Incorporate a Company in Hong Kong

Here’s What You’ll Need

Submit the below mentioned documents to Zolvit to start the procedures.

Zolvit uses the best-in-industry security protocols to ensure your documents are always secure.

• Copy of the Articles of Association for the company
• Company name (3 proposed company names either in English or Chinese)
• Address of the company
• Description of business activities
• Particulars of shareholders, directors and company secretary
• Liability of members
• Share capital registered on incorporation
• Number of shares taken up by subscribers
• For non-resident shareholders and directors: Copy of passport, overseas residential address proof
• For resident shareholders and directors: Copy of Hong Kong identity card and copy of residential address proof
• For corporate shareholders and directors: Copy of parent company registration documents (CoI & AoA).

Did you know?

A foreigner can also be a company's sole director and shareholder, and also own up to 100 % of it.

If you run a business in Hong Kong, you must apply for a Business Registration Certificate within 30 days of starting up.

An Overview on Incorporating a Company in Hong Kong

Hong Kong is one of the most profitable markets in the world. Companies based in or incorporated in Hong Kong are doing exceptionally well. Forming a company in Hong Kong is simple and inexpensive. A third party can easily apply for company registration in Hong Kong without the presence of the owner or directors. Any adult over the age of 18 in Hong Kong can open a business. In Hong Kong, registering a company online takes about 5-7 working days.

Our creative solutions relieve you of the time-consuming, repetitive, and manual incorporation process. So you can concentrate on what is truly important!

Benefits of Incorporating a Company in Hong Kong

• An appealing tax system

  Many investors are looking for a 'tax haven' in Hong Kong for a variety of reasons. One important point is that Hong Kong's low-tax regime benefits investors.Hong Kong has a multiple corporate profit tax system:
  
  A company is a real-life, existing legal entity. It is a legal construct with a separate existence from its directors and stockholders. It is a legal entity created in accordance with the Companies Act. An organisation that has been incorporated has its own rights, is responsible for its own debts, and manages its own legal processes.

  • 8.25 percent on assessable profits of less than 2 million HKD
  • 16.5 percent for the portion that was exceeded
    
    The above policy is considered business-friendly because it is among the most challenging rates in Asia, whereas corporate taxes in those other countries range from 17 percent to 30 percent.

• Economic and commercial liberty

  This early in 2019, the Heritage Foundation recognised Hong Kong's benefit as the world's freest economy. Hong Kong SAR has maintained its first place for over 20 years as a result of its governments' integrity and transparency in providing trade and monetary freedom.
  
  Hong Kong allows corporations to operate almost any type of business, as long as it is legal, including such trading, E-commerce, production, consultancies, and even financial asset holding. Hong Kong-based businesses can open bank accounts anywhere in the world, with no regulations from Hong Kong governments.

• Excellent infrastructure

  Hong Kong is not only one of the world's largest commercial centers, but also Asia's heart. With well-developed and interconnected transportation, flying to any country in this region takes only 5 to 8 hours. In the first quarter of 2019, Hong Kong International Airport was ranked among the top ten busiest airports in the world. The transportation system is one of the most efficient in the world, with railways, trams, ferries, double-decker buses, and mini-buses. In 2022, Hong Kong is expected to be among the first territories to witness 5G technology.

• Life satisfaction

  Despite the fact that Hong Kong is one of the most expensive places to live, entrepreneurs and immigrants alike are drawn to the city's benefits and quality of life. There are numerous public transportation options that are not only high-quality but also inexpensive and dependable. Hong Kong is regarded as a livable city with efficient banking, public, and entertainment services. Furthermore, the variety of foods and consumer goods provides people with a wide range of options in their daily lives. Furthermore, foreigners choose Hong Kong to relocate unquestionably because of its world-class quality education.

Checklist for Company Incorporation in Hong Kong

• Before you can proceed with the incorporation of a Hong Kong company, the company name must be approved
• Also with amendment, each company incorporated in Hong Kong, excluding those listed on the Hong Kong Stock Exchange (HKSE), will be required to create and maintain a register of all persons who have significant control of the company beginning on 1 March 2018
• A minimum of one individual director and an unlimited number of directors are permitted. The director must be a natural person of any nationality who is not a Hong Kong resident
• Directors must be at least 18 years old and cannot be bankrupt or convicted of any wrongdoing
• There seems to be no requirement that the directors be shareholders as well. In addition to the individual director, nominee corporate directors may be appointed. Board of Directors meetings take place anywhere around the world
• Although there is no minimum share capital requirement, it is common for companies incorporated in Hong Kong to have at least one shareholder and one ordinary share issued at the time of formation
• To register a Hong Kong company, you should provide a local Hong Kong address as the company's registered address. The registered address cannot be a PO Box and must be a physical address
• It is required to register the company officials with the Hong Kong Companies Registry.

What Business Structures Can Be Registered in Hong Kong?

While there are numerous business types that can be established in Hong Kong, you must first make a decision whether you want to run your operations from Hong Kong or from wherever you are. This decision will benefit you in other areas as well, such as taxation. We've broken down each business structure below to help you determine which one is right for you:

• Sole proprietorship
• Business partnership
• Private limited company by shares
• Public limited company by shares
• Company limited by guarantee
• Branch office
• Representative office.