Starting a company with coworking space, company formation and auditing in Hong Kong
Coworking Space
is an emerging work mode that provides the comfortable environment for the
social gathering of numerous people who can cooperate with each other in order
to achieve the most efficient work. Whether they are small businesses,
start-ups, entrepreneurs, innovators, freelancers or independent individuals,
they can gather together to share work environment.
OneStart not only provides
the most comfortable working environment, flexible working hours, completeness
of equipment, but also offers a platform for the customer to communicate and
cooperate with each other, which can make you to create a unique business
system and get access to the latest business information. Using the low cost to
maximize economic benefits is not a dream any more.
Hong
Kong is the significant international
financial, service and shipping center in the world. It is also information
highly developed international city with the most free trade port, which is the
reason that numerous merchants come to here to register Hong Kong Company to
develop the business and improve the company image.
The merits of company incorporation in Hong
Kong:
l Own a well-established and trusted legal system
l Enjoy a simple tax regime
l Choose the company name freely
l Business scope is not restricted
Limited
Company and Unlimited Company
A limited liability company (LLC) is
established by one or more shareholders, it shall be limited to the capital
contributions, and the company should take limited responsibility. Shareholders
undertake the limited to investment assets of the company if the company
losses. As for other personal name assets, it will not be affected.
Unlimited liability company is established
by one to six shareholders, the company should undertake unlimited liability
for the debts of the company. It means that the proprietors of the unlimited
company and partners should contribute all the assets under their personal name
property when the company assets are insufficient to settle debts.
Accounting Swevice
Section 51C of the Inland Revenue Ordinance
requires
Every person carrying on a trade,
profession or business in Hong Kong to keep sufficient records in the English
or Chinese language of his income and expenditure to enable the assessable
profits to be readily ascertained.
Such records shall be retained for a period
of not less than 7 years.
Failure to comply with the requirements of
the Ordinance without reasonable excuse may be liable to a maximum fine of
HK$100,000.
The records prescribed in the Ordinance
include
Books of accounts recording receipts and
payments, or income and expenditure
Vouchers, bank statements, invoices,
receipts
Records of the assets and liabilities of
the person in relation to that trade, profession or business etc.
ARRANGEMENT OF AUDIT IN
HONG KONG
New Notice of《Companies Ordinance》
Starting from 2015, under the Companies
Ordinance (Cap. 622) of the Laws of Hong Kong, it requires a Hong Kong Limited
Company’s directors must prepare for each financial statements, otherwise,
he/she will be subjected to penalty.
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