Hong Kong
Hong Kong
Why incorporate in Hong Kong?- Common legal system
- Clean government
- Gain credit to your business from Hong Kong’s financial reputation
- Versatile financing channels
- Absence of foreign exchange controls
- Stable currency
- solid currency peg USD7.75~7.85 to HKD1
- Minimal restriction to enter market
- Low taxation rate
- only 3 direct income tax on profits, salaries and real estate’s income
- No VAT/GST, capital gain tax
- only income sourced in / derived from territory of Hong Kong is tax assessable
- Profits Tax rate is flat 16.5% of the assessable profits of business
- Simple tax declaration
- Annual tax return, annual audit of accounts
- Low cost company registration and maintenance
- Registered capital of a “private company” is “on-paper”
- Private Company Limited by Shares
- At least one shareholder and at least one natural person director who aged 18 years old or above, regardless of their residency and nationals.
- At least one statutory company secretary taken by a Hong Kong company.
- One physical address in Hong Kong as registered office address
- incorporation of a new company via electronic submission (1 day)
- incorporation of a new company via hard copy submission (5 days)
- purchasing of a shelf company (2 days)
- Company Name: a pair of English names, or single English name
- Copies of ID cards or passports of shareholders and directors
- Registered office address of the company
FACT SHEET
| BASIC | – |
| Based on British Laws System | Yes |
| Type of Company | Private Company Limited by Shares (Limited Company / Limited / Ltd.) |
| Migration of Domicile Permitted? | No |
| Tax on Offshore Profits | No |
| Corporate | – |
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 (at least one natural person director) |
| Corporate Shareholder & Directors Allowed? | Yes |
| Company Secretary Required? | Yes |
| Statutory minimum authorized capital / shares | Nil |
| Bearer Shares Allowed? | No |
| LOCALITY | – |
| Registered Office Address required? | Yes |
| Registered Agent required? | No |
| Local Directors? | No |
| Local statutory board meetings? | No |
| PUBLIC DISCLOSURE | – |
| Due Diligence required? | No |
| Beneficial Owner disclosed? | No |
| Directors disclosed? | Yes |
| Shareholders disclosed? | Yes |
| ANNUAL COMPLIANCE | – |
| Annual Return | Yes |
| Audited Accounts | Yes |
| LANGUAGE | – |
| M&A in English available? | Yes |
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