Hong Kong Company Registration
Overview
Hong Kong, as a metropolis of opportunity, originality and enterprising spirit, has been appraised by Forbes as the freest trade area globally for 10 consecutive years. As an international financial center, Hong Kong is favored by worldwide investors due to its established legal system, simplified taxation system, low taxation rate, well-equipped infrastructure and communication facilities, and high quality professionals. Hong Kong offers unlimited business opportunities, and serves as a platform to global economy and commerce, whose advantages are well known, so tens of thousands of international businesses benefit from their establishment in Hong Kong.
Advantages of Set Up Hong Kong Company
· 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
· Hong Kong actualizes a simplified tax system which generally just levies a profits tax at the tax rate of 16.5%, without business tax and value-added tax
· Tax needs to be declared just once per year
General Requirements
· There shall be at least one shareholder and director over 18 years old
· There shall be at least one Hong Kong permanent resident or authorized Hong Kong company taking the position of legal secretary of the company
· There shall be one registered address in Hong Kong
Registration Form and Time to Take
· Registration of a limited liability company (requires 10 days or so)
· Purchasing a Shelf Company (requires 2 days or so)
Required Information
· Chinese and English names, or single Chinese or English name of the company
· Copies of ID cards or passports of shareholders and directors
· Registered address of the company (if unavailable, we can prepare for you)
· Copy of the ID card of the company's legal secretary. In case the part of legal secretary is taken by a company, the copy of certificate of incorporation and business registration certificate shall be provided (if unavailable, we can prepare for you)