Personal Hong Kong company registration process 1, company name inquiry (submit the most satisfactory Chinese and English names, and our senior consultants will register your Hong Kong company.
Search and query Chinese and English names and provide professional advice to avoid the risk of being unable to register because of the same or similar names. )
2. submit? Power of attorney? (Submit a complete power of attorney and sign the agreement)
Step 3 pay the deposit
4. Sign the production materials of legal documents (arrange all shareholders and directors to sign a set of documents)
5. Government approval process (complete approval procedures and issue certificates within 8 working days)
6. Print the green box file (arrange to print the registration certificate and articles of association; Engraved steel seal, original seal)
7. The company was established (5- 12 working days).
The difference between Hong Kong companies and foreign trade companies
To be clear, Hong Kong companies are overseas companies and foreign trade companies are mainland companies. So there is still a big difference between accounting and tax filing. In other words, Hong Kong companies pay taxes on trade in accordance with the regulations of Hong Kong, while British companies operate in accordance with the regulations of the Mainland on foreign trade companies.
Mainland China requires foreign trade companies, especially import and export companies, to have offices in the business building when registering, while Hong Kong-funded companies do not. At this level, Hong Kong companies can save a lot of rent. Since Hong Kong companies don't need an office address, there is no problem even if they don't hire employees. Accounts opened by Hong Kong companies, whether in Chinese mainland, offshore account or Hong Kong, are not subject to foreign exchange control in the Mainland.
Reasonable tax avoidance methods of Hong Kong companies
In terms of skills, you can have the following points:
1. Please ask customers to use their accounts as much as possible. If customers insist on invoices, they can ask other companies to issue invoices on their behalf, that is, through the form of Hong Kong companies, customers are not allowed to use the accounts of mainland companies, thus avoiding mainland companies from paying taxes.
In this way, the turnover of mainland companies will be minimized, and then they will lose money every year without paying much tax. Then, although Hong Kong company accounts receive a lot of funds, they are all offshore and do not need to pay taxes. They only need annual review and zero tax return, thus achieving the goal of reasonable tax avoidance.
3. If the entry and exit accounts of Hong Kong companies exceed HK$ 5 million per year, it is best to file tax returns truthfully. After the real tax return is completed by the accountant, it won't pay much. The reason for this is that the Hong Kong government will check whether your account is money laundering, and it will be legal and normalized through tax return.
4. Mainland companies should not continue to lose money. It is best to pay taxes normally for a few months in the middle, otherwise the industrial and commercial bureau will definitely check.
5. Try to let the customer handle the player's account and the account of the Hong Kong company, instead of looking for the company to invoice, otherwise there will be legal risks.
Advantages and disadvantages of Hong Kong company registration
I advantages and disadvantages of registering a Hong Kong company
Hong Kong companies cannot handle RMB business after registration because they are overseas companies. This is why not all domestic companies are suitable for Hong Kong companies. Basically, they are registered by friends who do international trade.
In addition, Hong Kong companies do not have import and export rights in Chinese mainland, so they need to use trading companies as export agents. It's just that at this time, the agency only helps you deliver the goods for verification, and the profits and payment are in your own hands.
Hong Kong companies are registered companies, so there will be corresponding management fees every year. One is the annual inspection of the company's full anniversary, and the other is the tax declaration after the company was established 18 months. Hong Kong company registration is simple, and the key is the company's follow-up management and tax declaration. In fact, if you set up a Hong Kong limited company, at the beginning of registration, whether the government is an offshore company or a local company, it will be registered in the same way.
This point is displayed in the column of company and company nature after your company completes the search. Local enterprises? You can see that. This also shows that the management of Hong Kong companies is unified by the government. Therefore, as long as it is operated by Hong Kong Limited Company, it is necessary to file a tax return with the auditor and apply for overseas profits after the company 18 months receives the tax return for the first time, so as to legally file a tax return and avoid taxes reasonably.
B. benefits of registering a hong kong company
Hong Kong is an international financial center with a sound legal system, which can provide sufficient legal protection for investors. In Hong Kong, you can freely choose the company name, and the business scope is very wide, so the registered capital does not need to be in place and capital verification is not required. Hong Kong companies can easily obtain international credit and credit, so they can take advantage of the convenience of sending and receiving letters of credit from Hong Kong banks to realize the rapid return of funds. In addition, shareholders and directors of Hong Kong companies will be given priority to apply for business visas from the Hong Kong Immigration Department.
In terms of taxation, the general operation of Hong Kong companies only involves profits tax, and there are no other taxes such as value-added tax and business tax. The profit tax rate is only 16.5%. Income from outside Hong Kong does not need to be taxed even if it is remitted to Hong Kong. Enterprises can also use Hong Kong companies to buy properties in Hong Kong, and renting or selling properties can be exempted from property tax.
(1) The business scope is not limited. There are no industry restrictions, and you can run any legal business without applying for a license.
(b) There are no restrictions on trade and capital allocation. Hong Kong is a free trade port with unimpeded logistics. General goods enter and exit without customs duties, and the logistics speed of land, sea and air is extremely fast; Free flow of funds. There is no foreign exchange control in Hong Kong, all kinds of foreign currencies can be exchanged and transferred at any time, and there are no restrictions on the entry and exit of funds; Businessmen like to take advantage of the convenience of Hong Kong banks to send and receive letters of credit.
(3) Hong Kong's Asian financial center and banking services: Credit is the basis for developing international business. Hong Kong is the economic and financial center of Asia, and it is easy for Hong Kong companies to obtain international credit and credit. Your company can open a company account in a Hong Kong bank and use the credit of the Hong Kong bank to send and receive letters of credit to foreign business partners.
(d) Hong Kong's corporate tax policy and tax rate policy are very loose: a low tax environment is conducive to development, and there are few taxes and low tax rates in Hong Kong; No profit, no tax; Many international organizations use Hong Kong's tax advantages to achieve reasonable tax savings; Generally speaking, Hong Kong companies only need to pay profits tax at the rate of 17.5%, which is calculated according to your company's actual profit (net profit). Special consumer goods (such as cigarettes and alcohol) are subject to import and export tariffs.
(e) Registering a Hong Kong company/establishing a corporate brand (using Hong Kong's popularity to build a Hong Kong brand and enhance the company's international image): Hong Kong's international status is remarkable, and later enterprises often use Hong Kong's popularity to package their own enterprises, thus gaining a certain competitive advantage in the international arena. The establishment of the company in Hong Kong can instantly share the overall international image and status and enhance the company's own competitiveness.
(f) Hong Kong companies allow shell companies to exist: registered Hong Kong companies can have no business and shell companies can exist.
Nowadays, many foreign trade enterprises set up overseas product display and marketing centers on the platform of Hong Kong by registering Hong Kong companies, seeking overseas breakthroughs, reducing intermediate trade links and exporting their own brands? Shortcut? .
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