Hong Kong

Original price was: $ 1,699.00.Current price is: $ 1,499.00.

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Table of Contents

Incorporation Details

Fee schedule
Country First year Annual fee
Gibraltar US$ 1,499 US$ 1,190

*** To maintain good standing, your Hong Kong company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 1499

● Incorporation of Company
● Hong Kong Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Memorandum of Association
● Register of Members
● Membership Certificates
● Lifetime support

Why Hong Kong

Hong Kong is the gateway to China’s burgeoning market for imported goods and services. Its strategic location at the heart of Asia provides unparalleled transport connections with Mainland China and the Asia-Pacific regions. The business-friendly environment is characterised by an open market with no import duties.

The tax regime in Hong Kong is both low and straightforward, with a maximum tax rate of 15% on Hong Kong salary income and property. Corporate profits tax is capped at 16.5%, applicable only to Hong Kong-sourced profits. Notably, sales and capital gains are not subject to taxation, and there is no value-added tax (VAT), estate tax, or tax on dividends.

Hong Kong boasts a freely convertible currency, contributing to its status as a world-class business hub with excellent infrastructure. The stock market is highly liquid and familiar to foreign investors. The banking sector is well-regulated, adding to the overall stability of the financial environment.

Benefits of opening a company in Hong Kong

1. 100% Foreign Ownership
2. Favorable Tax Regime for Companies Registered in Hong Kong
3. Easy Access to Mainland China for Companies Established in Hong Kong
4. No Tariffs on Imports
5. Stable International Financial Center
6. Double Taxation Avoidance Agreements (DTAs) with Over 40 Countries

Types of Business Entities in Gibraltar

Foreign investors can establish their presence in Hong Kong by setting up a Hong Kong company. Companies incorporated in Hong Kong can be limited or unlimited and can be public or private. Described below are five types of companies that may be formed under the Companies Ordinance (Cap. 622):

  • Private companies limited by shares (private limited company);
  • Public companies limited by shares (public limited company);
  • Companies limited by guarantee without a share capital;
  • Private unlimited companies with a share capital (private unlimited company); and
  • Public unlimited companies with a share capital (public unlimited company).
Incorporation Procedure

Documents from individuals:

  • Certified Copy of a Passport
  • Certified Copy of a Utility Bill e.g., Gas / Electrical or Bank Statement (dated within the last 3 months)
  • Company name with suffix of Limited.

Documents from legal entities:

  • Copy of the Certificate of Incorporation;
  • Copies of incorporation documents (Articles of Association and Memorandum of Association).
  • Register of directors/shareholders/members

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure
  • Minimum Number of Directors: One, who may be a natural person or a corporate body.
  • Minimum Number of Shareholders: One, which can be the same one as the director.
Timeline

Once we have received all the required identification documents, the company formation process will take approximately 3 working days subject to compliance review.

Taxation Policies

Hong Kong’s tax regime serves as a critical factor that makes it an appealing destination for foreign businesses. Holding companies, regional headquarters, startups, investment firms, and private equity firms of various types choose to incorporate in Hong Kong to benefit from the favorable tax rates.

Here is an overview of major tax benefits that foreign companies can take advantage of by registering their company in Hong Kong:

  • Territorial Taxation: Only income generated within Hong Kong is taxed (25 to 16.5%) . Income from outside Hong Kong is usually exempt.
  • Salary tax: 2% to 17% of assessable incomes.
  • Property tax: 15% on the net assessable value of the property.

Taxes not applicable in Hong Kong:

  • Capital gains tax
  • Dividend tax
  • Hotel accommodation tax (HAT)
  • Value-added tax (VAT), Goods & Services Tax (GST), or Sales tax
  • Withholding tax on interest and dividends. However, royalties and certain service fees are subject to withholding tax
Accounting and Audit Requirements

Under Hong Kong’s Companies Ordinance (CO), a yearly statutory audit of financial statements is required for all companies. This includes companies eligible for certain reporting exemptions and simplified reporting procedures but excludes dormant companies. The audits must be conducted in accordance with the disclosure requirements of the CO.

In addition to the yearly statutory audit, the Inland Revenue Ordinance (IRO) requires corporations in Hong Kong to submit audited financial records and an auditor’s report as supplementary material when filing their PTR. As of April 1, 2023, small companies with a gross income of under HK$2 million (approx. US$250,000) are also required to submit audited financial statements along with the PTR.

Dormant companies, companies incorporated in a jurisdiction that don’t require audited financial statements, and Hong Kong branches of a foreign company are not required to submit audited financial statements and an auditor’s report along with the PTR.

However, it is important to note that Hong Kong branches of foreign companies are only exempt from submitting audited financial statements and an auditor’s report if the following information is submitted along with the tax return:

  • The place of incorporation of the foreign company;
  • Whether the laws of that country require a statutory audit of the worldwide financial statements of the company;
  • Whether that audit has been conducted; and
  • A brief summary of the financial and accounting records maintained by the Hong Kong branch

Contact us for complete assistance in opening an offshore company in Hong Kong.

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Follow the right path with the right procedure

STEP 01

Select package and submit KYC documents

STEP 02

Sign application forms and do due diligence requirements

STEP 03

Submit the application and receive corporate documents

STEP 04

Annual registration renewal to keep business in good standing