Tag: Formation

With state-of-the-art infrastructure and government support, Singapore is an ideal business location in the Asian market for foreign investors. Find out more about how foreigners can register a company in Singapore here.

Singapore’s tax rates are low, making it very attractive for any business to open here. However, simply dropping by a bank in Singapore to open an account isn’t as easy as it seems.

we will introduce to you the Key Fact about annual renewal for this Private Limited Company by Shares. It is required to appoint a company secretary. The Company Secretary must be HK residents or bodies corporate having their registered address in HK.

More effective coordination of business with Hong Kong government officials.

Gratuitous transfer shares or conveyance of investment of capital by way of gift, the donor is generally liable for gift tax return and payment.

Let’s find some information about Hong Kong Company Formation & Maintenance!

Every Malaysia companies must prepare annual audited financial statements and appoint an auditor within 18 months from the date of incorporation and, who must be a member of the Malaysian Accounting Standards Board and hold a practising certificate.

Yes, you can change your company name after register a company in Singapore but the company has to file the change of company name via ACRA.

In general, after the company is incorporated and setup, as a business owner and investor, the corporate bank account will be needed in order to run your business.

In general, unless a person has the right of abode or right to land in Hong Kong, he or she requires a visa or entry permit to work, study, establish or join in any business, take up residence or to stay in Hong Kong as a visitor longer than the allowed visa free period.

For Hong Kong company incorporation, it is required to provide the residential address of each individual director and individual shareholder for registration. This address can be a non-Hong Kong address however “Care of” address and P.O Box address will not be accepted.

The goal of any nonprofit organization is to offer knowledge, services or research to benefit the broader community or general public using majority organization’s funds.

According to the Laws of Hong Kong, each company must hire a company secretary who must reside in Hong Kong or a group that must have its registered office in Hong Kong. Of all the duties, the company secretary has to make certain that the company is in compliance with the statutory requirements of the Hong Kong Companies Ordinance and must maintain the statutory documents of the company.

According to the Laws of Hong Kong, each company must hire a company secretary who must reside in Hong Kong or a group that must have its registered office in Hong Kong. Of all the duties, the company secretary has to make certain that the company is in compliance with the statutory requirements of the Hong Kong Companies Ordinance and must maintain the statutory documents of the company.

Under the Companies Ordinance, a company must have a registered office in Hong Kong to which all communication and notices may be addressed. It required that the registered address must be a physical address and cannot be a P.O. Box.

Under the Companies Ordinance, a company must hold an AGM in respect of each financial year of the company, instead of in each calendar year.

In fact, not every company can arrange deregistration. The company must be a defunct solvent company. Also, a director or member of the company, company limited by shares or company limited by guarantee can apply the deregistration.

Hong Kong Company Maintenance – Major government Annual Reporting
– Annual Return
– Business Registration
– PTR & ER

Singapore has established a financial centre of international repute and offers a broad range of financial services and retained its position as the largest foreign exchange centre in the region.

We have variety types of business organization that may be registered in Singapore. Let’s take a look at the different business structure types in Singapore:
1. Sole Proprietorship
2. Partnerships
3. Local Companies, it is the most common type of company in Singapore
4. Foreign Company as a Branch in Singapore
5. The last type of company will be Non-Trading Representative Office

As to compare the local company and foreign branch: Local Company will be suitable for overseas investor to explore business opportunity in Singapore.

The company should complete the (1) Annual Return filing; (2) the renewal of Business Registration Certificate; (3) Employment Return filing, and (4) profit tax return tiling annually.

There are several reasons for investors turn to Singapore for establishing their operations and one of the determinant is Singapore’s tax regime – well-known for its attractive corporate and personal tax rates, tax relief measures, non-taxable capital gains, one tier tax system and extensive double tax treaties.

Type of Hong Kong Companies
– Sole Proprietorship
– Partnership
– Private Company Limited

Regarding the significant controllers register, On 1 March 2018, the Companies Registry has commenced Amendment Ordinance and introduces new requirements on the keeping of significant controllers registers by companies.

Major Government Reports – Hong Kong corporation
– Compnay Annual Report
– Business Registration Certificate Renewal
– Corporate Income Tax Report
– Report of Employee Registration