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.

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.

Hong Kong Company Formation – Packages

Hong Kong Ready-Made Companies

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

Hong Kong Ready-Made Companies Not On The List

We also have a number of Hong Kong ready-made 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.

Hong Kong Company Formation – Office Addresses

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