For overseas investors in the manufacturing sectors, the Industry Department operates a One-Stop Unit, staffed by specialist officers with industrial backgrounds. 5 Canton Rd., Kowloon, Hong Kong. Joint ventures with local businesses are welcome, but a company may be kept entirely in the hands of overseas owners or shareholders. There are no regulations concerning the relative proportion of local to overseas staff. As Hong Kong is a free money market, funds, either from profits or capital account, may be transferred at will.
Businesses have to be registered every year.
Solicitors or accountants provide services for incorporating and registering companies, as well as acting as the registered office. Many international accounting firms are located here. There is no total income concept in Hong Kong. An individual whose visits in Hong Kong do not exceed a total of 60 days in any year of assessment is not subject to tax. Corporations carrying on business in Hong Kong do not have to pay profits tax on income that has a non-Hong Kong source.