How Much tax will I have to pay in Hong Kong?
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%.
Are Hong Kong business laws favourable for doing business as compared to China?
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.
Does Hong Kong have a separate business law from that of Mainland China?
Yes, Hong Kong and Mainland China have different business regulations and their system of governance are independent of each other.
How much do I need to start and maintain a company in Hong Kong?
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?
Are foreigners allowed to own a business in Hong Kong?
How long does it take for me to process a work visa when I hire a foreigner in Hong Kong?
The processing time for a work visa normally takes around 2-3 months.
How long is the validity of an Employment for Professionals work visa?
A year. The visa can be renewed when it is expired.
How many work permits, specifically Employment for Professionals, can a company apply for a year?
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.
What is the work permit for expats to work in Hong Kong?
Expats with educational qualifications and work expertise can work in Hong Kong with a work permit calls Employment for Professionals.
What is the cost of the Hong Kong visa?
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.
