Tel：+86 400 118 5939Address：Room 2810B, Block A, Tianli Central Plaza, Coastal City, Yuehai Street, Nanshan District, Shenzhen, Guangdong Province
Email：info@hyintern.com
+86 400 118 5939
牌照号：TC004750
Tel：+86 400 118 5939Five benefits of establishing a Hong Kong company
Secondly, there are only two types of tax reporting in Hong Kong, with low tax rates and convenient management. Many international companies have taken advantage of Hong Kong's tax advantages to reasonably reduce their tax burden and implement a policy of not paying taxes if they do not operate in Hong Kong.
Fourthly, Hong Kong's good international reputation is conducive to enhancing the international status and competitiveness of enterprises; At the same time, Hong Kong allows company names to contain words such as international, group, holding, center, etc., which facilitates the enhancement of brand image for enterprises.
Can a Hong Kong company be declared zero?
To make a 'zero declaration', the following conditions must be met simultaneously:
2. There are no records of monthly bank statements or any records of fund inflows and outflows;
4. There are no employees in Hong Kong;
From the above points, it can be seen that in order to file a "zero declaration" for a Hong Kong company, the company must be in a dormant state, without any business or assets, in order to submit a "business inactivity report".
At present, many companies still file zero declarations for Hong Kong companies even if they do not meet the above conditions. So what are the problems with multiple zero declarations for Hong Kong companies? Hongyuan International Consulting reminds companies and bosses who hold a lucky mentality based on years of experience in Hong Kong company secretarial services that consecutive zero declarations will face heavy penalties.
In recent years, the regulatory efforts of the Hong Kong Inland Revenue Department and banks have continued to strengthen, conducting bank data spot checks on customers who have reported zero returns for a long time. Many companies have already paid a considerable amount of taxes to the Hong Kong Inland Revenue Department. The reference standard for corporate tax payments is to directly levy profits tax based on a percentage of the bank's incoming amount, such as 8.25% or 16.5%.
You can learn more at Hongyuan International Consulting: http://www.hyintern.com/
Scan QR code to follow 【Hongyuan International WeChat】
Email: info@hyintern.com
Hotline: +86 400 118 5939
