HONG KONG COMPANY FORMATION
Hong Kong Company Formation. Hong Kong Offshore Company.
KGN Services specializes in Hong Kong company registration and opening of bank accounts.
Hong Kong Company Formation – Overview
Today, many entrepreneurs and investors are setting up their businesses overseas, especially in areas such as Hong Kong. The main reason behind this trend is to find a means to penetrate the international market and to take advantage of tax friendly countries. Hong Kong has been ranked as one of the best places to establish a business and run comfortably. It has many attractive factors that matter to a smooth business operation.
Productive workforce, strategic location, stable political and economic environment, pro business environment, attractive tax regime, world-class infrastructure, and an efficient and effective legal system are some of the main reasons for HK company formation. It is a unique business city with a population of more than 7 million people.
Hong Kong Company Formation – Legislation
- Exemption from all local taxes and stamp duty
- No exchange controls
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- The minimum number of shareholders is one
- The minimum number of directors is one
- Corporate directors and shareholders are permitted
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
Principal Corporate Legislation
Companies Ordinance 1981 as amended.
Type of Law
Common Law based on English Common Law.
Language of Legislation and Corporate Documents
Chinese and English.
Type of Entity for International Trade, Investment & Tax Planning
Private Limited.
Hong Kong Company Formation – Key Facts
Share Capital
Standard authorised share capital is HKD1,000. Minimum paid up share capital is HKD1.
Classes of Share Available
Ordinary shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in Hong Kong.
Company Secretary Required
Yes, must be a HK resident.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in HK. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
Yes.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Hong Kong profits tax is ONLY charged on profits earned from a trade, profession or business carried on in Hong Kong. Thus this means that a Hong Kong company which carries on business in Hong Kong, but earns profits from another place, is not required to pay tax in Hong Kong on those profits. Profit earned inside Hong Kong is currently subject to a rate of taxation of 16.5%. There is no tax in Hong Kong on capital gains, dividends and interest earned.
Double Taxation Treaty Access
Yes.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
Yes.
Exchange Control
None.
Time to Incorporate
Within 1 to 3 working days from the submission of documentation.
Hong Kong Company Formation – Name Legal Requirements
Language of Name
English or Chinese.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.
Suffixes to Denote Limited Liability
Limited.
Questions? Need Advice?.
Hong Kong Company Formation Prices
Hong Kong Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Certificate of Incorporation
- Business Registration Certificate
- Memorandum and Article of Association in English
- Registered Office Address at Central Hong Kong for
- Company Secretarial Services for 1 year
- Minutes of the Meeting
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $1990
Why Choose KGN Services?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
People Also Ask
How much does it cost to set up a company in Hong Kong?
The price for a starting package at KGN Services is 1950 USD. It includes the name check, the preparation of your application, company registration fee, certificates of business registration, proving your rights, and the document of incorporation. KGN will also register the board of directors and shareholders and secretarial services, and provide a local address in Hong Kong for a year.
How do I set up a company in Hong Kong?
If you wish to open a company in Hong Kong, submit an enquiry to KGN Services. You will get assistance in the preparation of your application and receive a step-by-step plan for company registration and incorporation.
What is the process for the formation of a company in Hong Kong?
Forming a company starts with browsing the list of companies offered on the KGN website or sending an enquiry regarding the formation packages. After the payment of the package of your choice is processed, KGN will contact you to gather the necessary documents and prepare the application for the company registration. In 3 working days, you will receive a certificate of incorporation and business registration.
Hong Kong Company Formation Services
KGN Services provides the following services related Hong Kong Company Registration
- Exemption from all local taxes and stamp duty
- No exchange controls
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- The minimum number of shareholders is one
- The minimum number of directors is one
- Corporate directors and shareholders are permitted
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
Hong Kong – General Information
Location: Eastern Asia, bordering the South China Sea and China.
Area: total: 1,108 sq k, land: 1,073 sq k , water: 35 sq km. …
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Natural resources: Outstanding deepwater harbor, feldspar.
Population: 57,191,503 (July 2017 est.).
Time Zone: UTC+8.
Languages: Cantonese (official) 88.9%, English (official) 4.3%, Mandarin (official) 1.9%, other Chinese dialects 3.1%, other 1.9% (2016 est.).
Dependency status: Special administrative region of the People’s Republic of China.
Government type: Parliamentary democracy (House of Assembly); self-governing overseas territory of the UK.
Legal system: Mixed legal system of US and English common law, customary law, and local statutes.
International organization participation:Caricom (associate), CDB, Interpol (subbureau), UPU.
Economy: The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than three-quarters of the more than 1 million visitors that arrive annually. Three-quarters of the visitors come by ship. Major sources of government revenue also include fees from offshore financial activities and customs receipts.
Currency: US dollar.
KGN Services | Hong Kong Company Formation
Tags: Hong Kong Company Formation
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Requirement to File Annual Return
