Hong Kong Company Formation.
Worldwide Incorporation Services specializes in Hong Kong company registration and opening bank accounts.
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
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.
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.
Questions? Need Advice?
Make an enquiry or chat with us.
MAKE AN ENQUIRYHong Kong Company Formation Prices
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Hong Kong Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Certificate of Incorporation
- Business Registration Certificate
- Memorandum and Article of Association in English
- Registered Office Address at Central Hong Kong for 1 year
- Company Secretarial Services for 1 year
- Minutes of the Meeting
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $1990
MAKE AN ENQUIRYHong Kong Ready-Made Companies
World’s Largest Selection of Hong Kong Ready-Made Companies with Prestigious Name.
Why Choose Worldwide Incorporation Services?
People Also Ask
How much does it cost to set up a company in Hong Kong?
The price for a starting package at the Worldwide Incorporation Services (WIS) is 990 USD. It includes the name check, the preparation of your application, company registration fee, certificates of business registration, proving your rights, and the document of incorporation. WIS will also register the board of directors and shareholders and secretarial services, and provide a local address in Hong Kong for a year.
How do I set up a company in Hong Kong?
If you wish to open a company in Hong Kong, submit an enquiry to the Worldwide Incorporation Services (WIS). You will get assistance in the preparation of your application and receive a step-by-step plan for company registration and incorporation.
What is the process for the formation of a company in Hong Kong?
Forming a company starts with browsing the list of companies offered on the WIS website or sending an enquiry regarding the formation packages. After the payment of the package of your choice is processed, WIS will contact you to gather the necessary documents and prepare the application for the company registration. In 3 working days, you will receive a certificate of incorporation and business registration.
Hong Kong Company Formation – Office Addresses
Interested in Hong Kong company formation?
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
Overview on How to Launch a Company in Hong Kong
Hong Kong is considered a leading location for starting a business on the Asian continent. The reasons for this include low taxes, well-established legislation, and broad opportunities for growth and development. This region is one of the key strategic locations in Asia. However, many foreigners may find it challenging to create a Hong Kong offshore company from scratch without expert guidance. Providing solutions to problems arising when setting up a company based in Hong Kong, the secretary expert company Worldwide Incorporation Services has been operating since 1998. It specializes in Hong Kong company registration and incorporation and legal aid, the establishment of branches, and advice on how to set up a company account at one of the reputable banks.
Hong Kong Company Registration
The major advantages of opening a company in Hong Kong are:
– Full ownership. Regardless of whether or not you are a foreign citizen, you will enjoy the full and complete ownership of your company.
– Business-friendly taxation. If you are generating income in Hong Kong, then tax on profit will be a maximum of 16.5%. Also, the absence of a specific tax either on capital gains or on dividends that you may earn, together with your interest, is a pleasant addition.
– Foreign income tax exemption: In Hong Kong, there is an expectation to be charged tax only on the profit on the income from trade, business, or other professional activity performed in Hong Kong. If the money you make is from abroad, there is no need to worry about paying a tax on profits.
– You will not deal with currency exchange control.
– Speedy Process. If you acquire professional help, the timeframe for Hong Kong incorporation is 1 to 3 working days from the day that you or your representative successfully submit an application.
How to start a business in Hong Kong?
Your Hong Kong company registration journey starts with choosing from the list of the most suitable company formations on the WIS website or sending an enquiry to one of the WIS experts.
Which documents need to be prepared?
Many business people ask about which documents they will need in order to apply. The primary documents that must be provided in the first instance are passport copies of all the people that are on the list of shareholders and directors, proof of addresses that can be presented in the form of bank statements, IDs, driving licenses, or statements from the municipality.
Hong Kong Offshore Company Name Requirements
Some legal requirements must be considered when naming a Hong Kong offshore company. First of all, the company name can only be registered in English or Chinese. Furthermore, due to the need for legal justification, it is not recommended to use the following words: “Assurance”, “Trustee”, “Bank”, “Royal”, “Building Society”, “Trust”. Finally, there’s limited use of suffixes permitted to denote liability.
Company Formation Packages for Hong Kong
At WIS, the starting package starts at only 990 USD, and it includes a variety of different services that are of critical importance to successful offshore company formation in Hong Kong. Usually, the first thing to do is check the company name based on its alignment with the local corporate laws and jurisdiction. Then, WIS offers preliminary business approval and preparation of your application, including all the necessary documentation by experienced lawyers. The package includes the fee to register the company with the Hong Kong authorities. After this stage is completed, clients receive a Hong Kong incorporation certificate and a business registration certificate.
Secretarial services, among other things, include stakeholder registration, board of directors registration, and notes from the meetings. As a pleasant bonus, the client will also receive a registered office address in the Hong Kong city centre for one year.
Other Hong Kong Company Formation Services
WIS can also help clients with other issues that can appear in the process of company registration. They can take over such bureaucratic tasks as bank account opening in Hong Kong, the nomination of shareholders or directors, business administration services, bookkeeping and audit, and trademark registration.
Hong Kong – General Information
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. …
Worldwide Incorporation Services | Hong Kong Company Formation | Hong Kong Offshore Company
Tags: Hong Kong Company | Hong Kong Company Formation | Hong Kong Company Registration | Hong Kong Company Formation Services | Hong Kong Offshore Company