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3 Keys to Success to Set Up Your Company in Hong Kong |
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The set up of a company in Hong Kong is quick simple and easy. Follow these 3 keys to success to set up your company in Hong Kong. |
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| Author: John Barclay |
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A company needs 1 director, 1 share holder and they can be the same person. Your company needs to issue 1 share of 1 HK dollar = 12 US cents. You need a Hong Kong resident as company secretary and a local Hong Kong address as your registered office. You can be fully activated and ready for business in 1 week.
2. Easy of Administration
A simple annual return and a simple tax return 18 months after incorporation is required. The tax return must be supported by auditors and prepared to international accounting standards.
3. Ease of operating a company in HK
Hong Kong offers a simple employee friendly legislation. Companies need a joiner’s form, a leaver’s form and a year-end return. You do not need to deduct tax from your employees they do this individually at the year end. A simple single social security scheme is in place and is called an MPF. The MPF operates at a fixed percentage deduction.
About Author
John Barclay, Managing Director of Primasia Corporate Services. That is all you need to do to set up and administer your company in HK. For cost-effective business solutions, serviced offices and virtual offices, visit www.servcorp.com
Article Source:
http://www.1888articles.com/author-john-barclay-23461.html
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