How toset up a company in hong kong
This info sheet provides a concise overview of the key aspects of incorporating and managing a company in Hong Kong. For further details or assistance, feel free to reach out!
Incorporation Process
Timeline:
Incorporating a company in Hong Kong typically takes 5-7 working days.
Document Requirements:
- A copy of the passport for all directors and shareholders.
- A proof of address (no older than 3 months) for all directors and shareholders.
Taxation Overview
- Non-Hong Kong Source Income: Not subject to Hong Kong taxes.
- Hong Kong Source Income:
- Profits up to HK $2 million: 8.25% tax rate.
- Profits exceeding HK $2 million: 16.5% tax rate.
Public Records
Hong Kong maintains a public register of directors and shareholders. This allows anyone to check company details and, for a small fee, obtain all the relevant information.
Shareholders and Directors
Corporate Directors: Allowed, but at least one director must be an individual.
Local Director: No requirement to have a local director.
Shareholders: Can be foreign corporations or individuals.
Accounts and Audit
Annual Accounts: Every Hong Kong company is required to produce annual audited accounts.
Auditor: Must appoint a Hong Kong registered auditor, except for dormant (non-trading) companies.
Share Capital
Minimum Share Capital: A Hong Kong company can be registered with as little as HK$1.
Capital Increase: You can increase this paid-up capital at a later date if needed.
Banking Options
We assist with opening corporate bank accounts in Hong Kong through several digital banks (Fintechs), including:
- Airwallex: [https://www.airwallex.com/hk](https://www.airwallex.com/hk)
- Currenxie: [https://www.currenxie.com/en-hk/](https://www.currenxie.com/en-hk/)
- Statrys: [https://statrys.com/](https://statrys.com/)
We can also assist with opening a bank account with traditional banks in Hong Kong however, a personal visit to the branch in Hong Kong by the director is required.
CONTACT US
Bizwholistic Limited Registered at Unit 2A, 17/F, Glenealy Tower, No.1 Glenealy Central, Hong Kong S.A.R, Reg No: 73091939