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Registering a company in Hong Kong in 2020

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Registering a company in Hong Kong in 2020

Key benefits of doing business in this jurisdiction:

  • A strategic location;
  • A minimum level of corruption;
  • A loyal legislative policy;
  • It is one of the main financial centers of Asia;
  • The entry into Asian markets;
  • The ability to open a business remotely;
  • No currency control.

A cost of a business registration is from €890

A company registration period is from 7 days

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Hong Kong may be a good decision for registering a company in Asia, opening an account with a bank in Hong Kong. No wonder this jurisdiction is considered a world leader in business and banking. A choice to open a company in Hong Kong has many advantages, because today a rating of this FZ is higher, than the United States, Britain and Japan. According to IQD Consulting experts’ latest data, Hong Kong is a least corrupt country.

If you intend to establish a company in Hong Kong, open an account with a Hong Kong bank, the main advantage is a cost-effective solution.

According to IQD Consulting professional lawyers, a fact, that you are introducing your business in China or other Asian countries, is of particular interest in opening a company in Hong Kong.

IQD Consulting reference: a local company decree (a chapter 622 of Hong Kong laws) and its subsidiary legislation entered into force on March 3, 2014. This new regulation provides for a modernized legal framework for a company registration in Hong Kong and their activities, and also strengthens Hong Kong’s position as an international trade financial center.

Legal forms:
  • Limited Liability Company (LLC)

It is the most common form. It is also beneficial for a non-resident to register an LLC in Hong Kong, because it officially has all the same opportunities as resident firms, including a free trade agreement with China.

  • Branch

This type has a number of restrictions, such as the mandatory presence of a Hong Kong authorized resident.

  • Representative Office (RO)

RO cannot engage in any commercial activity, so you cannot sell goods/services in Hong Kong.

Read also:
Why should you set up a company in Hong Kong?
  • A gateway to explore business opportunities in Mainland China and Asia;
  • A business-friendly tax system, that allows maximizing profits;
  • An income tax exemption;
  • No tax on imports, property, dividends/interest, VAT;
  • A business transparency;
  • A trustworthy political environment and a stable economy;
  • A world-class infrastructure;
  • A protection of customer personal data.
Starting a business in Hong Kong is quite simple:
  • An application for registration online is submitted:
    • a registration form/NNC1;
    • a no
        • tification at the Registration Office/IRBR1 form;
        • a copy of a Charter.
      • To apply for a business registration:
        • a fee for registering a business is about $255/year; $665/three years;
        • a provision of wage protection in an insolvency fund is $32/year; $96/three years.

      Online registration requires 1 day, if all documents are in order. A submission of documents will take up to 4-5 days.

Local taxes in Hong Kong:
  • a corporate tax is 16,5%;
  • an income tax is from 2 to 17%;
  • a tax for real estate is 15%;

If your business is not conducted in Hong Kong, you will need to submit reports, however, a company is exempt from taxes.

A prerequisite in order to open a bank account in Hong Kong, you must set up a company in Hong Kong. In the past few years, the issue of opening a personal account in Hong Kong for citizens of the CIS countries is quite difficult. However, at the same time, IQD Consulting specialists will always offer you a full-fledged alternative.

All questions, regarding registering an enterprise in Hong Kong, opening an account in Hong Kong will be settled by qualified IQD Consulting experts. We will help you to buy an existing Hong Kong enterprise or establish a company in Hong Kong remotely.

Hong Kong Luxury

€1890

  • A company registration
  • A set of constituent
  • A delivery
  • An apostilled set of documents
  • A non-mass registered address

Hong Kong Standard

€1350

  • A company registration
  • A set of constituent
  • A delivery
  • An apostilled set of documents
  • A non-mass registered address

Hong Kong Ordinary

€950

  • A company registration
  • A set of constituent
  • A delivery
  • An apostilled set of documents
  • A non-mass registered address
  • The information outlined in the article is actual at the time of its publication.
  • Please refer to our specialists for checking possible solutions for your business.
  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

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