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Advantages and conditions of Hong Kong company registration
Benefits of registering a company in Hong Kong:

1, Hong Kong company name selection

Companies registered in Hong Kong are free to choose their names. Regardless of the registered capital of the company, the Hong Kong government allows the company name to include international groups, holding industries, investment enterprises, associations and chambers of commerce, federations, foundations, promotion associations, academic societies, research centers and so on.

2. Business scope of Hong Kong companies

The business scope of Hong Kong companies is very limited (except for special industries controlled by the government), such as electrical appliances, communications and electronics, chemistry, machinery and equipment, instruments and meters, clothing, knitting and textile, jewelry, finance, medicine, shipping, logistics, import and export, trade, real estate, property management, construction engineering, decoration, information network, tourist hotels, universities and so on.

3. Hong Kong Tax System Ordinance

The tax system in Hong Kong is very clear. Hong Kong taxes by region, and only taxes profits and income from Hong Kong. The situation in Hong Kong is different from that in the Mainland. There is no value-added tax and business tax in Hong Kong. The main direct taxes in Hong Kong are profits tax (corporate income tax), salaries tax (personal income tax) and property tax. The Inland Revenue Department is responsible for tax affairs in Hong Kong. The Inland Revenue Department issues a notice of tax payment every year, and data such as profits tax and salaries tax must be submitted by itself before the prescribed time limit. The above taxes only need to be declared once a year.

Hong Kong's low tax rate and simple tax system are very attractive to international investors. This is that significance for many international group company to set up their headquarters in Hong Kong, that is, to make use of Hong Kong's tax system and laws to realize reasonable tax avoidance for offshore trade and international investment. Companies and enterprises incorporated in Hong Kong have to file tax returns every year, but profits generated by enterprises operating in Hong Kong are subject to profit tax at 65,438+07.5% of net profit, while unprofitable enterprises are not subject to tax. If an enterprise operates outside Hong Kong, it does not need to pay taxes in Hong Kong.

4. Registered capital of Hong Kong companies

No matter how much registered capital a company registered in Hong Kong has, it is not necessary to make capital verification in place (the minimum registered capital of a Hong Kong company is set at HK$ 654.38+0 million). Applicants can determine the registered capital of their own company according to actual needs. Hong Kong accountants can arrange the articles of association for clients, confirm the registered capital and sign it by shareholders. However, the Hong Kong government will levy a stamp duty of 0. 1% on the registered capital of the company, that is, a stamp duty of HK$ 65,438+0,000 yuan per registered capital, with a maximum stamp duty of HK$ 30,000.

5. Finance, trade and investment in Hong Kong

As a window to expand the international market and a springboard to enter the mainland market of China, Hong Kong has created favorable conditions for mainland enterprises to develop overseas due to its special historical conditions and geographical location. Therefore, companies registered in Hong Kong can serve as a window for foreign trade and investment cooperation, and it is easy to gain the trust of foreign investment cooperation enterprises. On the other hand, the mainland will further expand its trade, investment and financial relations with Hong Kong to ensure that Hong Kong can share the benefits brought by the fastest growing major economies in the world. The supplementary encouragement measures of Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) will strengthen cooperation in the field of trade and investment promotion, enjoy the zero-tariff policy of import and export trade between China Mainland and Hong Kong, and bring more benefits to businessmen of the two places.

Hong Kong has always adopted a free trade policy, so there is basically no trade overlap. Goods do not have to pay customs duties when entering or leaving Hong Kong. The import and export visa procedures are simple, and most products can be imported and exported without applying for a license. In the case of visa or declaration, we only fulfill our due obligations according to different international commitments, or for reasons of protecting public health, safety or security.

6. Hong Kong Asia Financial Center

Hong Kong has gathered world-class and experienced financial professionals who can provide diversified professional services such as banking, securities, insurance, corporate mergers and acquisitions, asset management and financial planning, and can fully meet the financial service needs of mainland enterprises and individuals. Companies and enterprises in Hong Kong have easy access to international credit and loans. As we all know, Hong Kong is the economic and financial center of Asia. We can use Hong Kong as a financial center platform to establish a good reputation for the development of enterprises and engage in the development of international trade, overseas investment, corporate financing and other fields.

In recent years, the role of Hong Kong venture capital funds in supporting the economic development in the Mainland can not be ignored. China Banking Regulatory Commission (CBRC) announced the expansion of investment scope. Mainland commercial banks can invest in Hong Kong stocks, fund products and structured products on behalf of overseas wealth management products. At present, Hong Kong is the largest venture capital fund center in Asia, with $40 billion under management. After the introduction of venture capital funds, many mainland enterprises have successfully listed in Hong Kong. Hong Kong will further play its role as an international investment center and provide more investment channels for mainland enterprises and individuals.

7. Hong Kong banks and credit funds

About 140 licensed banks in Hong Kong provide commercial and personal banking services. These banks are based in Hong Kong and have branches of foreign banking institutions. The local currency, the Hong Kong dollar, is freely convertible. All major currencies (such as USD, RMB, GBP, JPY, etc.). ) can be exchanged at the market price in the bank. Most banks in Hong Kong offer RMB services. There is no foreign exchange control in Hong Kong, and there are no restrictions on currency transactions and international capital flows, including the repatriation of dividends or funds by foreign investors. Funds can enter and leave Hong Kong at any time.

Hong Kong's foreign exchange market is mature and active, and it maintains close contact with overseas financial centers to ensure that the global market can conduct foreign currency transactions 24 hours a day. Mainland enterprises can also open multi-currency accounts in Hong Kong banks and use different currencies to facilitate business or investment.

Banks in Hong Kong can provide general banking services, such as bank loans, trade financing, letters of credit and treasury management. The banking services enjoyed by mainland investors will not be different from those enjoyed by local investors, but only the terms of each bank (such as interest rate, collateral, etc. ) will be different according to the background, strength and requirements of each enterprise.

8. Hong Kong's international brand value

Because of Hong Kong's prominent international status, up-and-coming enterprises often like to use Hong Kong's popularity to package their own enterprises. For example, Hong Kong's clothing, property management, jewelry, gifts and toys, logistics and transportation, film and television media, cultural publishing and other industries have competitive advantages in the international arena. Companies registered in Hong Kong can immediately share their overall international image and status.

Hong Kong has always been respected by the international community and enjoys a good reputation in the world. International supporters of Hong Kong are people who have a deep understanding of Hong Kong and have been to Hong Kong since the reunification. BrandAsset Valuator ("BAV" for short) unique to Yang & ampRubicam is a set of methods to establish and manage brands. BAV is used to measure brand performance and evaluate brand potential. Hong Kong is listed as a brand in this global database. To judge whether a brand is strong or not, we need to consider four main factors, including brand uniqueness, relevance, esteem and users' understanding of the brand. The relationship between these four elements will determine the effectiveness of the brand, including whether the brand can enjoy high value and surpass its peers.

In the eyes of the international business community, Hong Kong is a very strong brand and has the potential to develop into a strong brand. Hong Kong is considered to have unique characteristics. Hong Kong's brands enjoy high popularity, and the international community's understanding of Hong Kong brands has great advantages and high value.

Hong Kong company registration conditions:

1, company name:

(1) The company name must be unique, that is, it cannot be duplicated with other companies.

(2) The company name shall not contain words restricted by the laws of Hong Kong, such as departments, governments, committees, bureaus, federations, parliaments, committees, etc.

(3) The company name can only be used in English or Chinese, and an English and Chinese name can also be registered at the same time, but the combination of English or Pinyin and Chinese name cannot be used.

2. Registered capital:

(1) The minimum requirement for issuing share capital is HK$ 1 yuan.

(2) The issued share capital can be lower than the registered share capital.

(3) There are no minimum and maximum requirements for registered capital.

(4) Each shareholder only bears limited liability for the share capital invested by him.

(5) Registered share capital and issued share capital are not equal to the minimum deposit requirements for bank account opening.

3. Shareholders and Directors:

(1) At least one shareholder and at most 50 shareholders.

(2) There must be at least one director and a Hong Kong permanent resident aged 65,438+08, that is, only one director must be a Hong Kong permanent resident aged 65,438+08; If there is more than one director, at least one director must be a Hong Kong permanent resident aged 65,438+08.

(3) Shareholders and directors can be companies (unless the company is part of a listed group) or individuals of any nationality or anywhere (i.e. natural persons).

(4) Shareholders and directors can be the same person or the same company.

(5) Every registered company must have an individual director, that is, an individual director and a non-company director.

4. Company Secretary

(1) The company must have a company secretary.

(2) The company secretary must be a resident who usually lives in Hong Kong or a company with a registered office or a place of business in Hong Kong.

(3) If the shareholders and directors are not the same person, one of them may be appointed as the company secretary.

(4) If the registered company has only one shareholder and director, that is, the shareholder and director are the same person, another third party needs to be appointed as the company secretary, and the company secretary position cannot be concurrently held by the company's only director.

5. Registered Hong Kong office

(1) The company must have a registered office address in Hong Kong.

(2) The address of the company's registered office in Hong Kong is the legal address for the company to receive notices and procedures, which may be different from the business address, that is, there must be an office address for receiving notices and procedures sent by the Hong Kong department, which may be different from the business address of the company.

6. You must abide by the laws and regulations of Hong Kong.

Companies must abide by the legal responsibilities stipulated in the Companies Ordinance and continue to submit annual returns and designated forms within the specified time.

Step 7 tax

(1) Profits generated in Hong Kong must be taxed.

(2) In Hong Kong, many items are tax deductible.

Other supplements:

Registered Hong Kong Limited and Hong Kong Wireless Company (such as organizations) can be divided into two types. The former can be registered by one person, and the latter means that the wireless company must bear unlimited liability and there must be more than two people. Only Hong Kong residents or under the Hong Kong Limited can set up unlimited companies or associations. (such as the application for registration of a group, group company, head office, association, chamber of commerce, foundation, center, university, college, research institute, publishing house, travel agency, committee or other social organization).

Companies incorporated in Hong Kong, regardless of the registered capital, are allowed to include federations, promotion associations, foundations, associations, societies, chambers of commerce, research institutes, centers, travel agencies, publishing houses, trading companies, groups, enterprises, holding companies, investment, shares, trade, import and export, culture, film and television, design institutes, universities and colleges. And their business operations.