Turning the pages of History of Hong-Kong, you may come to understand that Hong-Kong is a company port situated off the south-west coast of China. Additionally, it is the fourth densest region on the planet. For this reason, there is a cut-throat competition among the businessmen and businesses from the Hong-Kong. So if you are one among the crowd where people will start some of their own, then you have to be aware of that the Hong Kong company registration first. It is important to understand because that is how and when you can take your organization forward and set it successfully.
There are a few requirements that you must look on before business deregistration hk.
They are as follows:
- Business Name: It is one of the fundamental requirements for business registration in Hong Kong. Before, you proceed for business incorporation; do get the business name accepted by the concerned authority.
- Share capital: Though There is no minimum requirement for share capital; the general criteria for businesses say that company incorporated in Hong Kong must have at least one shareholder with one ordinary share issued in their own formation. Share capital could be in any significant currency and is not confined to the Hong Kong dollar. Moreover, an individual can freely assign the stocks.
- Directors: There should be a minimum of one director and a maximum of unlimited quantities of supervisors for limited company registration in Hong Kong. Directors can be from any nationality and must be of 18 years old.
- Shareholders: A Private limited hk company registration may have a minimum of 1 and maximum of 50 shareholders. A director and shareholder may be the same or different person but must be of 18 years old. There is no residency requirement for investors in Hong Kong.
- Taxation: There is Territorial-based taxation in Hong Kong which suggests that only earnings arising in and derived from Hong Kong would be subject to taxation in Hong-Kong. Business tax, also called earnings tax, is estimated at 16.5percent of assessable profits for businesses. In Hong Kong, you do not need to pay any capital gains tax, withholding tax on dividends or GST/VAT.