While you are focusing on turning your innovative idea into a real business, we provide advice on resolving your tax issues as well as identify tax concession and tax planning opportunities to effectively reduce tax liabilities and enhance your business profitability.
Hong Kong is an international business centre that has a low, simple and competitive tax regime. Carrying out business in Hong Kong has a number of advantages:
Low rate of taxation for individuals and corporates
There are only three direct taxes: profit tax, salaries tax and property tax
No capital gains tax, no withholding tax, no tax on dividends and no estate tax
HK taxation only applies to income derived from Hong Kong (offshore income provides possible eligibility to make an “offshore claim”)
It is required to complete a tax return annually. For individuals, it is required to complete an individual’s tax return and/or property tax return. For corporations and employers, it is required to complete profit tax return and employer’s tax return
It includes (i) dealing with offshore claims for companies with income derived from offshore; (ii) handling objections against disputed assessments and holdover claims of provisional tax, and (iii) negotiating with the IRD for tax investigation and tax field audit cases.
It includes (i) formulating tax strategies on investment planning, group restructuring, mergers and acquisitions, and pre-Initial Public Offering, (ii) considering matters in respect of transfer pricing that satisfies Hong Kong requirements and group standards for efficient administration; and (iii) carrying out tax health check on existing operations from a tax compliance perspective.
In the case of potential troubles arising from the management of corporate matters, we offer corporate compliance services that enable you to stay compliant with the legal requirements and ongoing regulatory obligations. Our services can provide peace of mind so you can focus on growing your business.
While you have a great business idea or it is your first time becoming a business founder, you may be confused about how to realise your dream as well as the choice of an appropriate business structure. We understand that there is no one-size-fits-all approach relating to setting up a business. Our business formation service consists of a consulting meeting for us to provide you with our professional advice on the best corporate structure that can benefit your future business needs. We can provide our business formation services for your choice of formation in the following jurisdictions:
Our approach is simple and efficient. If you consider selecting formation in another jurisdiction not listed above, we can help you to contact our network of corporate service providers that can assist you with your preferred formation requirement.
Lack of compliance knowledge is not an excuse for not complying with ongoing corporate compliance requirements. In order to stay compliant with the corporate rules and regulations, it requires attention, professional knowledge and time. Our professional team is practical and well-trained to balance the needs of business owners whilst providing our company secretarial and full supporting services for private companies. Our services include the following:
Acting as a named company secretary
Providing authorised representative / designated representative for SCR
Safe-keeping of the statutory records and maintaining the statutory records if needed
Preparing the annual return and filing it with the Hong Kong Company Registry
Arranging renewal of business registration
Preparing the documents relating to the annual general meeting
Provision of office address in Hong Kong for the purpose of the company’s registered address, principal place of business and correspondence address
Handling of issue and transfer shares, share allotment, change in share capital structure, appointment and resignation of company officers, change in company name, etc
Providing corporate compliance consulting services
