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:
Summary of Hong Kong Limited Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Company |
| Corporate Legislation | British Common Law |
| Taxation | For 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% |
| Currency | Standard Currency HK$ Share Capital can be in USD or any other currency |
| Paid up capital requirement | No paid up capital required(1 HK$) |
| Time zone | GMT+8 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Yes (included and provided by Consil Formation) |
| Local Secretary required | Yes |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | HK$ |
| Standard Authorized Capital | 10.000 HK$ |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | Yes (can be completed by Consil Formation) |
| Accounts public accessible | No |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Hong Kong Limited Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.