Updated on July 06, 2024 06:09:05 PM
Incorporation in Hong Kong is supervised by Companies Registry, a governing body in Hong Kong. This place is one of the most popular jurisdictions for company incorporation in Asia. Its business-friendly environment, strategic location, and robust legal framework make it an ideal place for entrepreneurs to establish their businesses.
Hong Kong stands as a global financial hub, renowned for its strategic location, robust legal framework, and dynamic business environment. For entrepreneurs and businesses seeking to establish a foothold in the heart of Asia, the process of company incorporation in Hong Kong offers a gateway to unparalleled opportunities. Whether driven by the allure of a well-established market, access to a skilled workforce, or the city's reputation for fostering innovation, the decision to incorporate a company in Hong Kong is a strategic one.
Hong Kong has come out as a prime destination for international business expenses. For more details regarding Company Incorporation In Hong Kong, you can connect our Incorporation Experts at Professional Utilities.
Incorporation in Hong Kong serves you with few benefits. Some factors which makes Hong Kong favorite destination in the world for business owners are as follow:
Companies Registry is the governing body in Hong Kong for companies incorporation. The Companies Registry is a government department under the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region (HKSAR) Government.
Companies Registry includes few tasks & responsibilities such as:
Before Beginning with the process of incorporation it is important to determine the most suitable type of company for incorporation. Following are the different types of company:
Private Limited Company has a share capital divided into shares, and the liability of its members is limited to the amount unpaid on their shares. A private limited company must have at least one shareholder and one director, who can be individuals or corporate entities. It is not permitted to offer its shares to the public.
Sole Proprietorship is a business owned & operated by an individual. The owner is personally liable for all the debts & obligations of the business. It is the simplest type of company to set up and manage easily. Sole Proprietorship is suitable for small business and freelancers.
Partnership is a business structure where two or more individuals or entities collaborate & share profits, losses, and liabilities. Partners are jointly and severally liable for the partnership’s debts and obligations. General Partnership & Limited Partnerships are two main types of partnerships.
An extension of its parent company, a foreign company may open a branch office in Hong Kong. The branch office must submit specific reporting requirements and register with the Companies Registry. Typically, a branch office's responsibility is unrestricted and it shares legal status with its parent corporation.
Representative Office is a non-profit entity established to conduct market research, liaison, and promotional activities on behalf of a foreign company. It is not allowed to carry out profitable endeavors or make business agreements. It is constrained in what it can do and lacks legal personality.
The list of documents required for Company Incorporation in Hong Kong are:
| Type Of Company | Document Required |
|---|---|
| Private Limited Company |
|
| Sole Proprietorship |
|
| Partnership |
|
| Branch Office |
|
| Representative Office |
|
Planning to start a Foreign Subsidiary Company in India - Apply here
The Process of Company Incorporation in Hong Kong is as follows:
The first basic step of company registration in Hong Kong is selecting a unique name for your company which is not similar to any other already existing company. Make sure your company’s name comply with the guidelines of Hong Kong companies ordinance.
The next step is to select the type of your entity as there are so many types of entities in Hong Kong such as private limited company, sole proprietorship, partnership, branch office, representative office.
Once the company name is reserved, you need to prepare the necessary incorporation documents. These typically include Articles Of Association, Incorporation Form (Form NNC1), Notice to Business Registration Office (IRBR1), etc.
For incorporation in Hong Kong, a business entity needs a secretary as per the law of Hong Kong. This secretary can be an individual resident or corporate entity in the state of Hong Kong. The secretary is responsible for ensuring compliance with legal and regulatory requirements.
Once you arrange all the required documents then you need to submit an application for incorporation of your company in Hong Kong. You also need to provide other information about important members of your company to the Companies Registry.
After the company is incorporated, you must apply for a business registration certificate from the Inland Revenue Department within one month of commencing business activities. This certificate allows the company to legally operate in Hong Kong. After obtaining the Business registration Certificate, the application can be filed for opening a bank account for business operations.
The required registration fee for company incorporation in Hong Kong is as follows:
| Company Incorporation in Hong Kong | Registration Fee |
|---|---|
| ✅ Company Name Search & Reservation | HKD 295 |
| ✅ Business Registration | HKD 2000 (per year) |
Note: Other than that professional fees, annual compliance costs, additional services & other will be charged. Remember these fees vary depending on the type of your entity.
While Incorporating your company in Hong Kong you need to follow some laws & rules for smooth functioning of your company. These Laws and Rules & Regulation are as follows:
In conclusion, the process of company incorporation in Hong Kong is a strategic and rewarding endeavor for businesses and entrepreneurs alike. The city's unique blend of global connectivity, business-friendly policies, and robust legal framework provides an ideal foundation for establishing and growing a successful enterprise. As we have explored throughout this guide, Hong Kong offers a myriad of advantages, including a low and simple tax regime, access to a skilled and multilingual workforce, and a reputation for being an international financial and trade center.
Consult with Company Incorporation experts at Professional Utilities for company incorporation in Hong Kong.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
.svg)
To incorporate a company in Hong Kong, at least one director, one shareholder, a company secretary, and a registered office address in Hong Kong are required. The director and shareholder can be the same person, and corporate entities can also act as directors or shareholders.
Yes, both foreign individuals and non-resident entities can serve as directors and shareholders in a Hong Kong company. There is no requirement for directors or shareholders to be Hong Kong residents.
Hong Kong does not have a minimum share capital requirement. Companies can be incorporated with a nominal amount of share capital, and this capital can be denominated in any currency.
The process of company incorporation in Hong Kong is efficient and usually takes around 1-2 weeks. Factors such as the availability of required documents and the specific business activities can influence the timeline.
Speak Directly to our Expert Today
Reliable
Affordable
Assured
Call us on 011-45518998
+91 9821113117
[Mon - Sat, 10am - 7pm]
Write to us
809, 8th Floor, Madhuban Building,
Nehru Place, New Delhi - 110019
Reliable
Affordable
Assurity
They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Very pleased with their service. Prompt, professional and great communication. Definitely recommend. Special mention for Ms. Razia - she handled our case.
Professional Utilities is fully professional in their work, Rates are too low and genuine. Services and satisfaction are high so I highly recommended Professional Utilities.
They are one of the most genuine and reasonable people. I applied for lmpc certificate through them and they charged me a very nominal amount as compared to what other firms asked .
