Low Tax - Non-HK source income is not taxed, and locally generated income is subject to tax at 16.5%. There is no tax on dividend payments.
Full accounts must be prepared, audited & filed. Every Hong Kong company must produce annual audited accounts and appoint a Hong Kong registered auditor except: -
- Dormant i.e. Non Trading Companies.
- Small companies (Companies whose annual turnover does not exceed HK $500,000 c. US$60-65,000. The company registry is public although nominees are generally used to provide privacy.
Every Hong Kong company must have a local resident secretary, a registered office in Hong Kong and a Business Registration Certificate.
A nominal business registration fee is payable within one month of the date of incorporation and then annually on the anniversary of incorporation.