13 Jul
Hong Kong International Tax Planning
Posted in Business Management, Financial Management by adminThe client who has ordered registration of the company, receives the complete set of notarial copies of documents of the company, properly assured by an apostille.
All companies should hold annual meetings of shareholders (not necessarily in territory of Hong Kong). Duties of the secretary of the company include preparation of the report of carrying out of meeting of Board of directors and annual general meeting of shareholders, preparation of notices on annual general meeting, preparation of the report of annual general meeting, annual report preparation (Annual Return) and its representation into the Register of the companies, check of observance of requirements of the Law on the companies, filling of forms of the governmental departments directed to the company within year.
In Hong Kong there are requirements to the company name. Names concerning the state or the royalty (Royal, Federal etc.) are forbidden. The names assuming financial activity (for example, Building Society, Chamber of Commerce, Chartered, Co-operative, Imperial, Kaifong, Mass Transit, Municipal, Savings, Tourist Association, Trust, Trustee, Underground Railway, Bank, Insurance, Assurance, Reinsurance, Fund Management, Asset Management, and Investment Fund, and also their equivalents in other languages), are subject to licensing.
For conducting bank, insurance or financial activity it is necessary to obtain the license.
Names of the companies can be only in English, only on Chinese or in both languages simultaneously. The company cannot be registered under a name identical with a name of already existing company.
The taxation of the companies of Hong Kong.
The system of the taxation of Hong Kong was generated on the sample English and has in many respects inherited principles of the Complex of actions of the British commonwealth in the field of a tax policy, accepted in 1947. In Hong Kong there is no division of the companies on resident and non-resident, and the territorial principle of the taxation is accepted.
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