Hong Kong company registration is a relatively simple process, but it requires following certain procedures and meeting some basic conditions. The following are the main steps and related fees for registering a Hong Kong company:
Advantages of Hong Kong company registration
1. Hong Kong is one of the global financial hubs, with a relatively flexible economic system and low tax rates.
2. Hong Kong companies are relatively unconstrained in naming, business scope, and registered capital does not need to be actually credited.
3. Hong Kong companies can enjoy the principle of regional source taxation, and if they meet the requirements, they can apply for offshore exemption from taxation.
4. Hong Kong companies can receive and pay foreign exchange without any restrictions.
Conditions for Hong Kong company registration
1. At least one shareholder and director (can be the same person, regardless of nationality).
2. The registered address of the company must be within Hong Kong and operate truthfully.
3. A statutory secretary must be appointed (who can be a Hong Kong resident or a secretary company holding a TCSP license).
Information required for Hong Kong company registration
1. Company name: Both Chinese and English can be used, but it must end with "Limited Company" or "LIMITED".
2. Shareholders/Directors: At least one shareholder who is over 18 years old and has no nationality restrictions.
3. Registered capital: usually at least HKD 10000, no capital verification required.
4. Business scope: Chinese characters not exceeding 28, English characters not exceeding 60.
5. Registered address: A physical address in Hong Kong is required, usually provided by a secretarial company.
6. Statutory Secretary: A Hong Kong resident or company must serve as the statutory secretary, usually provided by a secretarial company.
The process of registering a company in Hong Kong
1. Company name search: Ensure the legality of the name.
2. Submit registration application: including company articles of association, director and shareholder information, etc.
3. Payment of registration fees: including relevant department fees and service fees.
4. Departmental approval: usually takes 1 to 5 working days.
5. Successful registration: Obtained company registration certificate and business registration certificate.
6. Open a bank account: Choose a suitable bank to open a company account.
The cost of registering a Hong Kong company
1. Departmental fees: including business registration certificate fees and company registration fees, approximately between HKD 1720 and HKD 2200.
2. Institutional service fees: including fees for registering a company, providing an address, and making an appointment to open an account, with varying market prices.
3. Bank account opening fee: If assistance is needed to open an account, the fee may range from HKD 3000 to HKD 12000.
4. Annual review and maintenance costs: Annual review and possible audit are required, and the cost depends on the service content.
Please note that the above information is for reference only, and specific fees and procedures may vary. It is recommended to consult a reliable registration agency for new information.
