I live in Canada and will be moving to Hong Kong between April to August. This move will also coincide with a period in which I will be opening a new business.
I've been researching a bit about opening businesses in Hong Kong and have found profit taxes to be a bit confusing. It seems Hong Kong and Canada vary quite differently in these areas.
From what I've read, I am only liable to pay profit taxes on anything sold deriving from Hong Kong. As an e-commerce business, this means a majority of my consumers will actually come from abroad.. It also states that even if I remit taxes I have earned abroad, I will liable to pay anything. Is my understanding correct on this assumption?
Another issue I've come across is this. As a sole-proprietorship/partnership business, are we only liable to pay profits taxes and not salaries tax?
Not like this will mean much, but I have permanent residency in Hong Kong if this applies to anything.
Any help is recommended. Be great to get some help from someone whose been through it. Furthermore, can anybody recommend an e-commerce enabled merchant account within Hong Kong?