Hong Kong Limited Company Incorporation
Hong Kong is an excellent place to set up a business not only because it is one of the world's major trading and financial centres but also because of its simple taxation system and low tax rate. Income with a source outside Hong Kong is not as a general rule subject to tax and companies pay tax on their local income at the rate of only 16.5%.
Basic Requirement
- one Shareholder (no restriction on residence, can be individuals or corporates)
- one Director (no restriction on residence, can be individuals or corporates)
- one Company Secretary resident in Hong Kong
- one Auditor who practises in Hong Kong
- Registered Office in Hong Kong
- register with the Hong Kong Inland Revenue Department
- file Profits Tax and Employer's Returns by Company Secretary annually
- present audited accounts to the shareholders for adoption annually
- hold a General Meeting of the Shareholders every year
- file an annual return giving particulars of the Directors, Shareholders and Secretary, together with the Company's capital structure by Company Secretary
Application Procedure
- conduct intended company name search on Companies Registry
- consult and assess your company structure and clarify outstanding issues.
- prepare the company incorporation documents and email to you for your signature (or the documents can be signed at our office if you are in Hong Kong).
- submit the original signed company incorporation documents to the Companies Registry and pay all government incorporation fees.
- receive on behalf you Certificate of Incorporation and Business Registration issued by Companies Registry after approximately 7 working days.
- attend to the production of the company kit including the share certificates, company seal and company chop.
- issue the share and update the Register of Shareholders and Directors.
- open bank account in different banks in Hong Kong
