January 8th, 2020
Hong Kong, China does not issue TIN* for communicating with taxpayers. The following identifiers will be equivalent to TIN:
- Individuals: Hong Kong Identity Card (HKID) number. The HKID is an official identity document issued by the Immigration Department of Hong Kong, China for all residents of age 11 or above (other than those exempted).
- Entities: Business Registration (BR) number. The Business Registration Office of Hong Kong, China is responsible for registering businesses carried on by entities. The BR number is a unique number assigned to a business.
[Note: * An individual with a personal eTAX account may register a self-selected “TIN” with the Inland Revenue Department which is solely for accessing the e-services provided by the Department. Such “TIN” is not used as a tax identifier and therefore should not be provided or collected for automatic exchange of financial account information purposes.]
Source: OECD.org
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January 12th, 2017
QUESTIONNAIRE
Kindly fill in all details in the form
Company Information
Company Name
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Mailing address for the account
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Main country of business
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Names of all signatories for this account
(exactly as per passport)
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2.
3.
4.
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Ultimate Beneficial Owner Details:
Name
Contact Number
Residential Address
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Questions
1. Primary Business Activities (and website if any). Elaborate:
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2. Secondary Business Activities (and website if any). Elaborate:
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3. What is the key reason for setting up a company using Hong Kong jurisdiction?
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4. What is the reason for choosing to open the bank account in Hong Kong?
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5. What will the Hong Kong bank account be used mostly for? (eg. investments or operational account)
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6. Background of the beneficial owners
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7. What is the source of wealth of the beneficial owners
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8. Names of some of your suppliers
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2.
3.
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9. Names of some of your customers
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1.
2.
3.
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10. Names of some of your counterparts/ sister company
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11. Expected turnover per year
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Posted in Bank Account Application, English | Comments Off
March 22nd, 2016
Important Notice
Waiver of Business Registration Fees for One Year
(from 1 April 2016 to 31 March 2017)
The Revenue (Reduction of Business Registration Fees) Order 2016 (”the Order”) was published in the Government Gazette on 24 February 2016. By the Order, the fees payable in respect of business registration certificates and branch registration certificates that commence on or after 1 April 2016 but before 1 April 2017 will be reduced by a sum of $2,000 and $73 respectively. Taking into account of the Order, this Office has not demanded the registration fee for the above period in the renewal certificate and demand note for the business or branch. Levy still remains payable.
Please note that the Order is still subject to scrutiny by the Legislative Council. In the event that the Order is not passed or is amended by the Legislative Council, this Office would notify the proper amount payable for the business or branch.
For further enquiry, please call 187 8088.
Business Registration Office
Inland Revenue Department
March 2016
IRBR202 (2/2016)
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March 15th, 2016
A shareholder can sell all or part of his shares to another person. The Stamp Duty Office charges stamp duty for share transfer. The stamp duty is 0.2% of either the net asset of the company or the sale price of the shares, whichever is the higher. Our share transfer service includes:
- Instrument of Transfer
- Bought Note and Sold Note
- Account confirmation letter
- Preparation and filing of items 1. - 3.
The documents required by the Stamp Duty Office are:
- A copy of the Certificate of Incorporation
- A copy of the Articles of Association
- The latest audited account of the company, if the company has conducted business or had assets
- The management account less than 3 months old of the company, if the company has conducted business or had assets
- Government form declaring values of real estate properties, if the company is holding any real estate property
- A copy of Form NSC1, if any
- Share transfer documents, if any
- Share transfer agreement, if any
Posted in Company Secretary, English | No Comments »
March 15th, 2016
A company can add a new shareholder by allotting new shares to the shareholder. Our share allotment service includes:
- Application for shares for each shareholder
- Directors’ minutes approving the share allotment
- Company’s minutes authorizing the directors to allot new shares
- Preparation and filing of the Form NSC1
The following information is needed for documents preparation:
- the new shareholder’s passport page scan copy showing the name
- his residential address
- number of shares / percentage of ownership he is going to acquire
- the amount of fund he is going to pay to the company for the shares / percentage of ownership
Posted in Company Secretary, English | Comments Off
March 14th, 2016
Our company name change service includes:
- Directors’ minutes authorizing the change of company name
- EGM minutes authorizing the change of company name
- Certificate of Name Change
- New Business Registration Certificate
- A set of new company chops
Items 1.- 4. are required for changing company name at the bank, and the signatures on item 1. must match the signatures on bank’s record. It takes 2 days to update the government record, additional 2 days to receive the new Business Registration Certificate. It will take the bank two weeks to update the company name after submitting items 1.- 4. to the bank separately.
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September 7th, 2015
- Initial deposit: HKD $50,000.
- Account opening fee: HKD $1,000.
- Annual Fee: HKD $800.
- If the average monthly balance is less than HKD $100,000, there will be a HKD $500 monthly fee
Posted in Bank Account Application, English | No Comments »
June 22nd, 2015
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June 22nd, 2015
- Company name
- Principal activities
- Total turnover during the period (HK$)
- No. of sales during the period
- No. of purchases during the period
- Value of closing stocks at year end (HK$)
- No. of land and buildings/investment properties
- No. of motor vehicles
- No. of valuable machineries / furniture
- No. of debtors as at balance sheet date
- No. of creditors as at balance sheet date
- No. of subsidiaries and associates
- No. of representative offices / branches
- No. of bank accounts
- No. of bank loans
- No. of hire purchase items
- No. of employees
- No. of commission payees / subcontractors
- No. of [1] shareholders and [2] directors
- No. of pages of bank statements per month
Posted in Accountng, Audit, Tax Filing, English | Comments Off
January 23rd, 2015
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