key facts of hong kong company registration
TRANSCRIPT
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 protected]
or visit http://www.healyconsultants.com/hong-kong-company-registration/