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

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.

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.

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.

Currency

HK dollar (HKD).

Exchange Control

None.

Time to Incorporate

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

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.

Hong Kong Company Registration – Packages

Hong Kong Ready-Made Companies

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

We also have a number of HK 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.

HK Company Formation – Office Addresses

Services from our HK office

Worldwide Incorporation Services provides the following services related HK Business Registration:

• 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

Worldwide Incorporation Services | HK Company Registration