You can also get a cheaper quotation, but be aware that the only agency that quoted me a greater worth, later on, tried to rip-off me . I’ll discuss tips on how to assess the honesty and effectivity of an agency in the last part of this article. Chances are excessive that your company won’t need any permits or licenses to carry out its enterprise in Hong Kong. In response to the financial slowdown attributable to the coronavirus, the Hong Kong government has decided to waive the charges for the years 2020 and 2021.
If you’re a self-employed individual aged 18 to below 65, you should enrol yourself in an MPF scheme. You are required to make obligatory contributions when you earn not less https://www.easycorp.com.hk/en/offshore than the minimum income stage, i.e. currently $5,000 a month or $60,000 a 12 months. As an employer you have certain statutory obligations and duties to your workers.
They just need you to ship them some cash after which run away before you realize they don’t know much about incorporating corporations. If you name them during enterprise hours, does somebody answer the phone? It doesn’t have to be excellent, as English isn’t the primary language in Hong Kong after all.
However, we recommend placing a powerful written contract in place for every employee. Written contracts maximize clarity, cut back misunderstandings, and enable productive, harmonious relationships between your company and your employees. Each agreement ought to lay out the employee’s job duties, compensation, termination requirements, and advantages. Additionally, buying electrical energy for a model new property poses a big hurdle for so much of firms. To connect to the power grid, your organization will want to submit a written application, and the time estimation earlier than the ability is turned on could additionally be properly over a month. Planning physical properties so your organization can register an handle in Hong Kong is commonly difficult.
Being an economic free cosmopolitan, this nation has turn out to be a hub to start-ups. The foreign investors are setting different enterprise constructions right here relying on their business requirement. Shares symbolize the contribution of funds from shareholders to the corporate. A company included in Hong Kong must have a minimal of one shareholder.
Our unique Backoffice submits your application on to the Hong Kong authorities Companies Registry workplace as it enjoys round the clock entry to them. After analyzing all of the certificates via our on-line submission, the CR workplace takes just a few hours to concern your company’s doc electronically. After a while, each you and Startupr can obtain e-documents of your Business Certificate and Incorporation Certificate, including your new company number. Right after that, you’re in business, and may begin using your firm. Simple company incorporation – The process to incorporate your company is easier in Hong Kong. Your shareholders and directors do not have to be Hong Kong residents, so there are fewer necessities to set up the enterprise if you finish up a foreigner.