Hong Kong Company Formation

Why set up a Hong Kong company?

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 Requirements

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).

Hong Kong Company Annual Maintenance

Stage 1 – Renewal of Company Documents

To maintain government annual charges and renew our annual parking services before due date.

We will send reminder to clients and help to arrange the renewal matter.

Stage 2 – Accounting (e.g. Audit Arrangment) and Taxation

We will send notice to clients to engage our tax filing and accounting services.

3 Key Annual Maintenance Features

In Hong Kong, each company needs to file tax return on annual basis. Companies are recommended to pick either “31-December” or “31-March” as the closing date of financial reporting as same as the cut-off date of Hong Kong Government.

3 key Government departments for the annual maintenance of a Hong Kong limited company are below:

Business Registration Office (BRO)

  • Renew business registration (BR)

Hong Kong Company Registry (CR)

  • Submit annual return (AR1) yearly to record the information of current shareholder(s), director(s) and company secretary.

Hong Kong Inland Revenue Department (IRD)

  • Profits Tax Return (16.5% since 2008/09 and onwards);
  • Salaries Tax (15%) (Employer’s Return 56B).