Company Incorporation - HK Company
Benefits of carrying out business in Hong Kong:
Hong Kong is one of the leading international financial centers. At the same time, Hong Kong is also the gateway between the Mainland China and the international market. The benefits of carrying out business in HK include:
- robust legal system;
- low tax rate (16.5% of net profits after deducting all expenses) and simple tax regime (only income sourced from Hong Kong being taxable);
- no restrictions on capital flows;
- freedom of foreign exchange; and
- mature market with comprehensive services support (e.g. talents and infrastructures).
Benefits of setting up limited companies:
Limited companies enjoy independent legal status, which is separated from the shareholders and directors. Financial liabilities of shareholders are limited to the capital invested. While the company is liquidated due to liabilities, the legal status of shareholders will not be affected.
Limited companies enjoy higher flexibility in tax planning compared to sole proprietorship and partnership, including but not limited to the followings:
- The salary and benefits (e.g. housing, medical, transportation, travelling expenses, etc) of the directors and their spouses can be deducted as the company's expenses.
- Lower Profits Tax and documentation fees of the lawyer when transferring a property with limited company.
- Assets like property and vehicles held by the company can be used for tax deduction.
- Stamp duties on transfer of shares of limited companies, which hold assets like property, are lower than stamp duties on transfer of properties held by individual persons.
For further details, please contact us at 2180 7222 / 2180 7221.
Methods of setting up Hong Kong limited companies:
There are two ways of setting up limited companies:
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New incorporation
Overall charge: HK$5,350* (including government charges of HK$3,970 in total)**
* Special offer is available occasionally, please contact us for details. ** Overall charge may be adjusted in accordance with the change of government charges.
Required time: Around 2 weeks
Service includes: - First year business registration fee - One-off company registration fee - 10 copies of Article of Association - A share certificates book (20 certificates) - A Pocket set - A Statutory book - 2 Pre-ink chops and a steel seal - Documents for bank accounts opening |
Ready-made
Overall charge: HK$5,850* (including government charges of HK$3,970 in total)**
* Special offer is available occasionally, please contact us for details. ** Overall charge may be adjusted in accordance with the change of government charges.
Required time: Around 2 days
Service includes: - First year business registration fee - One-off company registration fee - 10 copies of Article of Association - A share certificates book (20 certificates) - A Pocket set - A Statutory book - 2 Pre-ink chops and a steel seal - Share transfer documents and statutory submissions - Documents for bank accounts opening |
Setting up a Hong Kong limited company requires at least one shareholder, one director (Any nationality, and the director and the shareholder can be the same person/corporation) and one company secretary.
The company secretary should be a Hong Kong resident or a Hong Kong limited company. If the company has only one director, that director shall not also be the company secretary.
(We can be appointed as your company secretary. Only HK$600* per year will be charged for this service.)
The address of registered office of limited company must be a Hong Kong address. Address of public housing cannot be the registered office of limited company.
(You can choose to use our company address for registration and mail receipt. Only HK$840* per year will be charged for this service.)
* Special offer may be available occasionally, please contact us at 2180 7222 / 2180 7221 for details.
Documents and procedures for registration:
1. Provide the address proof in recent three months and copies of HKID/passport of Founder Members, Directors, Company Secretary (or Certificate of Incorporation and Business Registration for corporate members, directors, company secretary);
2. Provide the share capital amount (no requirement on the minimum amount of share capital) and share allocation between members;
3. For forming new company, provide 3-5 names of Chinese and English names respectively in the sequence of your preference. For choosing ready-made company, please request us for the list of companies available and choose your top 3 preference;
4. After preparing the required documents for registration, we will contact you for arranging sign-off and full payment;
5. After getting the approval from Company Registry, we will provide you the official documents and bank account opening documents.
