Company formation services help multinational companies and entrepreneurs to obtain a competitive platform in the Asia-Pacific region. With low tax rates, an openness towards foreign investment and a close proximity to China, company registration in Hong Kong has become a vital aspect in conducting business in Asia. The city has also been described as the world’s greatest experiment in laissez-faire capitalism given how business minded Hong Kong Company Law is, attracting multinational companies and entrepreneurs alike.
Our company formation services include:
> Company formation application
> Company name search and reservation
> Provision of a registered address
> Company secretarial services
> Bank account opening and relevant post-incorporation maintenance services
Benefits of Hong Kong Company Formation
> Hong Kong company law is modern, flexible and commercially minded
> Territorial tax system whereby only profits derived in Hong Kong are subject to tax
> Close geographical proximity to China and other major Asian economies
> The Hong Kong company formation process is simple as compared to Chinese enterprises
> Ample business support and assistance offered by the Hong Kong Government
Hong Kong Company Formation Requirements
Setting up a company in Hong Kong is simple with minimum requirements. Upon having a company name approved, a minimum of one individual director, one shareholder and one company secretary is required for Hong Kong company registration purposes. While shareholders and directors are not subject to any nationality or residency requirements, the company secretary must ordinarily reside in Hong Kong. To the extent that the company secretary is a body corporate, its registered office or place of business must be in Hong Kong.
A minimum of HKD 1 is enough to satisfy Hong Kong share capital requirements and a local Hong Kong address must be utilized for the company’s company registration registered address.
Annual Maintenance Requirements of a Hong Kong Company
> Every Hong Kong company must maintain sufficient accounting records which are to be properly audited each year
> Private limited companies incorporated in Hong Kong are required to file an Annual Return to the Companies Registry
> Unless an exemption has been granted, Hong Kong companies must file annual tax returns to the Inland Revenue Department (“IRDâ€)