The Registration Organ Of Hongkong Company Details The Difference Between Foreign Trade Companies And Hongkong.
As an international financial center in the world, Hongkong stipulates that the principle of Taxation on regional sources increases the attraction of many companies to register here, because it can avoid restrictions imposed by many foreign investment companies in many countries. The great advantages of policy make Hongkong the best choice for the world's companies to register. Through the years of professional experience and knowledge accumulated by people who have been in charge of tax collection by Shenzhen Hongkong registered company, we have summed up seven differences between registered foreign trade companies and Hongkong companies. Please bear in mind and remember them carefully, because maybe one day you will start using your own company as boss.
1. The registered capital is different:
The capital of Hongkong registered companies is not capital verification, the minimum 10 thousand Hong Kong dollars, but the economic responsibility on behalf of shareholders.
The registered capital of a foreign trade company needs to be verified. If registered companies have the right to import and export, the 1 million registered capital is higher for small and medium enterprises.
Two. Registered Office address Different:
After the registration of Hongkong company, you can not work on the spot in Hongkong, and do not need to rent an office building.
The registration of foreign trade companies must have offices of business buildings, especially import and export companies. The government will check the offices every year.
Three, employees are different:
After the registration of the Hongkong company, it is not necessary to hire employees in the field because it is not necessary to work on the spot in Hongkong. Even if the family office is available, you can directly receive orders and receipts from Hongkong company.
It is also a very important cost to hire a business building after the registration of a foreign trade company.
Four. Nature of accounts Different:
Hongkong itself is an offshore company, so the accounts opened later will be neither offshore nor Hongkong local accounts. It is free to receive payments from overseas guests and does not require settlement. Any account in the account may be transferred to any enterprise or individual account within or outside the country. If transferred to a mainland company account, which is equivalent to the foreign exchange entry, the mainland enterprises can go through the cancellation and refund. Profits can also be transferred to the mainland's personal foreign exchange accounts if they are retained in the account, and then they will be used for settlement. If you need to transfer funds overseas, you can also turn out directly without the approval of the safe.
The mainland's foreign trade companies have difficulty in having the right to import and export and to declare foreign currencies.
Five, trade requirements are different:
Through the registration of Hongkong company to do intermediate trade, it is also necessary to pass a domestic factory or foreign trade agent, but at the same time open a company account, accept foreign currency directly, without foreign exchange restrictions.
The registered foreign trade companies in China have the right to import and export their own businesses. The registered capital needs to be more than 500 thousand yuan, otherwise the factories or foreign trade agents should still be entrusted when they import or export.
Six, different taxes
Hongkong registered companies have few taxes, low tax rates, no VAT and business tax, and the main tax is profits tax (equivalent to domestic income tax, 16.5% tax rate). The Hongkong tax system applies the principle of "taxation of regional sources", that is, "business does not operate locally, and profits are derived from overseas", which can apply for government exemption from profits tax. In addition to tax exemption, the tax return period of Hongkong registered companies is different from that of the mainland. It is the first time for 18 months to declare tax after the establishment of a company.
Registered foreign trade companies have more value-added tax, business tax and income tax. The income tax is 1 times a month, and the profits will be taxed immediately. The 25% rate of income tax is very high.
Seven. corporate image Different:
Hongkong has been highly praised by the international community and enjoys a good reputation worldwide. In the eyes of the international business community, Hongkong is a strong brand and has potential to develop into an international brand. The establishment of a company in Hongkong is regarded as having different characteristics. Hongkong's brand enjoys a high degree of esteem. The international community's recognition of Hongkong brand has great advantage of high value. Therefore, the establishment of a company in Hongkong is a fast way to build brand. The brand is strong and has the potential of brand development. To judge whether an enterprise's brand is strong, we need to consider the origin of the brand, the degree of esteem and the user's understanding of the brand.
For more information, please pay attention to the world clothing shoes and hats and Internet cafes.
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