Company Formation
Hong Kong has been rated “the world’s freest economy” for 25 consecutive years by the Heritage Foundation. As an international financial center, Hong Kong is favored by worldwide investors due to its established legal system, simplified taxation system, low tax rate, well-equipped infrastructure and communication facilities, and high quality professionals. Hong Kong offers unlimited business opportunities, serves as a platform to global economy and commerce and a stepping stone to Greater China, whose advantages are well known. Hong Kong company incorporation and bank account opening is with high demand from international investors.
We have many years of experience in setting up sole proprietorships, partnerships, unlimited companies and limited companies. Our CPA sets us apart from ordinary secretarial firms in that we can directly sign the audit report required by the Inland Revenue Department for limited companies. We can provide the most direct and professional one-stop services after setting up companies for our clients, including company secretarial, accounting, auditing, taxation, corporate consulting, trademark registration, etc.
Advantages of Setting Up Company in Hong Kong
- Sound legal system and world-class economic system
- As an international financial center, Hong Kong has diversified financing channels
- No foreign exchange controls, funds can be circulated freely; foreign currencies can be exchanged and transferred as needed.
- No limitation on business scope and simple follow-up service
- Simplified taxation system and low tax rate (Profits tax at 16.5% of profits, first HKD 2 millions assessable profits only at half tax rate, i.e. 8.25%)
- There is no capital gains tax. Dividend income is not taxable. Only income earned in Hong Kong is subject to tax.
- Gaining international credit by making use of Hong Kong’s reputation
The scope of business is not limited, and the follow-up service is simple Simple tax system with low tax rate (only profits tax, the tax rate is only 16.5% of profits, and the first HK$2 million of assessable profits enjoy a half-tax discount of 8.25%) There is no capital gains tax. Dividend income is not taxable. Only income earned in Hong Kong is subject to tax.
Requirements for Hong Kong Company Formation
- At least one shareholder and director with age over 18 years old
- One statutory company secretary (If there is only one director in the company, he/ she cannot be the company secretary, the company secretary must familiar with the Hong Kong Companies Ordinance)
- A registered address in Hong Kong (It cannot be a forwarding address or a P.O box)
Required Information for Hong Kong Company Setup
- Chinese or English Company name, or Chinese and English name of the company
- Copies of ID cards or passports and latest 3 months residential address proof of shareholders and directors
- Shareholding ratio (if more than 1 shareholder)
- Amount of share capital
- Hong Kong registered address of the company（if unavailable, we can provide our Hong Kong office address as the company’s registered office address）
Our services include:
- Conduct company search in local government, checking whether new company name can be used by client
- Apply for Certificate of Incorporation
- Apply for Business Registration Certificate
- Compilation of Articles of Association 20 copies
- Production of share certificate book
- Production of company registers
- Making a signing chop, a round chop and common seal
- Certified true copies of documents for bank account opening by CPAs and make appointment for bank account opening
Should you have any enquires about Company Incorporation, please contact us and we will provide FREE consultation service.