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.
Company Secretary and Registered Address
- Comply with Hong Kong Companies Ordinance, appointment of Company Secretary and Registered Address is 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
