Key facts of Hong Kong Company Registration

MINIMUM REQUIREMENTS FOR

HONG KONG COMPANY REGISTRATION

Time to incorporate – 2 weeks

Here’s a breakdown of how long the whole business set-up process takes in Hong Kong, including company

incorporation and bank account opening:

Engagement planning(1 week)

Company incorpora-

tion(2 weeks)

Corporate bank account

approval(4 weeks)

Corporate internet banking approval(3 weeks)

Engagement completion

(1 week)

Total engagement period: 11 weeks

Cost to set up – US$6,550

Includes the following professional services:US$2,350Hong Kong onshore company formation (without travel)

US$1,100Company secretary and legal registered office fees

US$550Estimated Hong Kong Government registration fees

US$2,550Hong Kong corporate bank account opening fees

US$4,950Estimate of annual accounting, auditing and tax fees

Minimum capital required – US$1

There is no minimum share capital required to set up a Hong Kong company

US$1

Registered address is required

• PO box cannot be used

• A virtual office address can be used

REQUIRED APPOINTMENTS FOR

SETTING UP A BUSINESS IN HONG KONG

Shareholders required – 1

• At least one shareholder is required

• Can be of any nationality or residence

Directors required – 1

• At least one director is required

• The director can be of any nationality or residence

Company secretary required

• The company secretary cannot be the sole director of the company

• The secretary must be either another Hong Kong limited company or an individual resident in Hong Kong

KEY FACTS ABOUT

INCORPORATING ABUSINESS IN HONG KONG

Corporate tax rate

• Applies to profits from business in Hong Kong

• Offshore profits, capital gains, dividends and most bank deposits are exempt

16.5%

Corporate tax base

• Foreign operations tax exempt

• Worldwide on income generated by HK operation

Territorial

Shelf companies

• Can be provided in 2 weeks

• HK company name, address, bank account and tax number provided

• Company name for approved corporate bank account can be changed

Available

Main company type

• Unrestricted activities

• Exemption from tax on income from overseas operations

• Low thresholds to incorporation (quick, only one shareholder, director and secretary required)

The Limited Compan

y

For more information on Hong Kong company registration, contact email@healyconsultants.com

or visit http://www.healyconsultants.com/hong-kong-company-registration/