Business Development

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A haven of stability and prosperity

 A legal framework based on the English common law

 Hong Kong economy is the 1st_{freest for the 20}th_{consecutive year (Index of} Economic Freedom 2014, Wall Street Journal)

 No corruption

 Anglo-Saxon business culture  Free circulation of capital and goods An attractive and stable tax system

 3rd_{lowest taxation in the world}

 Only 3 direct taxes: on profit, on income and on property  No taxe on dividend, no Value Added Tax

 Tax agreement between France and Hong Kong

 Tax and free-trade agreements between Hong Kong and Mainland China A gateway to China and Asia

 A historical crossroads for business between Chinese companies and the rest of the world

A dynamic consumption

 A consumption highly boosted by the increasing number of tourists (the majority of them coming from Mainland China) and their appeal to new things

A leading market for French products  2nd _{trade surplus of France in the world}

 The French know- how contributing to local GDP A strong French presence

 More than 750 French companies or subsidiaries in Hong Kong, hiring almost 30,000 employees and generating €7 billion revenues

 16,000 French people representing a dynamic and diversified business community (groups, SME, start-ups)

 An excellent reputation of France in Hong Kong: French know-how is well represented in leading sectors in Hong Kong such as Trading, Finance, Food & Beverage, Infrastructure, etc.

Why set up a company

in Hong Kong?

For more information:

Francois Chabaudie, business development manager

The french chamber of commerce and industry in Hong Kong 21/F, on Hing Building, 1 on Hing Terrace

Central, Hong Kong

Direct: (+852) 2294 7713 Fax: (+852) 2524 1428 Email: [email protected]

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 Creation and domiciliation : HK$ 22,000 Are included :

 The research for the availability of the company name with the Companies Registry Center

 The incorporation of the company

 The writing and submission of the statutory documents of the company  The statement declaration of the name and address at the Inland Revenue

Department

 The communication of the domiciliation address to the Companies Registry  The nomination and fees of your Company Secretary (mandatory for the

creation of your company)

 Our assistance for the opening of a multi-currencies bank account  The 1st_{year of domiciliation at the French Chamber of Commerce :}

o Located in heart of the business district Central in Hong Kong o Allocation of a private phone number and fax

o Reception calls on behalf of your company by a trilingual receptionist (English, Cantonese, Mandarin)

o Handling your mail

o Forwarding your mail per fax or email

Annual cost: HK$ 22,000

Optional Costs:

 Accounting (annually or monthly) : HK$ 1,000 / month

Indicative price depending on the number of transactions and the turnover

 Working Visa : HK$ 9,500

See our offer for support to get a working Visa

 Rent an office (in the framework of the Visa application)

These costs don’t include the profit tax (16.5%), payroll taxes, such as the MPF (5%) and other operational expenses

Central, Hong Kong

Full Package – set up and

domiciliation of a company

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The package includes the cost for the creation and the domiciliation of your

Private Limited Company for the first year in Hong Kong.

For the next years:

Mandatory administrative costs:

 Annual Company Secretary fees: HK$ 6,000 (including renewal of the Business Registration Certificate and the submission of Annual Return)  Annual domiciliation fees : choice between option 1 (HK$ 4,800) or

option 2 (HK$ 9,000) – please see here after

Auditing annual fees (if the business has started)

 Audit: minimum of HK$ 15,000 (after 18 months of activity, then once a year)

Annual cost: around HK$ 27,000

Optional variable costs:

 Accounting (annually or monthly) : minimum HK$ 1,000 per month

 Mandatory Provident Fund (employees retirement system) : 5% of

employees’ income (limited to HK$ 1,250 per month)

 Additional services (monthly payroll, minimum HK$ 275)  Renting an office

These costs don’t include the profit tax (16.5%), payroll taxes, such as the MPF (5%) and other operational expenses

Annual Cost of a company

in Hong Kong

Central, Hong Kong

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Appui aux entreprises

Our virtual office offers the same advantages as a physical office but at a much lower price. It enables you to run your business either from your home or your offices in France with a professional image in Hong Kong.

Our offer includes a corresponding address in the heart of the business district in Hong Kong, a private phone number with a professional receptionist to answer your incoming calls on behalf of your company and the daily management of your mails and couriers.

You can choose between two options:

1. Option 1: corresponding address and mails forwarding

2. Option 2: corresponding address, fax and mails forwarding, private professional receptionist on behalf of your company.

Option / Type Option 1 Option 2

Mensual Cost Annual Cost HK$ 400 (*) HK$ 4,800 HK$ 750 (*) HK$ 9,000 Address in the center of the

business quarter in Hong Kong

X X Administrative corresponding

address

X X Reception of the mails (possible

forward worldwide)

X(**) X(**)

Scan and forward of your mail by e-mail

- X

Private mailbox - X

Private phone number

Fax number - X

Professional trilingual receptionist for your private line

- X

Taking messages - X

Voicemail - X

Voicemail to e-mail - X

Reception and forward of Fax (by scan)

- X

Competitive prices for the Video-Conference

X X Free access to the Wi-Fi in our

pantry

- X

Free soft-drinks/coffee in our pantry - X

On demand secretarial services - X

(*) Minimal subscription of one year payable in advance

(**)For any mail of less than 40g (except parcels, large mails, express and acknowledgment letters)

Domiciliation Offer

Central, Hong Kong

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A customized service during the whole incorporation process

 Arranging appointments with the Company Secretary and the bank for opening the bank account.

o A virtual domiciliation in the heart of Hong Kong’s business district with the allocation of a private phone number, fax and mails forwarding, messages, voicemails and daily management of mails

o Facilitating connections with trustful partners

A wide range of services to answer your needs  Supporting for a working visa application,  Renting an office in our Business Center,

 Translating your documents by authorized translators,

 Performing business missions (i.e market research, business matching, etc.)

The French Chamber is a dynamic organization to connect people, ideas and actions

 1st_{European chamber in Hong Kong,}  4th_{French chamber in the world,}

 +1000 members (out of which 60% are French people),  25,000 readers of the quarterly magazine Hong Kong Echo

Become a member and benefit from this network to get your business on the fast track

 Participation to the French Chamber’s events (100 events per year) to grow your network,

 Enrolment in our committees (16 committees organized by sectors of activity) to share your experience,

 Reception of our newsletters to stay informed about economic news and trends.

Why set up a company with

the French Chamber?

Central, Hong Kong