Hong Kong has a very simple taxation system: Starting as of April 1, , your company will pay 8. Click here to learn more about this topic. In this case, your company will only have to pay taxes on the profits generated in Hong Kong and no taxes on profits generated elsewhere. In addition, note that many countries have laws to determine if a foreign company is really run from the country in which one or more of the directors reside Controlled Foreign Corporation CFC rules. In this case, the country in which the directors live could require payment of the difference between the tax on company profits in the country in which they reside and Hong Kong. For this reason, it is important to discuss this with an accountant in your country of residence before starting a company in Hong Kong.
Strategic Development Plan for Hong Kong 2030
Implications of Greater Bay Area Development Plan for Hong Kong Entrepreneurs
Hong Kong has a special migration visa scheme called Entry for Investment for foreign entrepreneurs who wish to relocate to operate their own business in Hong Kong. One of the main criteria for grant of the entrepreneur visa lies in whether you are able to prove that your business will make a significant contribution to the economy of Hong Kong. You are allowed to bring your spouse and unmarried dependent children under the age of 18 to Hong Kong under this scheme. You are also eligible to apply for Hong Kong permanent residence in due course. The entrepreneur visa is generally issued for one-year period initially and is renewable thereafter as long as your business remains viable. There is no minimum investment requirement specified by the authorities when applying for the entrepreneur visa. However at the time of processing your application, the authorities will closely examine your proposed business plan to assess if your proposed investment is sufficient for the business you plan to set up.
Hong Kong and the Greater Bay Area: a political manifesto masquerading as a business plan?
By Staff Writer. Writing a business plan can feel a bit daunting, yet having some sort of plan is essential to set yourself on the right track, analyse your business environment, clarify what you expect from your venture, and to use as a tool to review and evaluate your performance. A business plan can also be a way of attracting investment, though many investors prefer solid evidence of your current success rather than future aspirations. The key is to keep your plan simple and user-friendly so it works for you, and to be flexible in adapting or moving away from the plan to meet the needs of a constantly changing economic environment. There are plenty of business plan templates and examples to use.
Hong Kong is the culinary capital of Asia, housing a wide choice of restaurants that offer cuisines from all over the world. As a result, the Hong Kong Food and Beverage industry is robust, with a strong market for the restaurant business. There are several licensing requirements that must be adhered to in order to setup a restaurant or food and beverage related establishment in Hong Kong. Additionally, you may require other licenses if you plan to sell liquor on the premises, use an open area for alfresco dining, or prepare bakery products, etc.