Opening business is really blissful here at Hong Kong as it is Asia’s business capital. Hong Kong hails best transportation and finest location all across Asia. From Hong Kong to any other key market, you need to undergo 4/5 hours and it maintains wonderful and exceptionally good relation with china. May be for that, today Hong Kong has emerged as a gateway to china. Hong Kong functions under no one, it is autonomous and has their own set of executive and legislative powers. Here the business approach is laissez-faire with no undue government interference. Here at Hong Kong, English is spoken along with mandarin and Cantonese so people belonging to any part of the world can come here and do business with full satisfaction and understanding. Hong Kong maintains simple and low tax system where corporate profit tax is not much and personal income tax is not more than 15%. Surprisingly here you will find no sales tax, tax on capital gains, no withholding tax. Profit tax is never exercised over international shipping activities even profit tax also not levied upon overseas earning. Now when all the aspects of HK business is unfolded, it’s time to understand few other important aspects like tax filing or share transferring.
To run incorporate hk company you need shareholder, director and a secretary. You need a Hong Kong based secretary or a consulting agency and one such promising agency is jv consultants limited. This professional agency will be providing you satisfied assistance in tax filling. While taking about tax filing, tax should be paid within the 42 days of incorporation. It is possible for maximum businesses to forget about it, Hong Kong company tax filing is best done by jv consultants limited as this is one of the competent of all consultancies , as they will be preparing the file also be sending reminder in due time. Unlike any other HK consultancy jv consultants limited is known to provide number of services and while working with them be rest assured that your tax will be submitted without exceeding the due date.
When it is about share transfer, jv consultants limited does a lot to help the business owners. If the company is dormant for quality time or if the company has never done any business or there is no issue with the assets then it is easy for share transfer as it will be taking only 2/3 days for process completion. However when it is about share transfer in Hong Kong for an company which is active in functioning , the share transfer documents are needed to be submitted along with the latest audited financial statement. Now there are other laws and rules which you are required to understand, however with jv consultants limited you never have to run behind departments to understand and learn the laws. As this consulting agency has the full updated information with respect to share transfer and no matter how intricate the entire process is, under their supervision everything turns out easier and effortless.