Company registration in Hong Kong

Registration fee is from 2800 €

Registration period — 3 weeks

Minimum authorized capital - 1 HKD

Remote opening — yes

Financial statements — yes

Hong Kong is a special administrative region of the People's Republic of China located on the Kowloon Peninsula. For 100 years, Hong Kong belonged to the United Kingdom under a lease that ended in 1997. According to the agreement, China is committed to the principle of ‘one country, two systems’ and Hong Kong's unique status will remain unchanged until 2047. Hong Kong is a leading financial, trade and transport center in the world. Hong Kong companies have a number of significant advantages for international trade business, because of the one of the lowest income tax rates in the world. 

Maira Consult recommends using companies registered in Hong Kong as a trading company, for importing and exporting goods, for IT business and intermediary services. 

It is very easy to open a company in Hong Kong. Company registration in Hong Kong is a remote process that does not require a personal visit to Hong Kong. Maira Consult specialists will help you quickly prepare all the documents for registering a company in Hong Kong. Also, you can buy a ready-made company in Hong Kong and register it in just a few business days. It is possible to register a company in Hong Kong by submitting original signed registration forms and documents or electronically.

The package of documents you will receive after company registration in Hong Kong:

  • Certificate of incorporation
  • Certificate of business registration (tax registration);
  • Articles of association and memorandum of association
  • Form NNC1 (registration form)
  • Share certificate
Our experts are well versed in the Hong Kong company registration process and will provide you with high-quality advice on all issues that arise at this stage.

Hong Kong advantages

1

No value added tax (VAT)

2

Confidentiality of beneficiaries

3

Tax on dividends is 0%

General Information

Registration Features

Every Hong Kong company is required to have a Designated Representative who is authorised to negotiate with government authorities. As a rule, this function is performed by the company secretary, who must be a Hong Kong resident.

Company Name

The name of the company must end with a word or abbreviation indicating its limited liability. For example, it can be variants such as “Limited”, “Ltd.”, “Corporation” or “Corp.”.

Authorized Capital

There is no minimum amount of authorized capital. Typically, the authorized capital is HKD 10,000 (about USD 1,300), and there are no mandatory requirements for its payment.

Director

The minimum number of directors is one, and they can be either individuals or legal entities. There are no residency restrictions. It is also possible to appoint a nominee director.

Shareholders

The minimum number of shareholders is one, and it can be either an individual or a legal entity. There are no residency restrictions. It is also allowed to use the services of a nominee shareholder.

Financial Reporting

A Hong Kong company is required to submit annual financial statements. The first financial report, together with the auditor's report, must be submitted within 18 months from the date of incorporation, and then annually thereafter.

Taxation

Corporate tax - 16.5%, dividend tax - 0%, capital gains tax - 0%. A Hong Kong company is exempt from corporate tax under the following conditions: 1. The company is managed outside Hong Kong. 2. The company has no local counterparties. 3. Negotiations and signing of contracts are carried out outside Hong Kong. 4. The company does not provide services in Hong Kong or the goods traded by the company are not transported through the Hong Kong customs zone. 5. The company's employees are not residents of Hong Kong. If the company operates in Hong Kong, newly established Hong Kong companies with small turnovers are entitled to tax relief - 8.25% for the first HKD 2 million of profit. HKD of profit.

Confidentiality

The state register of companies is publicly available. The information about the company's directors and shareholders is public. Each company is required to maintain a register of persons with significant control (beneficiaries) and keep it at its registered office in Hong Kong. The UBO register is not publicly available, information can be obtained only upon request from the relevant authorities.

Stages of company registration

01

Choosing the name and form of the company

The most popular form of company registration in Hong Kong is a limited liability company (LTD). Before registering, you need to submit a request to the Hong Kong Companies Registry to check the availability of the name. Once the name is confirmed, the preparation of corporate documents begins.

02

Preparation and collection of documents

Each company member is required to provide a full KYC package of documents including passport, passport selfies, utility receipt, bank reference, resume and other required documents. This is a must for those who plan to incorporate a company in Hong Kong, ensuring compliance with all legal and security requirements.

03

Identification of company participants

At this stage registration forms and corporate documents are signed. The originals of the signed forms and corporate documents are sent by courier to Hong Kong. If you use the services of a nominee director and shareholder when registering a company in Hong Kong, registration is possible by electronic submission of documents without sending originals.

04

Formation of the share capital (if necessary)

In Hong Kong, there is no mandatory requirement to form a charter capital for a business. If necessary, the authorized capital can be formed after the company registration process is completed.

05

Company registration

Originals of all signed registration forms and corporate documents required for the registration of a Hong Kong company are submitted to the Hong Kong Companies Registry. The standard business registration period in Hong Kong is 3 weeks.

06

Receiving of corporate documents

After registering a company in Hong Kong, the registry issues corporate documents with official stamps confirming the completion of the registration process.

07

Legalization of documents (if necessary)

If necessary, the documents of a Hong Kong company are submitted for legalisation and apostille. In most cases, the documents of a Hong Kong company are certified by a public official - an oaths officer or a notary.

08

Delivery of corporate documents

The original corporate documents of a Hong Kong company are sent by courier service.

Answers to the Most Common Questions:


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