Hong Kong is a metropolitan integrating opportunities, creativity and entrepreneurial spirit, and it has been rated "the world's freest economy" for 24 consecutive years by the Heritage Foundation. As an international financial centre, Hong Kong is favored by worldwide investors due to its established legal system, simplified taxation system, low taxation rate, well-equipped infrastructure and communication facilities, and high quality professionals. Hong Kong offers unlimited business opportunities, and serves as a platform to global economy and commerce, whose advantages are well known, so tens of thousands of international businesses benefit from setting up a company in Hong Kong. Hangtung is able to offer expert services to help your business with Hong Kong company registry.
Advantages of Setting up a Company in Hong Kong
-Sound legal system
-Gaining international credit by making use of Hong Kong's reputation
-As an international financial centre, Hong Kong has multiple financing channels
-With the absence of foreign exchange controls, funds can be circulated freely; foreign currencies can be exchanged and transferred as needed, and credit operations can be handled conveniently and quickly
-No limitation on business scope and simple follow-up service
-Simplified taxation system, low taxation rate (only applies to profits tax, the tax rate for the profits of the first HK$2 million is only 8.25%)
-Tax needs to be declared just once per year
-There shall be at least one shareholder and director over 18 years old
-One legal secretary (position taken by a Hong Kong permanent resident or Hong Kong company)
-There shall be one registered address in Hong Kong
Registration Form and Time to Take
-E-filing incorporation (requires 1 day)
-Registration of a new limited liability business with company register (requires 10 days or so)
-Purchasing a Shelf Company (requires 2 days or so)
-Chinese and English names, or single Chinese or English name of the company
-Copies of ID cards or passports of shareholders and directors
-Registered address of the company (if unavailable, we can provide one for you.)
Q&A - Incorporation
What is the basic requirement of incorporating a limited company in HK?
– A person aged 18-year-old or above acting as the director and shareholder;
– Company Secretary acting by a HK resident or a Company Secretary company with the Trust and Company Service Provider License;
– A business address for company registration.
Is there any requirement on the number of shares proposed to be issued and the number of founder members of a local company limited by shares?
The Companies Ordinance has not prescribed any requirement for the number of shares proposed to be issued. The articles of a company with a share capital may state the maximum number of shares that the company may issue (section 85(2)). A local company limited by shares shall be formed by at least one founder member.
May non-Hong Kong residents incorporate a local limited company in Hong Kong?
Non-Hong Kong residents may incorporate a local limited company in Hong Kong. No limitation apply on nationality nor residential address.
What are the requirements when I decide my company name?
Company name should be unique and not duplicated with any registered company, also it requires to be ended with the term “Limited” or “Company Limited”. Any company name with sensitive words or government related is forbidden.
Is business nature necessary to be shown on the BR certificate?
No, you may leave it blank.
Is sole director and shareholder of the corporate appointed for Company Secretary?
No, it is required to appoint Hong Kong resident or a Hong Kong registered company.
Which government departments should I apply for new incorporation?
You have to submit your application to Company Registry, and apply the BR certificate in Inland Revenue Department within 1 month.