Send a request for a call
Company formation in
Hong Kong
Hong Kong
Comprehensive assistance in company formation, including banking services
How to form a company in Hong Kong
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Hong Kong
and opening a bank account in Hong Kong
and opening a bank account in Hong Kong
2
Payment of services
Payment of our services for company formation in Hong Kong and/or bank account assistance in Hong Kong
3
Company formation
We register a new company in Hong Kong for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Hong Kong
Corporate income tax rate is 0% if business is conducted outside of Hong Kong.
1. Founders that would like to register a company in Hong Kong can either be resident or non-resident in Hong Kong. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Hong Kong. It is not required to register a company in Hong Kong with a resident individual as one of its shareholders or directors. However, it is necessary to have a resident company secretary.
3. One individual can register a company in Hong Kong and simultaneously be a shareholder and a director in this company if such company is registered as a Ltd. (a limited liability company).
4. There is no requirement for creating substance in Hong Kong - no need to hire local employees or rent an office in order to register a company in Hong Kong or to conduct business in Hong Kong. However, it is recommended to rent an office space in order to open a corporate bank account for a company registered in Hong Kong.
5. Minimum share capital that is required to register a company in Hong Kong as a Ltd. (a limited liability company) is not established. However it is recommended to have a minimum share capital of at least HKD 1,000.
6. Information about company founders, shareholders and directors after company registration in Hong Kong is complete is not publicly available in the state corporate register.
7. We can help you register a company in Hong Kong, as well as open a corporate bank account remotely, on the basis of a power of attorney.
2. A resident or a non-resident individual can be a company director in Hong Kong. It is not required to register a company in Hong Kong with a resident individual as one of its shareholders or directors. However, it is necessary to have a resident company secretary.
3. One individual can register a company in Hong Kong and simultaneously be a shareholder and a director in this company if such company is registered as a Ltd. (a limited liability company).
4. There is no requirement for creating substance in Hong Kong - no need to hire local employees or rent an office in order to register a company in Hong Kong or to conduct business in Hong Kong. However, it is recommended to rent an office space in order to open a corporate bank account for a company registered in Hong Kong.
5. Minimum share capital that is required to register a company in Hong Kong as a Ltd. (a limited liability company) is not established. However it is recommended to have a minimum share capital of at least HKD 1,000.
6. Information about company founders, shareholders and directors after company registration in Hong Kong is complete is not publicly available in the state corporate register.
7. We can help you register a company in Hong Kong, as well as open a corporate bank account remotely, on the basis of a power of attorney.
Cost of services
Formation of a Ltd.
Timeframe - 5 business days
Timeframe - 5 business days
Send a request
for company formation
Advantages of incorporating a company in Hong Kong
Attractive business-environment
- Hong Kong is the 1st on the Economic Freedom Index
- Hong Kong is 2nd most convenient location for doing business in the world
- No restrictions for foreign investments
- No customs duties for the majority of imported goods
- Highly-developed infrastructure
- Low inflation rate
Stability and
security
security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax
benefits
benefits
- Corporate income tax rate is 0%, if income is received outside of Hong Kong
- No VAT or sales taxes
- Multiple double tax treaties
No foreign exchange controls
- Hong Kong state regulations do not impose foreign exchange controls. Individuals and business-entities, either resident or non-resident in Hong Kong may open bank accounts in Hong Kong banks in any currency
Ease of establishing and doing business
- 100% foreign ownership of a company is available
- Fast company formation in Hong Kong
- Minimum share capital requirement for a LTD company is just HKD 1
- Remote company formation in Hong Kong is available
More about Hong Kong
Special Administrative Region of Hong Kong is located on the Southern coast of the People's Republic of China, its territory amounts to 1,105.7 square kilometers. Hong Kong borders PRC and has access to the South China Sea, which allows it to establish maritime trade with all major Asian region states, with India, Russia, Australia and New Zealand.
Population of Hong Kong amounts to around 7,3 million people.
Population of Hong Kong amounts to around 7,3 million people.
Official currency of Hong Kong a is the Hong Kong dollar (HKD).
Hong Kong GDP in 2017-2018 grew by 3,5% and amounted to USD 453 billion.
Hong Kong economy is dependent on international trade and international finance. In Hong Kong all imported goods are not subject to customs duties with the exception of strong spirits, tobacco, hydrocarbonated oil and methyl alcohol. Hong Kong is strongly dependednt on the import of fossil fuels and food products. Continental China remains the main trading partner of Hong Kong, its shared turnover makes up half of Hong Kong total turnover.
Hong Kong GDP in 2017-2018 grew by 3,5% and amounted to USD 453 billion.
Hong Kong economy is dependent on international trade and international finance. In Hong Kong all imported goods are not subject to customs duties with the exception of strong spirits, tobacco, hydrocarbonated oil and methyl alcohol. Hong Kong is strongly dependednt on the import of fossil fuels and food products. Continental China remains the main trading partner of Hong Kong, its shared turnover makes up half of Hong Kong total turnover.
Foreign investors establish business in this jurisdiction for international trading in any region, for IT-business, rendering finanical services, as well as for making shipments from Asian region to Europe, CIS, USA, UAE or for trading within Asian region.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- telecommunications
- television, radio
- postal services
- air transport.
- Corporate income tax - 0%, if income is received outside of Hong Kong, otherwise the standard tax rate is 16,5%. Tax returns are filed on an annual basis. Advance income tax payments are made on a biannual basis
- Dividend withholding tax - 0%
- Interest withholding tax - 0%
- Royalties withholding tax - Standard tax rates 4.95% and 16,5%
- Capital gains tax - 0%
- VAT - No tax
- Personal income tax - from 2% up to 17%.
The Hong Kong law offers to establish business as:
1. Limited Liability Company - Ltd.
2. Public Limited Company - Plc.
3. General Partnership - GP
4. Limited Partnership - LP
5. Sole Proprietorship - SP
To receive a detailed description of the company formation procedure in Hong Kong and information about documents necessary for company formation in Hong Kong please contact our experts.
1. Limited Liability Company - Ltd.
2. Public Limited Company - Plc.
3. General Partnership - GP
4. Limited Partnership - LP
5. Sole Proprietorship - SP
To receive a detailed description of the company formation procedure in Hong Kong and information about documents necessary for company formation in Hong Kong please contact our experts.
Send a request for company formation in Hong Kong
We will contact you within 1 minute
© Prime International Legal Services, 2023.
SERVICES
CONTACT US
Address:
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
