An Introduction to Doing Small business in Hong Kong 2021, the most current publication from Dezan Shira & Associates, is out now and readily available for complimentary obtain via the Asia Briefing Publication Retail store.
Compiled by the professionals at Dezan Shira & Associates, this detailed guide is developed to introduce the fundamentals of investing in Hong Kong. It is excellent not only for corporations on the lookout to enter the Hong Kong sector, but also for providers that now have a presence listed here and want to continue to keep up-to-date with the most current and pertinent coverage variations.
An Introduction to Doing Company in Hong Kong 2021 handles the next:
- Creating and Managing a Company
- Tax, Audit, and Accounting
- Human Assets and Payroll
Inside these chapters, we explore a vary of unique subjects that influence undertaking company in Hong Kong, such as expenditure styles, crucial taxes relevant for international firms, and employment contracts.
The People’s Republic of China regained sovereignty about Hong Kong from Britain in 1997, from which place it has been a Special Administrative Location (SAR) of the country.
Having said that, the way in which the city is ruled is nevertheless fundamentally distinctive from the Chinese mainland – a fact that is reflected in its slogan of “One Country, Two Systems”.
Hong Kong is largely autonomous from China, and overseas companies will rapidly uncover that the regulations of doing company in the mainland basically do not apply in Hong Kong, and vice versa.
For this explanation, Hong Kong has extensive held a standing as a popular “gateway” to spend in China.
Its geographical proximity to the mainland, double taxation settlement (DTA) network, present day banking process and transparent legal routine have created it an excellent spot for foreign enterprises to quickly function in.
Even with the new unrest and the COVID-19 epidemic, Hong Kong continues to be the biggest resource of foreign direct investment (FDI) into China and a world-wide money hub. The latter will be even more strengthened with the advancement of the Guangdong-Hong Kong-Macao Bigger Bay Location (GBA).
This publication, built to introduce the fundamentals of undertaking business enterprise in Hong Kong, was developed at the commencing of 2021 utilizing the most up-to-date information at the time.
It was compiled by Dezan Shira & Associates, a specialist international immediate financial commitment follow that gives company establishment, business enterprise advisory, tax advisory and compliance, accounting, payroll, because of diligence and money review products and services to multinationals investing in emerging Asia.
China Briefing is prepared and developed by Dezan Shira & Associates. The follow helps overseas buyers into China and has done so since 1992 via workplaces in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please speak to the agency for support in China at [email protected]
We also sustain offices assisting foreign traders in Vietnam, Indonesia, Singapore, The Philippines, Malaysia, Thailand, United States, and Italy, in addition to our procedures in India and Russia and our trade investigation services alongside the Belt & Road Initiative.