Can a foreigner start a company in Hong Kong?
The e-Registry is the portal that allows foreigners to set up a business in Hong Kong completely through the internet. If you wish to set up a sole proprietorship or a partnership, you must either be a Hong Kong resident or have an applicable work visa. You can read more about getting a Hong Kong work visa here.
What are the legal requirements to incorporate a Hong Kong company?
A duly completed incorporation form that includes the following:
- Company name.
- Registered address.
- Brief description of business activities.
- Particulars of shareholders, directors and company secretary.
- Liability of members.
- Share capital registered on incorporation.
- Number of shares taken up by subscribers.
How much does it cost to register a business in Hong Kong?
For Hong Kong businesses to receive their Business Registration Certificate, the company must make a payment (HK BR Fee) to the business registration office. There are two main types of registration that companies may pay for: 1 Year Business Registration: HK$250. 3 Year Business Registration: HK$3,950.
How long does it take to incorporate a company in HK?
In most cases, it takes about 5-7 working days to incorporate a company in Hong Kong.
How do I start a startup in Hong Kong?
How to Start a Business in Hong Kong
- Select a Company’s Name. Select a unique name for the company before registering a business in Hong Kong.
- Register the Company.
- Open a Local Bank Account.
- Register a Local Business Address.
- Hire Employees.
- File Taxes.
How long does it take to incorporate a Hong Kong company?
about 5-7 working days
How long does the Hong Kong company formation procedure take? In most cases, it takes about 5-7 working days to incorporate a company in Hong Kong.
How much does it cost to set up a limited company in Hong Kong?
Fees
| Different Hong Kong entity types | Registration cost | Annual maintenance fees |
|---|---|---|
| PLC company | US$8,600 | US$4,900 |
| LLC with employment visa | US$15,205 | US$5,000 |
| Hong Kong company with China corporate bank account | US$11,655 | US$5,000 |
| Foreign trust | US$16,000 | US$11,600 |
How long does it take to incorporate a company in Hong Kong?
In most cases, it takes about 5-7 working days to incorporate a company in Hong Kong. However, if you are located overseas, it may take longer owing to the logistics of signing and couriering the relevant company formation documents.
What is required for company registration?
The documents for registering a Public Limited Company include identity proof, address proof, and PAN Card of all Directors and shareholders, DIN, DSC, Utility Bill, NOC from the landlord, Memorandum of Association, and Articles of Association.
What is the corporate tax rate in Hong Kong?
16.5%
Assessable profits of corporation are taxed at the corporate tax rate of 16.5%. There are some tax incentives for special business operations, such as tax exemption for profits derived by offshore funds and profits derived from operating ships in Hong Kong.
Is it easy to start business in Hong Kong?
Most importantly, opening a business in Hong Kong is relatively easy and cost-effective. As a foreigner you can own 100% of your business in Hong Kong, and you may be the sole director and shareholder. Attractively, Hong Kong is also a great gateway for establishing your business in China or other Asian nations.
Is it easy to do business in Hong Kong?
Based on the World Bank Doing Business Survey, Hong Kong is ranked second in terms of ease of doing business in the world.
