• Introduction of HK Company ("HK")
• Why Structure with Your HK Company and Subsidiary WFOE in China?
• Proposal for HK Company Registration
Introduction of HK Company ("HK")
HK, officially the HK Special Administrative Region is one special administrative regions of China. The territory lies on the eastern side of the Pearl River Delta.
HK was a dependent territory of the United Kingdom from 1842 until July 1, 1997. Under the policy of "one country, two systems", the Central Government is responsible for the territory's defense and foreign affairs, while the Government of HK is responsible for its own legal system, police force, monetary system, customs policy, immigration policy etc.
HK remains one of the top twenty trading economies, the world's third largest financial center.
HK's corporate law is strongly based on the British Legal System. Local businesses are regulated and HK regards itself as a low tax center rather than a tax haven. Taxes are levied on profits which is 16.5% since Financial Year 2008/2009. Under special circumstances, a HK company may even declare business transactions as offshore which are subject to 0% tax in HK.
As HK's role is as a major trading and gateway to China mainland and Asia, some companies formed in HK are for trading purposes generally, while some use it as HQ of its’ operations in China mainland.
Unlike other China cities, HK has no restrictions on capital transfer in/out of HK. (No Foreign Currency Control)
Information provided below will guide you to:
• Introduction of HK Company ("HK")
• Why Structure with Your HK Company and Subsidiary WFOE in China?
• Proposal for HK Company Registration
If you have any questions about your China business, please feel free to contact us for free.
Contact us in Shanghai, Beijing, Shenzhen or HK for more details:
Jilian Consultants
Telephone：
+(86)21- 6071 0208(Shanghai)
+(86)0755-2394 1595(Shenzhen)
+91 124 436 1515(India)
Email：info@ijilian.cn
Address：
Rm2008, O.T.C Building, No.912,Rd Gonghexin, Shanghai, China.
Rm6519，block A，Jingjibinhe Times Building,Futian District,Shenzhen.
Centrum Plaza First Floor,Office No.111，Golf Course Road，Gurgaon.
Rm104, Tower 1, Shakti Towers, 766 Anna Salai, Chennai, Tamil Nadu.
Our consulting specialist:
Ms. Vivia Fan(English & Mandarin)
Wechat/Mobile: +(86)135 2424 9506
Email: vivia@ijilian.cn
Ms. Claire Qin(English & Mandarin)
Wechat/Mobile: + (86)189 2372 4682
Email: claire.qin@ijilian.com
Mr. Tony Chen(English & Spanish)
Wechat/Mobile: + (86)185 2105 5967
Email: tony.chen@ijilian.com
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Email:info@ijilian.cn
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