Hong Kong Company
About Hong Kong
A Private Limited Company is the most commonly-used legal entity in Hong Kong that is separate and distinct from the individuals who run it.
Hong Kong located on the south-eastern of China and in the heart of rapidly developing East Asia which is a very popular place to incorporate for foreign investors and businesses because Hong Kong is near to China and has a simple tax system with no VAT, no capital gain tax and no withholding tax.
Hong Kong also offers a great business environment with no restrictions of business scope, a world-class infrastructure and an well-found internet banking system.
Language
- English is an official language and is widely used within the Government and also by the legal, professional and business sectors.
Best Path to China
- Prime location at the geographical of China;
- CEPA and lower withholding tax for dividend and royalty in china.
Well-found Banking Facilities
- Convenience internet banking system;
- No foreign exchange control.
Very-well Business Environment
- No restriction on business scope;
- World-class infrastructure and good supply of high quality manpower.
Simple Tax System
- No VAT, capital gain tax and withholding tax;
- Non-HK source tax exemption.
Setup Requirement
Set up a business in Hong Kong is fast and easy. There are no restrictions on the use of foreigners as Shareholders or Directors at a Hong Kong company. The only thing you have to accomplish is having your company name approved.
Company Name
- Same company name is prohibited according to Hong Kong Company Registry.
- Either an English name or Chinese name; or
- Both English and Chinese name.
Shareholder(s) and Director(s)
- No nationality restriction.
- Individual and/or Corporate shareholder is acceptable.
- Corporate director is acceptable but at least one natural person as director.
Significant Controller(s)
Following the passing of the Companies (Amendment) Bill 2017 on 24 January 2018, Hong Kong companies are required to obtain and maintain up-to-date beneficial ownership information through keeping a Significant Controllers Register (“SCR”) with effective from 1 March 2018 for internal records and inspection by law enforcement officers upon demand.
Company Secretary, Registered Address and Designated Representative
- Comply with Hong Kong Companies Ordinance, appointment of Company Secretary, Registered Address and Designated Representative are required.
Capital Requirement
- Minimum subscribed share capital is 1 share (equivalent to HKD1).
- No par-value for share(s).
Overview of Hong Kong Tax System
Hong Kong is well-known as one of the lowest tax regimes in the world and the tax system in Hong Kong is relatively simple.
Key Features of Hong Kong Tax System
- Tax on Territorial Sourced Basis
- Residence
- No Tax on Capital Gains and Dividend Income
Types of Hong Kong Tax and the Related Tax Rates
There are three distinct and separate headings under which tax is levied:
- Profits Tax
- Salaries Tax
- Property Tax
Key Corporate Features
Below is an overview of key corporate features of Hong Kong Company. ATRIX strongly recommends that applicable professional advice be taken prior to purchasing a company or establishing any corporate structure.
General Information
| British Based Legal System | Yes |
| Type of Company | Limited |
| Business Act / Ordinance | New CO (Cap. 622) |
| Migration of Domicile Permitted | No |
Registration Requirements
| Authorised / Paid-up Share Capital | Minimum HKD 1.00 |
| Minimum No. of Shareholder(s) | 1 |
| Minimum No. of Individual Director(s) | 1 |
| Corporate Directors Permitted | Yes |
| Local Registered Office/Address | Yes |
| Company Secretary Required | Yes |
Disclosure
| Public Disclosure of UBO | No |
| Government Filing - Shareholders | Yes |
| Government Filing - Directors | Yes |
Annual Requirements
| Annual Return / Declaration | Yes |
Days for Completion (Estimated)
| English Name | 1 (e-Reg) or 5 |
| English and Chinese Name | 1 (e-Reg) or 5 |
Compare Jurisdictions
Download our Comparison Chart of the various jurisdictions.
Hong Kong Company Annual Renewal
For registered business, a business registration renewal demand note will be sent by the Business Registration Office approximately 1 month before the current Business Registration Certificate expires. Upon payment, the demand note will become a valid Business Registration Certificate.
Our company will send reminder to clients and help to arrange the renewal matter.
| Renewal Due Date | Our Reminder |
|---|---|
| Incorporation date of the company | 2-month before renewal |
Renew fee may vary depending on the following factors:
- Engaged services;
- Penalty on renew overdue detail.
Jurisdictions we offer:
