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:

To incorporate a company in Hong Kong, you need to choose a unique name, prepare the constitutional documents, appoint at least one director and shareholder, register a registered office and file the documents with the Hong Kong Companies Registry. The incorporation process can be done remotely.
Incorporation of a company in Hong Kong takes 5 to 7 working days, provided all the required documents are submitted.
The cost of company registration in Hong Kong starts from 1500 euros, including preparation of documents, state fees and support of the registration process.
Profit tax is 8.25% on the first 2 million HKD of profits and 16.5% on the amount above this threshold. If the company does not operate in Hong Kong, profits may be exempt from taxation.
No, it is not an offshore zone in the traditional sense, as organizations are required to file financial statements and conduct audits. However, the tax system allows businesses to optimize taxation, especially if income is generated outside Hong Kong.
Yes, if a firm does not operate in Hong Kong and all income is derived from outside Hong Kong, it can be exempted from paying corporation tax. This requires confirmation from the tax authorities.
Companies in Hong Kong are required to file audit reports annually. This requirement applies to all registered firms regardless of their size and activities.
Yes, there is no mandatory requirement to pay a salary to a director of a company in Hong Kong unless it is provided for in the company's internal regulations.
Yes, Hong Kong company documents can be apostilled for use outside Hong Kong. The apostilization process is done through special services.
Hong Kong adheres to the territorial principle of taxation, whereby only income earned within its territory is taxed. This makes the tax system one of the most attractive for international business.
Taxation in Hong Kong is based on the territorial principle. Income earned outside Hong Kong is exempt from taxation. A progressive income tax rate applies to income earned within Hong Kong.
Yes, foreigners can incorporate a company in Hong Kong and be its directors or shareholders. There are no restrictions on the nationality or residency of the participants.
Yes, all firms in Hong Kong are required to be audited annually and to file audit reports with the tax authorities.
To enter into an agreement with a bank, a company needs to provide registration documents, details of beneficiaries, a description of the business activities and proof of sources of income.
The authorized capital of the organization in Hong Kong can be denominated in any currency, depending on the preferences of the founders.

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Messengers

Social Networks

Maira Consult logo