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Hong Kong Company

Form a Hong Kong Company £725 and annual fee thereafter from £599

As an international financial center, Hong Kong is favored by worldwide investors due to its established legal system, low taxation rate, excellent communication facilities, and proximity to China. The financial infrastructure of Hong Kong ranks amongst the best in the world on par with London and New York and supports many international companies and is a jurisdiction used widely for tax planning purposes.



The key advantages of Hong Kong is that it is not perceived as an offshore centre although many Hong Kong companies are formed as part of tax planning structure. Obvious uses include Hong Kong companies being used to import and re export goods sourced from China. A Hong Kong company conducting business outside of Hong Kong is not subject to Hong Kong Corporation Tax.

Hong Kong Company Compliance

The officers and shareholders of a Hong Kong Company are required to be recorded at Companies House and the annual return filed every year. Accounts are required to be prepared annually, audited and filed at Companies House. A Corporate Director is permitted to be a director of a Hong Kong company and a local Company secretary and Registered office must be maintained. For most of our clients Saveontax.net provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Hong Kong Company remain confidential.

Hong Kong Company Taxation

Hong Kong levies tax at 16.5% on business conducted in Hong Kong itself and therefore any business conducted outside of Hong Kong does not fall under the scope of taxation. No profits from other offshore sources are subject to taxation including dividend income and there is no capital gains tax.There is a withholding tax levied paid or payable to Hong Kong non residents for rights to use certain intellectual property and royalties. The payer of such Royalties can claim deductions against assessable income. The non resident recipient is not liable to pay any taxes.Hong Kong has established tax treaties with these countries as follows: Austria - Protocol, Belgium - Final Protocol, Brunei - Protocol, China - Protocol, Hungary - Protocol, Ireland - Protocol, Luxembourg, Thailand - Final Protocol, Thailand - Exchange of Notes, United Kingdom - Protocol, Vietnam - Protocol

Hong Kong Company Structure

Hong Kong company law is based on English Common Law. The Standard Authorised Capital for a Hong Kong Limited Company is HK 1,000. The Hong Kong Registry provides incorporation services under the Companies Ordinance. Memorandum and Articles of Association are filed with the Registry and an incorporation Certificate is issued.

Hong Kong Company Formation

Keylink Consultancy can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes 7 to 10 days.

Hong Kong Nominee Director, Shareholder and Secretary Services

Unlike most other on-line Formation Agents, Saveontax provides professional Nominee Corporate Director, Shareholder and Secretary Services.  As an Associate of an International Accountancy Firm, we guarantee that your Hong Kong Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are aditional fees for VAT, accounting and audit which may vary. 

Hong Kong Company names

There are restrictions in using names associated with the Government and the Peoples republic of China where special permission is needed. Companies may be formed with Chinese characters but not with a mixture of English and Chinese characters. Companies are Limited, Unlimited or Public Limited Companies and abbreviation of these terms are prohibited.

General Requirements

There should be at least one shareholder and director over 18 years old There shall be at least one Hong Kong permanent resident or authorized Hong Kong company taking the position of legal secretary of the company. The registered address is required to be in Hong Kong Chinese and English names, or single Chinese or English name of the company Copies of ID cards or passports of shareholders and directors

Find out about our special rates for forming a Gibraltar Company.

 

Type of entity Private Company
Type of law Common
Our time to establish a new company 5 days
Minimum government fees (excluding taxation) $350
Corporate Taxation 0% Non resident, 16.5% for resident 
Double taxation treaty access China, Belgium, Thailand, Luxembourg
for resident companies
 
SHARE CAPITAL OR EQUIVALENT
Standard currency HK$
Permitted currencies Any
Minimum issued HK$1.00
Usual authorised HK$1,000
DIRECTORS
Minimum number 1
Local required Not for non-resident companies
Corporate Directors permitted Yes
Publicly accessible records No
Location of meetings Anywhere
SHAREHOLDERS
Minimum number 1
Publicly accessible records No
Location of meetings Anywhere
COMPANY SECRETARY
Required Yes
Local Resident Agent Yes
ACCOUNTS
Requirement to prepare Yes
Audit requirements Yes
Local auditor Yes
Requirement to file accounts Yes
Publicly accessible accounts No
OTHER
Requirement to file annual return No
Change in domicile permitted No

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