Hong Kong company Formation

Advantages of Setting up a Company in Hong Kong

Sound legal system

Gaining international credit by making use of Hong Kong’s reputation
As an international financial centre, Hong Kong has multiple financing channels
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 and simple follow-up service
Simplified taxation system, low taxation rate (Profits tax only with tax rate at 16.5% of the profits)
Tax needs to be declared just once per year

General Requirements

There shall be at least one shareholder (corporate shareholder is accetable) and director over 18 years old (there is must have one natural personal director, corporate director is acceptable)
One legal secretary (position taken by a Hong Kong permanent resident or Hong Kong secretary company)
There shall be one registered address in Hong Kong
Registration Form and Time to Take

E-filing incorporation (requires 1 day)
Registration of a new limited liability business with company register (requires 10 days or so)
Purchasing a Shelf Company (requires 2 days or so)

Required Information

English and Chinese company names, or single Chinese or English name
Copies of ID cards or passports of shareholders and directors

 

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