Hey everyone,
First of all thanks for keeping such a forum with great information around here.
Second of all, I'm a non-resident and I don't plan to change that.
I read a lot about sole proprietorship / limited companies and I've decided that the sole proprietorship might be the way I want to go. It's less hassle and I just invoice small freelance projects to foreign entities, a few times a year. I would open a bank account in HK under the company's name (again, sole proprietorship company) and I will be able to start invoicing (or so I hope ).
Now, how do I start using the money I make for personal matters. Do I withdraw the money in another HK-based personal account? If so, what are the taxes applied? Can you link me to some IRD documents?
Ultimately my goal would be to use the funds in another country, but I guess that's less to do with HK legislation and more with the other's country legislation. From that point of view perhaps a limited company would have been better because I could just have paid dividends. Is there a similar solution to sole proprietorship under the HK law?
Thanks,
Alex