Local staff should be hired via government admitted
agents
Although not profit center, cost expenses still
attract tax liability(ies)
Takes
around one (1) month to apply
A chief representative (CR) is to be appointed
Company should be able to present bank reference
letter showing 6 digit average balance in past 6
months (in HK$ terms).
An office premise rental agreement (or ownership
document) which is valid for foreign investor use.
The term should be at least 12 months long.
Applicant company
Certificate of Incorporation
Member register
Director register
Last filed return to company registry
Last filed return to tax department
Company/Business profile and reason of setting
up RO
Minutes of board meeting to setup RO
Minutes of board meeting to authorize chief representative
Bank reference letter
Chief representative
Valid Passport copy
Photos
Resume
Application letter
One to Foreign Economic Relations & Trade
Commission
Another one to Administrative Council of Industry
& Commerce
Although
a RO is not to conduct business, it attracts tax on:
Chief representative and local staff's individual
income tax (IIT)
Business tax base on monthly operational expenses
(BT)
Income tax base on annual operational expenses (IT)
IIT
above depends on salary amount while BT 7 IT roughly amounts
to 10% of annual operational expenses.
License
renewal - RO license has to be applied again once permit
is expired. Maximum 3 years approval will be granted and
depends on rental lease terms.
Tax filing has to be done on monthly and annual
basis.
Moreover, there are statutory audit on the expenses
account and foreign currency back account
Service fee for monthly accounting and tax filing
starts from RMB 2,500 while annual audit starts from
RMB 5,00
Click
here to find out our charges for the above
mentioned services or call us at 852.2736.4745 for more
information.
Untitled Document
You are visitor No. on this site