In addition, the company is also accountable for getting ready and retaining accounting records and once-a-year accounts in Hong Kong.
If you conduct any exercise without the essential license or authorisation granted by a appropriate authority in almost any jurisdiction, Setting up Business enterprise will not be equipped To help you Together with the company formation or bank account opening relevant to these unlicensed activity.
Several real estate property businesses do that, so that they can decrease their annually maintenance costs and likewise maintain their ownership on the housing Within this company identify.
Getting a bank account is acquiring more durable and more challenging. Even just a yr or 2 back we had an interview where by he stated it was simple.
Latest residential tackle proof is usually bank statements, phone / mobile phone costs, or other utility expenses. The real key part is fewer than 3 months before the day within your bank account opening job interview.
For company varieties besides non-public, certified true copies on the financial statements is obligatory along with type NAR1. The documents also have to include the report of the auditors plus the report of the administrators.
To do business enterprise in Hong Kong, you can arrange a sole proprietorship, a partnership or sign-up one particular’s own company incorporated in other places as an overseas company in Hong Kong.
So just how much is this? I have an entire and thorough web site publish on Hong Kong company upkeep to obtain deep into it. To swiftly Provide you an concept, I'd price range all-around $one,500 US dollars a year depending on the amount of revenue and transactions you've.
The choice of how many accounts, as well as regardless of whether you ought to have a number of accounts, requires a harmony involving the pluses and minuses. Within the additionally facet, multiple accounts enable you to to help keep organized, by using different bank accounts to provide different small business wants.
They claimed in order for me to secure a credit card, I required to provide them with a safety deposit of ten,000HKD to get a credit score line of ten,000HKD. So no danger for them if I don’t spend my charges, they would simply just use my security deposit.
Records of hong kong trademark registration service company’s previous associates, resolutions, and conferences need to be maintained for a minimum of a decade.
Due to the fact one March 2018, specific Hong Kong companies have to keep up a major controller sign-up which have to be readily available for inspection by law enforcement officers on request. So, don’t fail to remember To place this note in your consideration record before examining the next compliance obligation.
Each regional and overseas businesses need to appoint a Hong Kong resident since the company secretary. The secretary might be particular person or physique corporate.
Our renewal costs exclude the Hong Kong Govt enterprise registration payment and disbursements for example courier charges, photocopying and submitting expenses.