Hong Kong

Non-resident Company

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Company Formation in Hong Kong

Hong Kong‘s current legal system, independent of the legal system of mainland China and Chinese civil law, inherits from British Common Law established before 1997. The guiding principle is an independent judicial system in which the Rule of Law, as opposed to Rule by Law, safeguards judicial courts from government intervention.

As one of the world’s leading international financial centers, Hong Kong has a major capitalist service economy characterized by low taxation and free trade.

Hong Kong stature as an International Financial center (IFC), gradually developed from the 1950s to become a key component of the island’s economy. It is an important center for international finance and trade, with one of the greatest concentrations of corporate headquarters in the Asia-Pacific region.

Hong Kong Companies are not considered as offshore companies as there is no offshore legislation in Hong Kong.

All companies are formed under the same legislation, whether they do business in Hong Kong or outside of the territory.

Companies that do not derive any income from sources in Hong Kong are not subject to tax.

Advantages of company incorporation in Hong Kong:

World’s leading international financial center, characterized by low taxation and free trade;

English and Chinese are the official languages. However, the official language in the workplace is English, including contracts written, assessed and implemented;

0% Corporation tax – Corporation tax is only charged on profits derived within the territory of HK.

There are no restrictions on foreign Directors or Shareholders, individual or corporate;

There is no minimum authorized or issued share capital requirement;

There is no withholding tax on interest, dividends and royalty, no capital gains tax in Hong Kong;

Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Hong Kong;

Nominee services are available;

Board Meetings can be held anywhere in the world.

Summary of Hong Kong Limited Company and main characteristics:

General Information 
Type of companyLimited Company
Corporate LegislationBritish Common Law
TaxationFor Non-resident sourced activities - Corporation Tax – 0%
Tax on Dividends – 0%

Territorial taxation system 0% for non-residents that do not derive any income from sources in HK.
Corporate tax rate 16.5%
CurrencyStandard Currency HK$
Share Capital can be in USD or any other currency
Paid up capital requirementNo paid up capital required(1 HK$)
Time zoneGMT+8
Directors
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredYes (included and provided by Consil Formation)
Local Secretary requiredYes
Registered office requiredYes
Share Capital
Standard CurrencyHK$
Standard Authorized Capital10.000 HK$
Minimum paid up capitalNo
Accounting Requirements
Preparation of accountsRequired (can be completed by Consil Formation)
Requirement for auditYes (can be completed by Consil Formation)
Accounts public accessibleNo
Requirement to file Annual ReturnYes (can be completed by Consil Formation)
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Register your Hong Kong Limited Company

Company Formation – with all services included for the first year: € 4200;

Certificate of Incorporation;

Business License Certificate;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of HK$10,000;

Local Registered Office Address;

Licensed Secretary required by law;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: 3100

Business License Certificate;

Local Registered Office Address;

Licensed Secretary required by law;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request: € 850

Nominee Shareholder – Individual or Corporate as per client’s request: € 650

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: € 500

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements: € 450

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements: € 450

Legalization of Documents:

  • Document Notarization per document: € 500
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.

Company Seal: € 100

Company Rubber Stamp: € 150

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review: € 75/hour

Accounting & Bookkeeping – Quotation based on each particular case.