is feasible and will build no less than 1 new position for the Hong Kong resident.
Hong Kong’s legislation also needs neighborhood organizations to file annual returns and spend annual registration service fees, coupled with audited money statements geared up and signed off by a Licensed public accountant. If these obligations are not achieved, penalties may well implement on the nearby company.
You have got 3 choices when starting a business in Hong Kong — you can build a representative Office environment, a branch Business, or possibly a registered subsidiary company. All three call for you have at the very least one long lasting resident in Hong Kong to stand for your company.
Knowledge the lawful requirements is vital for the clean business enterprise setup. Hong Kong provides different lawful constructions, together with:
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If you intend to rent staff, it is critical to get experienced about Hong Kong's work laws. Familiarize on your own with rules associated with wages, working several hours, vacations, and termination treatments. Complying with work legislation makes certain a fair and harmonious do the job setting for your staff.
Appointing a company secretary. If an individual, they need to reside in Hong Kong or, if a physique corporate, it need to have its registered office or spot of organization in Hong Kong. A sole director of A non-public company can not be the company secretary.
Notice that there's no legally specified total for starting capital — having said that, it is mostly suggested you have at the very least HKD£10,000 in the checking account in Hong Kong.
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Start by filling out the online form to offer required specifics with the company incorporation procedure.
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