FORMATION OF HONG KONG COMPANY

Every year, there are over 150,000 companies to be incorporated in Hong Kong. As an international financial center, Hong Kong is regarded as one of the most popular location for business, attracting entrepreneurs and investors from all over the world.

Advantages of Setting up a Company in Hong Kong

Sound legal system
Gaining international credit by making use of Hong Kong’s reputation
As an international financial centre, Hong Kong has multiple financing channels
With the absence of foreign exchange controls, funds can be circulated freely; foreign currencies can be exchanged and transferred as needed, and credit operations can be handled conveniently and quickly
No limitation on business scope and simple follow-up service
Simplified taxation system, low taxation rate (only applies to profits tax, the tax rate for the profits of the first HK$2 million is only 8.25%)
Tax needs to be declared just once per year

General Requirements

There shall be at least one shareholder and director over 18 years old
One legal secretary (position taken by a Hong Kong permanent resident or Hong Kong company)
There shall be one registered address in Hong Kong

Registration Form and Time to Take

Registration of a new limited liability business with company register (requires 7 days or so)
E-filing incorporation (requires 1 day)
Purchasing a Shelf Company (requires 2 days or so)

Required Information