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
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
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.
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
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- 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:
| NEW CREATOR INTERNATIONAL LIMITED | 10.01.2019 | View Packages |
| BRIGHTEN SKY DEVELOPMENT LIMITED | 10.01.2019 | View Packages |
| ASIAN SHINY LIMITED | 10.01.2019 | View Packages |
| POWERFUL SINO DEVELOPMENT LIMITED | 10.01.2019 | View Packages |
| PACIFIC WAVE LIMITED | 10.01.2019 | View Packages |
| KING MARVEL LIMITED | 10.01.2019 | View Packages |
| REGENT ONE LIMITED | 10.01.2019 | View Packages |
| TURBO SUCCESS DEVELOPMENT LIMITED | 10.01.2019 | View Packages |
| SMART SHINY INVESTMENT LIMITED | 10.01.2019 | View Packages |
| STARRY BEST TRADING LIMITED | 01.01.2019 | View Packages |
| STARRY WORLD TECHNOLOGY LIMITED | 01.01.2019 | View Packages |
| CHIEF ONE LIMITED | 01.01.2019 | View Packages |
| UNITED LINKER INVESTMENT LIMITED | 01.01.2019 | View Packages |
| CENTURY BEST TECHNOLOGY LIMITED | 01.01.2019 | View Packages |
| GOLD SHINY (ASIA) LIMITED | 01.01.2019 | View Packages |
| TOPPER EXPRESS LIMITED | 18.12.2018 | View Packages |
| REGAL VICTOR DEVELOPMENT LIMITED | 28.11.2018 | View Packages |
| TOP REGENT DEVELOPMENT LIMITED | 28.11.2018 | View Packages |
| DIGITAL CITY HOLDINGS LIMITED | 08.11.2018 | 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.
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
Submit an enquiry or request a confidential callback or chat with us.
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