Hong Kong Company Formation Benefits
Are you looking for company formation opportunities in Hong Kong?
Hong Kong is one of the most popular formation jurisdictions due to the city being an international center of information exchange, finance, and trade. It is the third largest financial center in the world and the largest in Southeast Asia. Since the inception of Hong Kong’s offshore sector, it has had over a million companies incorporate, thanks in part by its regulatory environment and competitive tax system.
Currently, Hong Kong is the absolute best option out there for a multi-currency corporate account (16 different currencies), with internet banking at one of the largest banks in the world, in one of the world’s premier and largest offshore banking jurisdictions.
Furthermore, only Hong Kong Private Limited Companies are eligible. Hong Kong offshore companies benefit from the jurisdiction not being on the list of worldwide ‘tax havens’, thereby avoiding potential complications from authorities. Offshore companies also benefit from a politically stable environment, a free port, free flow of capital and a freely convertible HK dollar, in a jurisdiction being ranked the freest economy in world for the 20th consecutive year.
These are just some of the Hong Kong company formation benefits that investors can take full advantage of. Know more on how to register a business in Hong Kong as you read on the below information.
Hong Kong Company Formation Package
Main Characteristics of a Hong Kong Company Formation
|Company Type||Private Limited Company|
|Governing corporate legislation||The Hong Kong Company registry is the governing authority and companies are regulated under the Hong Kong Companies Ordinance 1984.|
|Information published relating to company officers||Upon registration, names of company's officers will appear in the public registry.|
|Accounting requirement||Preparation of accounts required.|
Accounts are not publicly accessible.
|Taxation||No taxes on foreign profits.|
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
|Legislation||Modern offshore legislation.|
Capital may be denominated in any currency.
|Financial||Important financial centre.|
|Stability||Stable jurisdiction with a very good reputation.|
|Communication||Good communication means.|
|Time zone||Convenient world time zone: GMT+8|
|Paid up capital requirement||No paid up capital requirement (1 HK$)|
|Renewal Date||Anniversary date of the company / Each Year|
|Basis of legal System||Under Common Law.|
|Minimum directors/shareholders||Minimum of 1 director and 1 shareholder|
|Bearer shares||Bearer shares are not permitted.|
In just 4 Easy Steps
Wonder How An Offshore Company Fits Your Plan?
Just leave your questions here, and we will get back within 2 hrs.
Quick & Easy Online Order
Get Your Company Registered via Online Secured Platform in 4 Easy Steps Starting from $ 1800
Scope of Services
* Company Limited by Shares (recommend)
|Services and Documents Provided (Company Formation Service Fee)||Status|
|Company Name Search;|
|Certificate of Incorporation;|
|Business Registration Certificate;|
|Memorandum and Articles of Association (M&A) ;|
|Lifetime Customer Support;|
|Business Registration Address;|
|Secretary Service of Individuals/ Legal Person in Hong Kong about 1 year|
|Receiving mail and announcement of Hong Kong government for 1 year|
|Annual return and filing|
Hong Kong Company Formation is ideal for?
What are the required documents for the Hong Kong Company Formation ?
Hong Kong Offshore Company Starting from $ 1800
Order Your Company Online and Get Immediate Confirmation
Frequently Asked Questions – Hong Kong Company Formation
Yes. A Foreigner is allowed to take up 100% ownership in a Hong Kong company and can be the sole director and shareholder.
No, the Hong Kong company registry is extremely efficient, and all formalities can be completed online via our online platform.
A Honk Kong based Offshore Company benefits from many tax breaks including:
- No tax on capital gains
- No tax on earned interest on income
- No tax on dividend income
- No withholding taxes
If a Hong Kong company’s trading or business activities are based outside Hong Kong, no income taxation will be levied in Hong Kong. Hong Kong companies with Hong Kong-sourced income currently pay a rate of taxation on profits of 16.5%. Panama has a similar territorial taxation system
The standard authorized share capital is HKD10,000. The minimum issued capital is one share of HKD1 each.
Yes, accounts should be submitted annually to the registrar of companies. through our partners local accountants, we can take care of this formality for you.
We will contact you in due course and ask you for documents to be able to produce accounts on your behalf. Documents requested are generally bank statements, invoices, receipts.
The particulars of the shareholder(s) are available to the public. Using a nominee service or a foundation to hold the share(s) can preserve anonymity.
Yes. Absolutely! If you would like your bank account to be opened in Hong Kong, this is possible but will require your visit in Hong Kong, as the ultimate beneficial owner.
Otherwise, we may open bank account in other countries.
Hong Kong companies are extremely well regarded internationally and therefore opening a bank account is usually not a problem. Obviously, this will be subject to the bank’s own decision and due diligence requirements.
Skwer Group have more than 35 years combined experience in offshore company formation, our global network of registered agent based in more than 20 major jurisdictions, allow us to offer our clients the best services at a very competitive price.