What are the processes, taxes and documents needed to open an import/export company in China?
It’s a good idea to look for an incorporation service provider who can help you set up your business. They have the ability to simplify and expedite the procedure. For your convenience, we’ve compiled a list of the things you’ll need to register company Hong Kong:
Incorporation application form
Passport of all directors and shareholders with 25% or more shares
Proof of overseas residential address for non-Hong Kong residents
Business registration certificate
Registered office address
Corporate tax is the only tax that a business must pay to the government. On assessable profits up to 2 million HKD, the corporate tax rate is 8.25 percent, and on earnings exceeding 2 million HKD, the rate is 16.5 percent.
The service providers examine to see if the client’s desired company name is available and offer suggestions if the intended title is already taken. They next request the appropriate documents and do the necessary checks before submitting them to the government for approval. They will assist the customer in opening a business bank account once the application has been granted.
Please keep in mind that processing times may vary based on the service provider chosen by the entrepreneur.