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Hong Kong Company Formation. Hong Kong Offshore Company.

Worldwide Incorporation Services specializes in Hong Kong company registration 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).

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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 Prices

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: $990

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Why Choose Worldwide Incorporation Services?

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 House to guarantee our service

Fastest offshore companies & accounts – Most competitive pricing worldwide

Hong Kong Company Formation – Office Addresses

Interested in Hong Kong company formation?

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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

Worldwide Incorporation Services | Hong Kong Company Formation | Hong Kong Offshore Company

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