I、brief introduction of HK：
Hong Kong is located at the east of Zhujiang River,south of the mainland in China, is a city on the southern sea. Hong Kong is divided into four parts -- Hong Kong island, Kowloon, New Territory, and nearby islands, the area is about 1092 square kilometers. In the ancient time it was called Xiangjiang,Xianghai for its main products agalloch eaglewood, until the Ming dynasty, for the reason to transport the fragrant wood of Dongguan, it started to get the name of Hong Kong. Hong Kong was generally called eastern pearl..
Hong Kong is one of the freest global trade area, it is the center of international financial. The perfect legal system, simple tax structure and low tax rate, as well as the complete infrastructure and communication facilities, high quality professional talents, have extremly attracted large amount of investors all over the world.
The four pillar industries are? Finance, housing,tourism, and foreign trade. The top ten products in Hong Kong are ready-made clothes, electronic products,textile, watches, print, plastic products, metal products, drinks, industrial machinery and jewelry.
II、The advantage of establishing a Hong Kong company：
(1)There are no field restractions. You can operate any kind of legitimate nusiness.
(2)Hong Kong is the freest commercial and trading harborin the world, everything flows at liberty: no VAT on general goods, except for Special goods. (such as alcohol and tobacco)
(3)No foreign exchange control, the capital flows at liberty, each kind of currency can be exchange and transferred at anytime;
(4)There are few types of tax and lower tax rate in Hong Kong. Declarate profits tax once a year.
(5)Making use of the reputation of Hong Kong to found a Hong Kong brand, and improving international image of the company;
(6)Hong Kong allows shell corporation(having no business)to be existed and offshore business to be operated.
III、registration conditions：
1、The company’s name：the company can have a single Chinese name or a single English name or have both of them. If you need to open bank accounts, there must be an English name, there’s no industrial limitation but the end of the company name must be “有限公司”或 “LIMITED”.
Note: our COMPANY LIMITED = CO, LIMITED = LIMITED,
2、Shareholders: the shareholders of a company must be any nationality (at least 18 years old )or legal entity, at least one person, Shareholders shall provide valid identity documents (such as passport, ID card, proof of address and the percentage of shareholding).
3、Director of the company: the director of the company must be any nationality (at least 18 years old )or legal entity, at least one person.
Note: the shareholders and the directors of a company may be the same natural person or corporate unite.
4、the company registered address: It must be in Hong Kong. This address can be registered address or office address.The address given by the secretary company is general only for register, receiving government or bank letters.
5、Company legal secretary: Company legal secretary must be Hong Kong permanent resident or the company registered in Hong Kong, receiving government or bank letters on be half of customers.
6、the registered capital of the company: Generally the registered capital is hk $10,000, The companies registry shall levy 0.1%for registered capital.
If the registered capital for HKD10, 000,000.00, should pay extra fees for:
HKD10,000,000.00 X 0.1% = HKD10,000.00;
IV、All the document needed for forming a HK company：
1.Certificate of registration；
2.Business registration certificate；
3.One company small round chapter and one signature.
4.One metal stemping；
5.One company stock book；
6.18 volume company memorandum articles of organization；
7.Its statutory shareholders, directors, secretary and one volume meeting record；
8.One green box for storage of above materials；
V、openingan bank account：
After the establishment of the Hong Kong companies, you can decide whether to open bank accounts or not, also can open bank accounts at anywhere in the world, as long as it is accpted by local Bank.；
VI、renewal: (it is called examination in mainland)：
1、Hong Kong company shall submit an annual return to the companies registry every year,
2、and exchange business registration certificate to inland revenue department
3、renewal for the company secretary
4、renewal for the companies registry
VII、The tax returns and annual audit：
To the new founded company, it will receive a tax return issued by the inland revenue department 18 months later after it was found and hand it out within 3 months toghter with the audit report.
After the declaration, the company will audit once a year. Hong Kong company profits tax (tax) according to16.5% of company's net profits tax, Company without profit will not pay tax. Now there are no business tax，value-added tax, capital gains tax ,value-added tax, dividend tax and interest tax in Hong Kong
VIII、Annual general meeting：
According to the Hong kong company law, in Hong Kong the company shall held annual general meeting of the shareholders each year. The first shareholders' anniversary must be hold with 18 months since the company was found, and the next will be hold within 15 month since the first one. The directors must submit audit reports and director report to the company shareholders for approval. |
