3. Tax Filings Lastly, you can determine the company's classification by examining its tax filings. C corporations are required to file separate tax returns with the Internal Revenue Service (IRS) and pay corporate income taxes accordingly. In contrast, S corporations are pass-through tax entities...
A company will be required to maintain a minimum presence in its place of incorporation – a registered office and a resident company secretary and/or a resident agent. We generally provide these services for all of our clients and describe them as ‘domiciliary services’ We also provide the ...
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BR application - HK$800 for HK resident, or HK$1,200 for non-HK resident BR fee exemption - HK$1,000 Accounting & tax filing per year - maybe as low as HK$2,000 because no audit is required. The actual charge depends on income, volume of transaction and business nature of the co...
Examples of that type of number include: (a) (for individuals) a social security/insurance number, citizen/personal identification/service code/number, and resident registration number. (b) (for Entities) a Business/company registration code/number. Controlling Person Tax Residency Self-Certification...
Tax residence is referred to in the Amendment Ordinance as “jurisdiction of residence”, which means a territory of which an individual or entity is a resident for tax purposes. In general, whether or not an individual or entity is a tax resident of a jurisdiction is determined by having re...
Type of Company Limited Legal System Common Law + Basic Law Corporate Requirement Minimum Number of Shareholders 1 Minimum Number of Directors 1 Registered Address Yes Company Secretary Yes Other Corporate Tax 16.5% Filing of Annual Return Yes ...
The place of management and control of a company is usually one of the critical factors in determining tax residency. Therefore, a HK Company, although incorporated in Hong Kong, but managed and controlled from out a foreign tax jurisdiction, is likely to be regarded as a tax resident in tha...
Company Statute. This is where the principle of your business is written; Fill out the registration form. It must indicate the company name, legal address, type of activity, information about directors, shareholders and secretary, passport details of directors and non-resident shareholders of the ...
person; and • to claim that you are the beneficiary of the U.S.-sourced income for which the Form W-8BEN is provided; and • to claim, if applicable, a reduced rate of, or exemption from, withholding tax by being a resident of a foreign country with which the United States has...