Easy Procedures for Company Formation in Hong Kong

The principal corporate legislation is the Companies Ordinance. The sort of companies that are used for international investment or trade is “Private limited company”.  A Hong Kong company have all the powers same as natural persons. The official language in Hong Kong is English or Chinese. 

 There are two types of companies which foreign investors start in Hong Kong which includes:-

1)      New company in Hong Kong

2)      Already foreign existing company in Hong Kong or Shelf Company

You can hire an agency for Hong Kong company incorporation; they are providing high-quality services to the foreign business investors and make their entire process easier and reliable at a good cost. For this process, you did not need to go anywhere; you just have a laptop and internet facility with you. Just visit consulting firm’s website and fill the online application form and after that professional persons will shortly reach you to guide next steps.

Hong Kong Company Incorporation Procedures:-

1)      Choose the type of company which you are going to start in Hong Kong. You can choose either a new company or existing company according to your business plans & objectives. Agency will help you to choose the best options.

2)      After choosing the type of company, you have to choose the company name which is unique and related to your company services. The company name must be in English or Chinese and both English or Chinese.  Agency will provide you the best company name list which is related to your services then you have to choose the best among all options.

3)      Then you have to submit the required documents for Hong Kong company incorporation which is Memorandum of Association (MOA), Article of Association (AOA), and Declaration of Compliance.

4)      After submitting the documents, the agency will give you some documents which you need to sign and send back to them through emails.

5)      Within 10-14 days, you will receive a Certificate of incorporation.

Company Formation- Hong Kong

In the age of Globalization, Hong Kong is the perfect place to start a business. Over a past two decades, the majority of business investors start their business in both locally or internationally. The government of Hong Kong supports the foreign business investors to set up their business and provide 100% foreign ownership. Having low tax system, well-developed infrastructure, and business-friendly economy attracts them to form a business here. Hong Kong also has a perfect doorway to the Chinese markets; if the investors have a trading business then the Hong Kong is an ideal choice for them.  You need a government help for Hong Kong Company Formation. The entire process of company registration totally depends on your choice of a form of business which you are planning to do. There is no need to relocate in Hong Kong; if you have an internet business then you can open a virtual office. In other words, you can operate your business from any country across the world. You just need to appoint the Company Secretary who will take care of your each and every thing in Hong Kong.

Conditions to start a company in Hong Kong

•   A company must have minimum one director of any nationality over the age of 18 years.
• A company requires only one shareholder over the age of 18 years of age with no restriction in Nationality.
• There must be one resident Company Secretary. 
•  Director and shareholder can act as a same but can act as a Company Secretary.

Due to its stable economy and effective & low tax system, it is easy to form a company in Hong Kong. You have to pay tax once in a year. If the Company generate profit inside the country then the company is liable to pay 16.5% tax on that profit. If the Company generate profit outside the country then the company is liable to pay 0% tax on that profit. There is no sales tax, no withholding tax, no value added tax or any other tax. 

Do you want to know more about Hongkong Company Formation?  We will happy to help you with starting a company in Hong Kong.