Hong Kong Company. Hong Kong Company Registration. Benefits of Company Formation in Hong Kong
Worldwide Incorporation Services specializes in Hong Kong Company Formation, establishment of branches and opening bank accounts.
Hong Kong Company Formatiion
General Information about Hong Kong Company Formation
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 Hong Kong 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.
Language of Legislation and Corporate Documents
Chinese and English.
Type of Company for International Trade, Investment & Tax Planning
Hong Kong Private Limited Company.
Hong Kong 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
Each Hong Kong company must have a Registered Office in Hong Kong.
Company Secretary
Each Hong Kong company must appoint a Company Secretary in Hong Kong. The company secretary, if an individual, must be a Hong Kong resident; or if a body corporate, must have its registered office in Hong Kong.
Directors
A Hong Kong Company requires a minimum of one director. Director can be of any nationality and need not be resident in Hong Kong. Corporate directors are permitted.
Shareholders
A Hong Kong Company requires a minimum of one shareholder.
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
Hong Kong dollar (HKD).
Exchange Control
None.
Time required for Hong Kong Company Formation
Two days.
Hong Kong Company Formation – Name of a Company
Language of Name
English or Chinese.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Hong Kong Company
The word “Limited” must be part of the name of every Hong Kong company.
Cost of Hong Kong Company Registration
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Hong Kong Company Formation – Office Addresses
London
United Kingdom
T.: +44 203 44 05 671
Skype Call: wis.uk
Working Hours:
09:00 to 18:00 weekdays (GMT 0)
Hong Kong
T.: +852 2530 8893
Skype Call: wis.hk
Working Hours:
09:00 to 18:00 weekdays (GMT +8)
Dubai
T.: +971 4 450 4707
Skype Call: wis.uae
Working Hours:
09:00 to 18:00 Sun-Thu (GMT +4)
Cyprus
T.: +357 25 812 242
Skype Call: wis.cyprus
Working Hours:
08:30 to 17:30 weekdays (GMT +2)
Seychelles
Seychelles
T.: +248 432 5881
Working Hours:
08:00 to 17:00 weekdays (GMT +4)
Services related Hong Kong Company | Hong Kong Company Registration
Worldwide Incorporation Services provides the following services related Hong Kong Company Formation:
- Hong Kong Company Formation
- FREE Lifetime HK Company Support
- Registered Office Services in HK
- Hong Kong Company Secretarial Services
- Nominee Shareholder / Nominee Director
- Opening of Bank Accounts in Hong Kong and in other jurisdictions
- Full Hong Kong Company Administration Services
- Mailing Address in Hong Kong
- Virtual Office in Hong Kong
- Book Keeping & Audit
- Trademark Registration in Hong Kong
Worldwide Incorporation Services | HK Company | HK Company Formation
➣ How to proceed
To proceed with a Hong Kong company registration please contact one of our offices.
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