Advantages of Setting up a Company in Hong Kong
- Corporate shareholder and director is allowed
- Gaining international credit by making use of Hong Kong's reputation
- With the absence of foreign exchange controls, funds can be circulated freely; foreign currencies can be exchanged and transferred as needed, and credit operations can be handled conveniently and quickly
- No limitation on business scope
- Simple and fast company incorporation procedure
- Simplified taxation system, low taxation rate (Profits tax only with tax rate at 16.5% of the profits)
- Hong Kong adopts a territorial source principle of taxation. Only profits which have a source in Hong Kong are taxable
- There shall be at least one shareholder and one director
- At least one director is a natural person (not corporation)
- One company secretary required (position taken by a Hong Kong permanent resident or Hong Kong company)
- There shall be one registered address in Hong Kong
Registration Form and Time to Take
- Registration of a new limited liability business with company register (requires 5-7 days or so)
- Purchasing a Shelf Company (requires 2 days or so)
- Chinese and English names, or single Chinese or English name of the company
- Copies of ID cards or passports and address proof of shareholders and directors
- Business nature
- Shares distribution (for more than 1 shareholder)
- Information of registered address and company secretary. We do provide registered address and company secretary service.