Below are some steps to take in order to establish a new company in Hong Kong.
- Determine your company name.
- Choose a legal structure for your business.
- Register your company.
- Incorporate your business entity.
- Open a company account.
- Get permits and licenses.
- Hong Kong tax.
- Pensions and insurance requirements.
Do Hong Kong companies have a VAT number?
Short answer: “No”. In Hong Kong you have to pay profits taxes on work done in Hong Kong.
How do I set up a company in Hong Kong?
How to set up a company in Hong Kong
- Select the appropriate company type.
- Choose a company name.
- Decide on the company structure.
- Proceed to open a company in Hong Kong.
- Apply for business licenses and permits.
- Open a corporate bank account.
- Do the annual maintenance filings.
When must a business register for tax?
Tax Registration You must register within 60 days after you have commenced business by completing an IT77 form (available from your local SARS office or from the SARS website). A CC or private company must be registered with the Registrar of Companies and Close Corporations to obtain a business reference number.
Is there a VAT in Hong Kong?
There is no Value Added Tax, VAT ,GST or any other sales tax in Hong Kong. There is no real estate transfer tax in Hong Kong.
What is Hong Kong Tin number?
Hong Kong, China does not issue TIN* for communicating with taxpayers. (a) Individuals: Hong Kong Identity Card (HKID) number. The HKID is an official identity document issued by the Immigration Department of Hong Kong, China for all residents of age 11 or above (other than those exempted).
What do Hong Kong companies have tax ID?
For Hong Kong company registration you can check Hong Kong, China does not issue TIN* for communicating with taxpayers. The following identifiers will be equivalent to TIN: (a) Individuals: Hong Kong Identity Card (HKID) number.
How to get a business registration number in Hong Kong?
, former Business Owner In Hong Kong, that would be the Business Registration number. You do not apply for it, you get it automatically at the time you register the company. For Hong Kong company registration you can check Yes, the Business Registration Certificate number is the tax ID of a Hong Kong company.
Where can I get a Hong Kong ID number?
The HKID is an official identity document issued by the Immigration Department of Hong Kong, China for all residents of age 11 or above (other than those exempted). (b)Entities: Business Registration (BR) number. The Business Registration Office of Hong Kong, China is responsible for registering businesses carried on by entities.
Where is the HKID number on a business certificate?
HKID number: The HKID number is shown at the bottom right-hand corner of the HKID. BR number: The BR number is shown at the middle of the business registration certificate and under the heading “Certificate No.”.
