Type of Company
Forms Download

Our Call Center

(852) 3427 2328
Our services

  • Company formation,  Initial consultation
  • Preparation of documents &legal requirements
  • Recruitment, Coordination with real estate brokers
  • Supervision of setup of office
  • Procurement of IT equipment
  • Facilitating necessary fit-outs for the office space

Type of office
The world’s easiest accounting system

  • Run your business Anywhere Anytime
  • Get paid faster with online invoicing
  • Reconcile in seconds
  • Tailor made dashboard
  • Receive direct bank feeds from HSBC

Our services
  • Xero Bookkeeping
  • Monthly Financial Statements & management reports
  • Account Receivable & Payable
  • Business Activity Statements &Payroll
  • Data conversion from existing accounting software to Xero
  • System training
  • Continuous phone support
Our services

  • Consultation of application
  • Formulation of application plan
  • Preparation of the required documents
  • Handle application, annual inspection, &extension
  • Personal tax planning & tax declaration

Type of Visa
Outsourcing payroll & HR administration to PayrollServe
Our payroll outsourcing services aim at delivering customized solutions tailored to deal with the size of the organization and diversity of the benefits requirement.
Our services
  • Employee Record Maintenance
  • Payroll Slips Issuance to Employees
  • Payroll Management
  • Leave Management
  • MPF Management
  • Taxation Filing

 

initial image

The Guangdong-Hong Kong-Macao Bay Area

(The Greater Bay Area)

 

The Greater Bay Area (GBA) aims to bring together the two Special Administrative Regions of Hong Kong and Macao with nine cities In Guangdong: Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing. Together, they will form a world-class city cluster that will play a leading role in global innovation, finance and trade.

 

By combining the strengths of each city to facilitate trade and growth, the Greater Bay Area has the potential to be an economic powerhouse that will be comparable or even surpass leading bay areas across the globe, such as the Greater Tokyo Bay, San Francisco Bay Area, and New York Metropolitan Area.

“Belt and Road” (B&R)

 

B&R refers to the land-based “Silk Road Economic Belt” and the seafaring “21st Century Maritime Silk Road”. The routes with strong emphasis on connectivity and international co-operation cover countries across Asia, Europe and Africa. It features co-operation priorities in enhancing policy coordination, strengthening infrastructural facilities connectivity, facilitating unimpeded trade, deepening financial integration and building people-to-people bonds among countries along the routes.

 

The B&R Initiative seeks to promote market integration and forge new ties among different economies, with the objective of driving deeper regional development by promoting cooperation in a variety of areas, expanding business opportunities and encouraging people-to-people exchanges among different regions.

initial image
rsz_shutterstock_204607813 (Resized)-1

WHY HONG KONG

Hong Kong is a small international city but as reflected on the flag of HK, it offers you a ‘5 stars’ environment to start a new page of your business.

  • GOOD TAX RATE TO INVESTORS

  • GOOD GEOGRAPHIC LOCATION TO ASIA AND MAINLAND CHINA MARKETS

  • GOOD INFRASTRUCTURE TO WORLDWIDE MARKETS

  • GOOD PROFESSIONALS TO DEVELOPMENT

  • GOOD LIVING STANDARDS TO LIFE

HONG KONG TAX SYSTEM

NO PROFIT TAX FOR BUSINESS ACTIVITIES CARRIED OUT OUTSIDE HONG KONG

A Hong Kong trading company with an account in HK wouldn’t become subject to HK taxes if:

 

  • The company has no physical office in HK and simply uses our address for receipt of mail
  • The organization has no staff in HK and its staff rarely visits HK
  • The company has an overseas office where its staff are based and work
  • The organization negotiates and signs contracts with its people and suppliers past HK
  • The organization has no people based in HK and doesn’t have payments from customers’ HK bank accounts
  • The organization has no suppliers based in HK and doesn’t make payment to suppliers’ HK bank accounts
LOW PROFIT TAX RATE FOR BUSINESS ACTIVITIES CARRIED OUT IN HONG KONG

Profits tax is levied at a rate of 16.5% on taxable profits arising from activities taking place in HK. Deductions and exemptions are given for business expenses that are incurred in earning the assessable profits and income.

INCOME
  • Dividends received are excluded from the assessable profits of the recipient
  • Exemption from payment of tax on interest derived from any deposit placed in HK with an authorized institution (not applicable to interest received by or accrued to a financial institution)
EXPENSE
  • Bad and doubtful debts (any recoveries to be treated as income when received).
  • Repairs of articles, premises, plant and machinery used in producing the profits.
  • Expenditure for registration of a trade mark, design or patent and expenditure on the purchase of patent rights or rights to any know-how for use in HK in the production of chargeable profits. No deduction is, however, allowable in respect of patent rights or rights to any know-how purchased by a person wholly or partly from an associated or related person.
  • Expenditure on scientific research including market, management and business research and payments for technical education subject to certain rules.
  • An employer’s annual contribution to a fund under a recognized occupational retirement scheme, or annual premium payment in respect of a contract of insurance under such a scheme, or any provision for these purposes, but limited in respect of any one employee to 15% of his total emoluments for the relevant period.

BANK ACCOUNTS OPENING IN HONG KONG

Hong Kong is renowned for its banking infrastructure. She is one of the few jurisdictions without foreign exchange control, which restrict fund flow into or out of Hong Kong bank accounts. The identity of account holder and transaction information is also subject to very high standard of confidentiality.

 

According to guidelines of The Hong Kong Monetary Authority, all banks in Hong Kong should meet their clients at least once before they can open any bank accounts for them. Therefore, customers cannot appoint an attorney or proxy representing their company for account opening.

 

Before opening a bank account, we will guide our customers to choose an appropriate bank. Further, we will prepare all the relevant documents and arrange for a meeting with bank managers. Our professional and experienced staff members will provide excellent quality services and will assist in the bank account opening process so as to shorten the processing time as much as possible.

 

Different banks have different requirements for account opening. In general, business plan, address proof and passport copy are required.

Enjoy Xero with Cloud Service & High Security

Over 1,000,000 subscribers worldwide

 

Run your business on the cloud

 

Anywhere / anytime accessibility to key transactional tasks creates benefits  that are obvious and incredible

Popular Features

Inventory

Inventory items speed up invoicing while tracking sales and purchases.

Create Purchase Orders

Create and email custom purchase orders and copy to bills for payment.

Multi-Currency

Reconcile foreign currency accounts, with exchange rates updated hourly.

Easy Invoicing

Create professional recurring invoices and receive updates when they’re opened.

Pay Bills

Manage your cashflow by scheduling payments and batch paying suppliers.

Attach Files to Data

Attach source documents to almost anything in Xero – invoices, bills and more.

Go Mobile

The Xero mobile app works with iOS & Android phones and tablets.

Claim Expenses

It’s easy to handle personal expenses – just review and approve receipts.

500+ Third-Party Apps

Inventory, invoicing, time tracking, expenses and more all integrate with Xero.

Use Xero with Normsun

qode-np-item
1
Tailor
qode-np-item
2
Implement
qode-np-item
3
Support

Take the time to learn what you need, tailor a solution for your business, and form the basis of a plan to move forward.

Strive to get your system in place and train your team. Alternatively, we can support you to DIY.

Provide additional support whenever you need it along with optimization reviews of your applications.

Normsun is the member of Allinial Global
About Allinial Global

Allinial Global is an association of legally independent accounting and consulting firms who share education, marketing resources, and technical knowledge in a wide range of industries.

Acquiring Best Solution

Allinial Global firms have the flexibility to find not just a good solution to our business challenges—but the best solution for us. Working with an Allinial Global firm means that we have access to the experience and knowledge of every firm in the organization through its Transfer of Excellence.

Useful Links