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Company registration in Hong Kong
- Price:from 2400 EUR
- Term: from 7 days
Hong Kong is an innovative, progressive center of Asia, attracting with its competitive tax environment. The jurisdiction has been ranked first for years in terms of ease of doing business, economic freedom, financial secrecy and technological development. The economic environment of this region is developing at the speed of light, which contributes not only to comfortable work, but also to living. No wonder Hong Kong is the world leader in the number of billionaires living in one city.
Setting up a company in Hong Kong is suitable for cross-border trade, e-commerce, IT activities and shipping. With the right approach to the creation of a company, its annual maintenance is fully paid off by future opportunities.
- identification of the client according to the KYC procedure
- registration procedures
- payment of the registration fee
- services of a legal address for a year
- preparation of a package of corporate documents (apostille and notarization of documents upon request, additional 550 EUR)
- corporate seal
- legal and tax advice
- checking the company's compliance with all compliance and KYC criteria
- legal support of the company
- payment of an annual fee
- submission of a static report Annual Return
- services of a legal address for a year
- legal and tax advice
Opening a business account for a company in the Payoneer or Emerald24 payment systems is a comprehensive service from our company. This service does not require additional payment, as we strive to ensure the most comfortable start of your company and emphasize the importance of our cooperation. You pay only bank fees in accordance with the requirements of the payment system, and we take full responsibility for communication with the payment system and collection of documents.
Please note that this offer is valid only if the company's activities comply with the specified payment systems (high and ultra-high risk are not included in the list of permitted activities).
- 1The financial center of Asia, takes the lead in international rankings of countries
- 2Access to international markets and access to maritime transport
- 3Export and import of goods is not subject to taxation
- 4Value Added Tax (VAT) is not applied in the jurisdiction
- 5A Hong Kong company does not pay income tax if it does not conduct local business
- 6Reduced corporate tax rates for small businesses
- 7Data about the owners of the company is confidential
- 8Registration of a company does not require a personal visit to Hong Kong
- 9In Hong Kong, patent IP BOX mode is available with a preferential tax rate of 5%
- 10In Hong Kong, it is possible to redomicilate a company and transfer it to local jurisdiction without re-registering the business from scratch
Hong Kong attracts with its tax system, which is similar to an offshore zone. Non-resident companies that do not operate in the country, do not have local partners and counterparties, and do not enter into trade contracts within Hong Kong are completely exempt from taxation. In order for a company not to fall under local taxation, it must strictly comply with these requirements, maintain correct financial statements and accounting, which will be audited annually by the tax service.
If the tax service sees a business connection with the country, the company's income is subject to taxation at a rate of 16,5%. But even for local businesses, the jurisdiction has developed bonuses - a 50% discount on paying tax on income up to 2 million HKD. Thus, small companies will pay a corporate rate of 8.25%, and private entrepreneurs with this income will pay 50% of the 15% rate – 7.5%. That is, the corporate rate is charged only on the company's profit received from activities within Hong Kong. If the company earns abroad and can prove that the source of profit is foreign, then tax on such income is not charged.
Since 2024, the patent box regime has been in effect with a preferential tax rate of 5% for qualified income from intellectual property (IP). The tax relief covers patents, copyrighted software and rights to new plant varieties. In addition, Hong Kong has an R&D allowance: the first 2 million qualified expenses can be written off at a rate of 300%, and all subsequent ones at a double rate of 200%, which significantly reduces the tax burden on businesses in the field of development and innovation.
For multinational companies carrying on business, trade or other professional activities in Hong Kong, passive income from abroad (received in the jurisdiction) will be subject to income tax (exceptions exist if the conditions of substance or foreign participation are met). For all other companies - passive income is not taxed.
There is no VAT, dividend tax, inheritance tax or capital gains tax in Hong Kong.In Hong Kong, stamp duty is also applied on transactions for the purchase/sale of real estate and shares - from 0,1%.
Learn more about the Hong Kong tax system.Hong Kong law provides for the possibility of registering a company in such forms as: a company with limited or unlimited liability (private or public), partnership, private enterprise, trust, branch.
Non-residents most often create Limited Liability Companies (LTD), which are suitable for obtaining tax benefits and conducting foreign business.
- Capital – no minimum level set. As a standard, when registering a Hong Kong company, an authorized capital of 10 000 HKD is formed. If the capital is over 10 000 HKD, you must pay a tax of 0,1% on the amount that exceeds.
- Director - can be a company or individual of any residency. Minimum one director is a private person.
- Shareholder - can be a company or individual of any residency. Minimum one shareholder required.
- Secretary - must be a citizen of Hong Kong. A corporate person may also act as a secretary.
- Register of beneficiaries - data on the ultimate owners of the company are kept in a closed register and are not publicly available.
- Available information - about the name of the company, legal address, amount of authorized capital, secretary, director, shareholder.
- Substance requirements - will not apply to companies operating outside of Hong Kong.
- Legal address - it is mandatory to have a local address where documentation and internal registers for the company will be stored.
All companies, whether they have local operations or not, are required to keep accounting records for 7 years and prepare annual financial statements. Even if the company has not carried out any activities during the reporting period, it must prepare zero financial statements. Based on these documents, the tax authorities determine whether the company is eligible for tax exemption or tax credits.
Also, Hong Kong companies must prepare an annual static report Annual Return, as an update of registration data for the company. All changes in directors, address, share capital must be reflected in this report. Annual Return is filed by all companies registered in Hong Kong, regardless of whether they have operations or not.
- 3 desired company names
- description of directions of work of the future company
- national and foreign passports of the shareholder and director of the company
- confirmation of the address of registration of the shareholder (for example, a utility bill receipt)
- confirmation of the director's registration address (eg utility bill)
- CV resume for director, shareholder
- bank recommendation for director, shareholder