Do Hong Kong companies have tax ID? What are the Articles of formation? What is a certificate of incorporation?
The certificate is a standard design that is written in both English and Traditional Chinese characters. Note that it is easy to confuse this certificate with others sharing a common design – so make sure you check that the title Certificate of Incorporation is present. There are many business entities in Hong Kong, such as a Sole Proprietorship, Limited Partnership are not issued with Certificate of Incorporation, but only a Business Registration Certificate.
When doing businesses with HK companies, and you want to ensure the entity you are working with is a legitimate entity, you may request the other party to provide a copy of this certificate. The Incorporation Certificate is a standard format that is composed in both English and traditional Chinese characters. Note that it is quite easy to confuse this certificate with others sharing a standard format, so make sure you check the title “Certificate of Incorporation” is present. It is responsible for the incorporation of local limited companies (Company setup in Hong Kong ) and the HK business registration of non- Hong Kong companies (companies that were not incorporated in Hong Kong and have a place of business in Hong Kong ). Date of Incorporation.
A certificate of incorporation can also be provided when a Hong Kong company changes its name. An offshore business may be began in Hong Kong with very little price. Positive, Practical, and Low Income taxes: Using a maximum business tax of 16.
Percent, Hong Kong provides the 3rd lowest tax burden on the planet. This excellent area provides an worldwide community, political and economic stability, low tax prices, no foreign currency regulates, and relatively easy establishment of offshore corporations. This fee depends on Hong kong government rules and we cannot adjust it. A Certificate of Registration will be issued in working days. Certificate of Incorporation , Business Registration Certificate are ready in 5-working days for Hong Kong normal incorporation process delivery (1-hours for express incorporation process).
Deciding The Sort Of Company To Be Formed. Company incorporation in Hong Kong is easier compared to other countries in the region. It can be completed in a week and does not require travel to Hong Kong. Online applications are normally processed within a few hours.
Offline applications, on the other han are normally processed around five business days. The Required Documents of a Hong Kong Limited Company Incorporation. The documents that are required for the application of the formation of a limited company in Hong Kong: NNCform for company limited by share, or NNC1G form for company limited by guarantee. The company’s Articles of Association.
Notice to business registration office (IRBR1) – Must select whether a 3-year certificate is needed. Companies Registry and pay all government incorporation fees. When it comes to running a business in Hong Kong, company incorporation is only one of the main steps.
You also need to get a business registration certificate from the Business Registration Office in Hong Kong. Hong Kong is a well-known jurisdiction for putting together Certificate Of Incorporation In Hong Kong to conduct international trade and investment activities and to assure asset protection.
This unique area offers an worldwide community, political and economic stability, low income tax prices, no foreign currency regulates, and relatively simple establishment of offshore companies. Another aspects that have assisted its economic climate to grow faster are its political stability, attractive tax and company rewards, along with its free marketplace environment. Its reputation as a desirable place for overseas businesses to set up business has held its ground regardless of the Certificate Of Incorporation In Hong Kong. This amazing location has an international community, political and financial balance, low income tax rates, no foreign currency regulates, and relatively simple business of overseas corporations.
The required registered capital for a company incorporated in Hong Kong is 10HKD ($274) which is lower than most countries. Hong Kong is a major banking centre which means that incorporating a company entitles you to open a multi-currency business bank account which will be an advantage if you plan to do business worldwide. The Hong Kong Government company incorporation fee and the first year’s business registration fee (USD 256).
Complimentary help with opening your bank account with OCBC Wing Hang Hong Kong or Neat Business.