Day: January 5, 2019

Incorporating Hong Kong Company Business – Anatomy of State Filing Fees

It is A fantastic idea if you do intend to hire a company to deal with the bureaucratic red tape, that you find a respectable company or get online and check out the fee on your own. Every state lists their charges, so it is a simple thing to verify. If You intend to hire a company to file for you, it may be a great idea to ask the state receipt. The last thing you need to do is pay hundreds of dollars more than you will need to when beginning a new company. Find a respectable firm to do your filing and make certain to contact the Better Business Bureau before sending a check.

Having A open a company in hong kong  integrate your business is a fantastic idea if you have some qualms about the legal aspects as well as the paperwork involved with the procedure. Most companies incorporate various services, from basic services such as checking company name accessibility to preparing a business license compliance package. Again, fees for these services vary widely, so make certain you are comparing apples to apples when exploring these businesses. Incorporating your company gives you limited liability should you have Legal or financial difficulties later on. It is a type of insurance policy which will safeguard your personal wealth if your company suffers. If something does happen to your company, provided that you are incorporated, your organization, and not you , is liable.

hong kong company

Annual returns must be filed with the Companies Registry once in each calendar year within 42 days following the anniversary of the provider’s date of incorporation. Private limited companies are exempt from submitting accounts together with the yearly return. Tax returns together with audited accounts must be filed with the Inland Revenue Department by 31 April annually. The auditor must be a member of the Hong Kong Institute of Certified Public Accountants and must hold a practicing certificate. Dormant companies and compact hong kong company incorporation fees are exempt from audit requirements and can file unaudited accounts.