Hong Kong Company Registration

Advantages of Hong Kong Company Registration

The tax types are simple and the tax rates are low. Offshore operating profits can apply for tax exemption. There is no foreign exchange control, funds can flow in and out freely, and various foreign currencies can be exchanged and transferred at any time. Avoiding trade barriers, facilitating re-export trade, and helping enterprises enter the European and American markets. The profits of Hong Kong companies can be used for further foreign investment and opening up overseas markets. Hong Kong companies are listed entities, which facilitates the listing and financing of enterprises. The business scope is not restricted, and the follow-up services are simple.

Hong Kong Company Registration Process

Company name verification

Signing of entrustment agreement

Signing of legal documents

Submitting to the Hong Kong Companies Registry

Collecting documents after registration is completed

Hong Kong Company Registration Requirements

Company name: Chinese is optional, but English is a must.

Shareholders and directors: 1 or more persons aged 18 or above, no nationality restrictions

Registered capital: minimum HKD 10,000, no capital verification required, no need to be in place

Business scope: Any business of any nature, no more than 28 characters

Legal secretary: Our company can serve as one

Registered address: Provided by our company

Hong Kong Company Registration Fees

The registration fee includes Hong Kong government fees, company SCR filing of important controlling persons, and agency service fees, etc. For specific detailed fees, please consult Zhuoxin’s professional consultants.

Hong Kong Company Registration Time

7-10 working days for paper submission;

2-3 working days for electronic submission

Hong Kong Company Corporate Documents

Certificate of registration

Business registration certificate

Articles of association

Share book

Three seals

Accountant's documents

Statutory documents

Record of key controllers

Due diligence form

Hong Kong Company Bank Account Opening

Zhuoxin can open accounts in Hong Kong banks, Singapore banks, American banks, Malaysian banks, Swiss banks, and domestic offshore banks. For specific bank opening information, please consult Zhuoxin account opening consultants.

Hong Kong Company Taxation

Hong Kong's Inland Revenue Ordinance (Chapter 112) stipulates the collection of three types of direct taxes. They are: Profits Tax, Salaries Tax, and Property Tax.

1) Profits Tax - Profits Tax refers to a tax levied on all profits generated in or from Hong Kong when doing business in Hong Kong. Hong Kong's Profits Tax adopts a two-tier system, that is, the tax rate for the first HK$2 million of the corporation's profits is reduced to 8.25%, and the profits thereafter continue to be paid at 16.5%.

Hong Kong company tax filing time:

Newly established Hong Kong companies - will receive the first Profits Tax Return form about 18 months to 2 years after establishment. After receiving the tax return, the Profits Tax must be filed within 3 months. If the time is exceeded, a fine will be incurred. After receiving the salary tax, it must be filed within one month. If the time is exceeded, a fine will also be incurred.

Non-newly established Hong Kong companies - from the first accounting time, accounting and tax filing will be required every 12 months thereafter. If a tax return is received, the tax return normally needs to be completed within 1 month.

2) Salaries tax - Any person who earns income from a position or employment in Hong Kong or obtains income from employment in Hong Kong, minus the allowable deductions (personal tax exemption or charitable donations, etc.), must declare salaries tax according to the tax rate. If each person's annual salary does not exceed the basic tax exemption and the tax exemption that meets the conditions, there is no need to pay salaries tax (but it still needs to be declared).

3) Property tax - Hong Kong imposes a tax on the owners of land and buildings on their property income, with a tax rate of 15%. That is, it is only required to pay for on-site operations.

Hong Kong Company Support Services

1) Annual review of Hong Kong companies

Hong Kong companies have an annual review every year

Annual review time: before the anniversary of company registration

Annual review content: submit annual return, update business registration certificate, renew legal secretary, renew registered address

2) Audit of Hong Kong companies

Generally speaking, after the establishment of a Hong Kong company, it must file its first tax return within 18 months, and then once a year. This is the obligation of every Hong Kong limited company. There are three ways to file tax returns in Hong Kong:

(First) Inactive business report (zero tax return): suitable for companies without operations

(Second) Auditor's report (tax return for auditing and accounting): suitable for limited companies with operations

(Third) Apply for offshore exemption (apply for tax exemption)

3) Change/transfer secretary/cancellation

Zhuoxin Enterprise provides supporting services such as change, transfer secretary, cancellation, etc. in Hong Kong. Please consult our professional consultants for details.

Zhuoxin Enterprise Service Commitment

All the agency business information of Zhuoxin is free of any fraud. If the customer loses due to the fraud of Zhuoxin information, Zhuoxin will bear all the responsibilities.

All the agency business quotations of Zhuoxin are quoted once before the signing of the agreement, and there is no hidden charge in the business agency process.

Zhuoxin will never disclose customer information to others. If the customer loses due to the leakage of our company, Zhuoxin will bear the relevant responsibilities.