How to open a company in Hong Kong?
Hotline: 86-755-72143422, Email: tannet-solution@hotmail.com
Hong Kong business setup is also called Hong Kong company incorporation, Hong Kong corporate formation, or Hong Kong company establishment. In the past, you were allowed to open a Sole Trader Company in Hong Kong without owning a Hong Kong resident permit. Nowadays, unless you’re planning to stay in Hong Kong, you can only open a Limited Company. However the government requires your company to have an office and a secretary in Hong Kong. The good news is that you don’t need to rent an office and hire a secretary. There are several agencies that will be happy to provide this service.
Advantages of Incorporating a HK company
1. Hong Kong is one of the most liberal economy in the world. Therefore, opening a limited company is simple, fast and cheap.
2. The required registered capital in Hong Kong is much smaller than in the majority of countries (only 10,000 HKD).
3. You can run your business from any country in the world.
4. Hong Kong is a major banking center and, once you have incorporated your company there, you’ll be entitled to open a multi-currency business bank account at a bank recognized worldwide such as HSBC or Hang Seng Bank. This is especially if you plan to do business worldwide.
5. Hong Kong is the best gateway to mainland China, if you’re planning to do business with a Chinese partner, having a company in Hong Kong may be your best bet.
6. Hong Kong has a very simple taxation system. Your company will have to pay 16.5% tax on all profit, which is expected to be 8.25% for the first two million of profits in 2018.
Requirements on Registration
1. Company names
For limited companies incorporated in Hong Kong, the company name must not be the same as a name appearing in the index of company names kept by the Registrar of Companies.
2. Company structure
Most of the limited companies incorporated in Hong Kong are private companies limited by shares. A private limited company in Hong Kong requires at least one director who is a natural person and one company secretary.
If the company has one director only, the sole director cannot be the company secretary of the company at the same time. If the company secretary is a natural person, he/she should ordinarily reside in Hong Kong. If the company secretary is a body corporate, its registered office or place of business should be in Hong Kong. A non-Hong Kong resident can be appointed as a director.
The registered office of the company must be situated in Hong Kong. There is no requirement for shareholders to be Hong Kong residents. The sole shareholder can be a director of the company.
3. Documents Needed for Incorporating
First of all, you’ll need to find a agency and choose a name for your brand new company. Your agent will then check whether the name is available in Hong Kong or is already taken.
Then you’ll have to send a copy of your passport, a copy of an official document as a proof of your residence (for instance, a driver’s license) and a questionnaire with standard questions such as your address, your passport number and the name of the director and shareholders (if you plan to open the company alone, you can be both director and unique shareholder) to Hong Kong.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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