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THE MAIN CHARACTERISTICS OF HONG KONG COMPANY

GENERAL
Type of entity
Private Limited Company
Type of law
Common
Shelf company availability
Yes
Our time to establish a new company
7 days
Annual fees payable to the government: Tax/Annual Return Filing Fee
HKD 250 (Business Registration Fee)
HKD 105 (Annual Return Filing Fee)
Corporate taxation
Nil on Foreign Profits
Double taxation treaty access
Yes
SHARE CAPITAL OR EQUIVALENT
Standard currency
HKD
Permitted currencies
Any
Minimum paid up
HKD 1
Usual authorized
HKD 10,000
DIRECTORS OR MANAGERS
Minimum number
One
Registered Office / Agent
Yes
Local required
No
Publicly accessible records
Yes
Location of meetings
Anywhere
MEMBERS
Minimum number
One
Publicly accessible records
Yes
Location of meetings
Anywhere
COMPANY SECRETARY
Required
Yes
Local or qualified
Yes
ACCOUNTS
Requirement to prepare
Yes
Audit requirements
No
Requirement to file accounts
Yes
Publicly accessible accounts
Yes
OTHER
Requirement to file annual return
Yes
Change in domicile permitted
No

INTEREST OF THE JURISDICTION

Advantages of a company in Hong Kong

  • Simple tax system with low tax rates, and easy maintenance requirements.
  • Foreign-sourced income is tax-exempt status.
  • An atmosphere of security and trust stand on Hong Kong’s long history of global businesses.
  • No Disclosure of Beneficial Ownership to Authorities.
  • Strong professional infrastructure.
  • Robust ties with international and mainland China markets.
  • Robust and business friendly banking system.
  • Wide range of offshore services.

Possible disadvantages of a company in Hong Kong

  • Annually audit required to obtain income tax exemption.
  • Time Zone difference with Europe and America can be an obstacle for personal level relations.
  • Heavy penalties are imposed for non-compliance with statutory requirements.

PRESENTATION OF JURISDICTION

Hong Kong is the wealthiest city in China and one of the largest business hub of Asia. Home for the highest concentration of fund managers, and banking international institutions, it has served for centuries as a commercial gateway for mainland China. Its history and geopolitical situation have created a fertile ground for the development of one of the most advanced economy with one of the highest and most stable growth.

Hong Kong is more than a great economic performance, it also has one of the most robust, transparent and business friendly judicial framework. Based on Common Law and developed adapting to the circumstances of Hong Kong, the judicial framework has attracted thousands of companies, and has also been ranked the same as one of the most attractive in Asia for foreign-skilled professionals.

Hong Kong’s tax regime is also favorable for companies to grow, with no capital gains tax, no withholding tax, no interest and inheritance tax, nor VAT, and furthermore, foreign-sourced income is not taxed.

Hong Kong is an international hotspot that is well regarded all over the world, it will promote the quality of your relationships with your customers and partners.

HOW TO
PROCEED

To incorporate or purchase a company the following documentation should be provided:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

Payment of our fees

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening