SETTING UP A HONG KONG COMPANY PART THREE: Taxation

When is it necessary to pay taxes?   Hong Kong profits tax is ONLY charged on profits derived from a trade, profession or business carried on in Hong Kong. (This means that a company which carries on a business in Hong Kong, but derives profits from another place, is not required to pay tax in …

SETTING UP A HONG KONG COMPANY PART TWO: Requirements For Hong Kong Companies

With all the benefits you have with establishing a Hong Kong company, there are also a few requirements to follow. All Hong Kong Companies are required to keep accounting records of the following: a) All sums of money received and expended, and the matters in respect of which the receipts and expenditure take place b) …