Choose the jurisdiction which best suits your needs
Procedures to incorporate
Hong Kong is strategically located at the heart of Asia – the gateway to Mainland China for business.
Since Hong Kong is a significant trading economy, a Hong Kong company does not have an offshore or tax haven image.
+ Type of Company or International Trade and Investment
Private Company limited by Shares.
+ Procedure to incorporate
Submission of Memorandum and Articles of Association and a Declaration of Compliance. A Notice of Situation of Registered Office is also required to be filed within fourteen days of the date of incorporation.
+ Restrictions on Trading
Cannot undertake banking or insurance activities or solicit funds from or sell its shares to the Public.
+ Powers of Company
A Hong Kong Company has all the powers of a natural person.
+ Language of Legislation and Corporate Documents
Chinese and English.
+ Registered Office Required
Yes, must be maintained in Hong Kong.
+ Name Approval Required
It is not possible to reserve a name. It is essential to check that there is no similar or identical name on the register, which would prevent the company being incorporated.
+ Shelf Companies Available
+ Time to incorporate
Approximately 8/10 days from the submission of documentation.
+ Name Restrictions
A name that is similar to or identical to an existing company. A name that constitutes a criminal offence or is otherwise contrary to the public interest. A name that implies royal or government patronage.
+ Names Requiring Consent or License
Building society, Chamber of Commerce, co-operative, imperial, Kaifong, mass transit, municipal, royal, savings, tourist association, trust, trustee, underground railway, bank, insurance, assurance, reinsurance, fund management, asset management and investment fund.
+ Suffixes to Denote Limited Liability
+ Disclosure of Beneficial Ownership to Authorities
+ Authorised and Issued Share Capital
The standard authorized share capital is HK$ 1,000. The minimum issued capital is two shares of par value.
+ Classes of Shares Permitted
Ordinary shares, preference shares, redeemable shares and shares with or without voting rights.
+ Bearer Shares Permitted
+ Other Shares Permitted
Deferred, founders and management shares.
Hong Kong is one of the few countries in the world that tax on a territorial basis. Many countries levy tax on a different basis and they tax the world-wide profits of a business, including profits derived from an offshore source. Hong Kong profits tax is ONLY charged on profits derived from a trade, profession or business carried on in Hong Kong. Consequently, this means that a company which carries on a business in Hong Kong, but derives profits from another place, is not required to pay tax in Hong Kong on those profits. Hong Kong sourced income is currently subject to a rate of taxation of 16.5%. There is no tax in Hong Kong on capital gains, dividends and interest earned.
+ Double Taxation Agreements
Under the DTAs, relief from income tax is only available to Hong Kong resident individuals who are not at the same time residents of the contracting countries. In the case of corporations, only Hong Kong incorporated companies and those companies that are managed and controlled in Hong Kong are eligible for relief. Hong Kong has concluded 40 Double Taxation Agreements, providing relief from double tax to all types of income.
+ License Fees
The Business Registration Fee is currently HK$250 on the date of incorporation and then annually on the anniversary of the incorporation.
+ Financial Statement Requirements
A Hong Kong company must keep accounting records for at least 7 years, which may be kept at the registered office address or elsewhere at the discretion of the directors. Every company must appoint an auditor who must be a member of the Hong Kong Institute of Certified Public Accountants and hold a practicing certificate. Although there is no requirement to file accounts with the Registrar, there is a requirement to file accounts with the Hong Kong Inland Revenue Department.
Packages and Prices
The cheapest option – accountancy support, free business consultant and much more.
A special package that includes a Business Company plus fully functioning bank.
Includes all services of Business Package plus full Nominee Services, Director and Shareholder.
How can we help you?
Should you have any question, our Business Development Managers team will be ready to guide and assist you!