Hong Kong Company Formation

Worldwide Incorporation Services specializes in Hong Kong Company Formation, establishment of branches and opening bank accounts.

Since 1998, WIS has been a leading corporate service provider of international incorporations.

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Jurisdictions >> Hong Kong Offshore Company >> Hong Kong Company Formation

Hong Kong Company Formation. Hong Kong Offshore Company.

Worldwide Incorporation Services specializes in Hong Kong Company Formation, establishment of branches and opening bank accounts.

Hong Kong – General Information

Hong Kong Company Formation

Location: Eastern Asia, bordering the South China Sea and China.
Area: total: 1,108 sq k, land: 1,073 sq k , water: 35 sq km.
Natural resources: Outstanding deepwater harbor, feldspar.
Population: 7,191,503 (July 2017 est.).
Time Zone: UTC+8.
Languages: Cantonese (official) 88.9%, English (official) 4.3%, Mandarin (official) 1.9%, other Chinese dialects 3.1%, other 1.9% (2016 est.).
Dependency status:: Special administrative region of the People’s Republic of China.
Government type: Presidential limited democracy; a special administrative region of the People’s Republic of China.
Legal system: Mixed legal system of common law based on the English model and Chinese customary law (in matters of family and land tenure).
International organization participation: ADB, APEC, BIS, FATF, ICC (national committees), IHO, IMF, IMO (associate), Interpol (subbureau), IOC, ISO (correspondent), ITUC (NGOs), UNWTO (associate), UPU, WCO, WMO, WTO.
Economy: Hong Kong has a free market economy, highly dependent on international trade and finance – the value of goods and services trade, including the sizable share of reexports, is about four times GDP. Hong Kong has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws.
Hong Kong’s open economy has left it exposed to the global economic situation. Its continued reliance on foreign trade and investment makes it vulnerable to renewed global financial market volatility or a slowdown in the global economy.
The mainland has long been Hong Kong’s largest trading partner, accounting for about half of Hong Kong’s total trade by value.
Hong Kong’s economic integration with the mainland continues to be most evident in the banking and finance sector. Initiatives like the Hong Kong-Shanghai Stock Connect, the Hong Kong- Shenzhen Stock Connect the Mutual Recognition of Funds, and the Bond Connect scheme are all important steps towards opening up the Mainland’s capital markets and have reinforced Hong Kong’s role as China’s leading offshore RMB market.
Currency: Hong Kong dollar (HKD).

Hong Kong Company Formation – Overview

Today, many entrepreneurs and investors are setting up their businesses overseas, especially in areas such as Hong Kong. The main reason behind this trend is to find a means to penetrate the international market and to take advantage of tax friendly countries. Hong Kong has been ranked as one of the best places to establish a business and run comfortably. It has many attractive factors that matter to a smooth business operation.

Productive workforce, strategic location, stable political and economic environment, pro business environment, attractive tax regime, world-class infrastructure, and an efficient and effective legal system are some of the main reasons for HK company formation. It is a unique business city with a population of more than 7 million people.

Hong Kong Company Formation – Legislation

Principal Corporate Legislation

Companies Ordinance (Cap 32).

Type of Law

Common Law based on English Common Law.

Language of Legislation and Corporate Documents

Chinese and English.

Type of Company for International Trade, Investment & Tax Planning

Private Limited.

Hong Kong Company Formation – Key Facts

 Hong Kong Offshore Company

 

Share Capital

Standard authorised share capital is HKD1,000. Minimum paid up share capital is HKD1.

Classes of Share Available

Ordinary shares, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Office Required

Yes, must be maintained in Hong Kong.

Company Secretary Required

Yes, must be a HK resident.

Directors

The minimum number of directors is one. Director can be of any nationality and need not be resident in HK. Corporate directors are permitted.

Shareholders

The minimum number of shareholders is one.

Publicly Accessible Records

Yes.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Hong Kong profits tax is ONLY charged on profits earned from a trade, profession or business carried on in Hong Kong. Thus this means that a Hong Kong company which carries on business in Hong Kong, but earns profits from another place, is not required to pay tax in Hong Kong on those profits. Profit earned inside Hong Kong 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 Treaty Access

Yes.

Requirements to File Accounts

Yes.

Requirement to File Annual Return

None.

Audit Requirements

Yes.

Currency

HK dollar (HKD).

Exchange Control

None.

Time to Incorporate

Within 1 to 3 working days from the submission of documentation.

Hong Kong Company Formation – Name Legal Requirements

Language of Name

English or Chinese.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.

Suffixes to Denote Limited Liability

Limited.


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Hong Kong Company Formation Packages


Packages

COMPARE PACKAGE FEATURES

Corporate Consultancy

Name Check

Initial Approval

Preparation of Application Documents

Company Formation Services

Incorporation Service Fee

Certificate of Incorporation

Business Registration Certificate

Memorandum and Article of Association in English

Registered Office Address at Central Hong Kong for 1 year

Secretarial Services for 1 year

Minutes of the Meeting

Board Resolution

Consent to Act as Director

Share Certificate

Resolution Issuing Share Certificate

Rubber Stamp

Daily Update Regarding The Full Process

Meeting Arrangement With Banker

Company Letterhead

Certification of documents by the Company Secretary

Notary Certification

Apostilled Set of Corporate Documents for International Use


GOLD

USD 990

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PLATINUM

USD 1390


 

Need Help Choosing the Right Package?

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Why Choose Worldwide Incorporation Services?
  • We’ve been helping business owners since 1998
  • Incorporating your business is our focus
  • We make a complex process fast and easy
  • We work closely with Hong Kong Companies Registry to guarantee our service

Hong Kong Shelf Companies

World’s Largest Selection of Hong Kong Shelf Companies with Prestigious Names:

REGENT ONE INTERNATIONAL LIMITED 28.11.2018 View Packages
TOP REGENT DEVELOPMENT LIMITED 28.11.2018 View Packages
REGAL BRIGHT INTERNATIONAL LIMITED 28.11.2018 View Packages
REGAL VICTOR DEVELOPMENT LIMITED 28.11.2018 View Packages
EXCEL ONE LIMITED 28.11.2018 View Packages
UNION MARVEL INVESTMENT LIMITED 28.11.2018 View Packages
TOPPER MARK LIMITED 08.11.2018 View Packages
CHINESE POWER HOLDINGS LIMITED 08.11.2018 View Packages
CROWN FUTURE LIMITED 08.11.2018 View Packages
FUTURE KING LIMITED 08.11.2018 View Packages
DIGITAL CITY HOLDINGS LIMITED 08.11.2018 View Packages
EXCELLENT CENTRE LIMITED 08.11.2018 View Packages
REGAL WEALTH CONSULTANTS LIMITED 08.11.2018 View Packages
BILLION VICTOR DEVELOPMENT LIMITED 01.11.2018 View Packages
CYBER BRIGHT INVESTMENT LIMITED 01.11.2018 View Packages
DIAMOND SHINY LIMITED 01.11.2018 View Packages
SUPER MARVEL LIMITED 01.11.2018 View Packages
BILLIONAIRE INVESTMENT LIMITED 01.11.2018 View Packages
TECH BILLION INVESTMENT LIMITED 08.10.2018 View Packages
SHINY ROYAL DEVELOPMENT LIMITE 08.10.2018 View Packages

We also have a number of Hong Kong shelf companies that are not listed on the web site. If you are looking for something specific or that has a certain name, please contact us to see if we have it.


How To Buy a Shelf Company in Hong Kong
To buy a shelf company in Hong Kong please contact one of our offices or submit an online enquiry.

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Hong Kong Company Formation – Office Addresses

Hong Kong Company Formation Services

Worldwide Incorporation Services provides the following services related Hong Kong Company Registration:

  • Hong Kong Company Formation
  • Registered Office Services
  • Secretarial Services
  • Nominee Shareholder / Nominee Director
  • Opening of Bank Accounts in Hong Kong and in other jurisdictions
  • Full Administration Services
  • Mailing Address
  • Virtual Office
  • Book Keeping & Audit
  • Trademark Registration

Interested in Hong Kong company formation?


Worldwide Incorporation Services | Hong Kong Company Formation | Hong Kong Offshore Company

 

Free Initial Consultation
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How to proceed
To start your business in Hong Kong please contact one of our offices or submit an online enquiry.

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Why Worldwide Incorporation Services is the Best Choice for Hong Kong Company Formation and Administration?
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Tags: Hong Kong Company | Hong Kong Company Formation | Hong Kong Company Registration | Hong Kong Company Formation Services | Hong Kong Offshore Company