The Hong Kong business laws require individuals to pay progressive tax rates starting from 2% up to 17% according to taxable income whereas the Hong Kong corporate tax rate is at 16.5%.
Yes, Hong Kong is one of the most liberal economic states globally. Besides its free trade policy, Hong Kong has no trade barriers, and it does not limit foreign onshore and offshore investments.
Yes, Hong Kong and Mainland China have different business regulations and their system of governance are independent of each other.
The Hong Kong business law requires that one has at least 6,000 HKD annually to help them in the license renewal and payment of registered address, including the company secretary expenses.
Are foreigners allowed to own a business in Hong Kong?
The processing time for a work visa normally takes around 2-3 months.
A year. The visa can be renewed when it is expired.
A company can process Employment for Professionals application as many times as they needed for foreign workers. No quota system is being applied for work visas under this scheme.
Expats with educational qualifications and work expertise can work in Hong Kong with a work permit calls Employment for Professionals.
The process of obtaining a self-employment visa in Hong Kong is the same as that of a business visa. They should cost no more than 250 HKD which is approximately 33USD.