Hey guys,
Hopefully someone can help me out a bit, as for a newcomer in Hong Kong it is sometimes difficult to see the legal possibilities one has here.
I have recently registered a Hongkong Limited company through an accountancy firm. They also provide the HK secretary which seems to be necessary. We are up and running since this month …
The plan is to move all my business from my European (one man) company to this new Hong Kong limited company.
Business is going well, so i can immediately move a fair amount of business to Hong Kong (and therefore create tax revenue for Hong Kong.).
It is however a one man company now and i don’t really need to employ people. I prefer to use other companies for certain work, instead of employing staff myself. Gives me a bit more flexibility.
⇒ The questions :
1. Apparently it is necessary to get a work visa, that my company must employ people. How many people am i expected to employ ?? Is one enough ?? Two people ?
2. And how fast am i supposed to hire somebody after applying this Visa ? Can I wait 8 months for example ?
3. Finally, is it actually necessary that i get a work visa ? Maybe i can live off my savings for a year, while i’m in Hongkong and do my business (without giving myself an income from this company!!).
= Keep things separate. Even if you own a company, you and the company are 2 separate legal entities in HK as i have been told. Then live on my 90 day visa. Is it legal ? Hong Kong would get tax revenue for me, and i can wait a year to see how I like Hong Kong (and vice versa :P )
Hope to get some clarity on this :-)