advantages of company formation in Hong Kong

Hong Kong, a thriving cosmopolitan city, is well known for its luxurious skyline and profound natural harbour. It is spread over 1,104 square kilometres and is home to more than seven million people. In the 1990s, Hong Kong was globally acknowledged as one of the fastest-growing economies in the world, and ever since Hong Kong company incorporation has been popular with investors. Some of the advantages of Company formation in Hong Kong include:

  • Hong Kong is an open economy in the world for the last 18 years

  • It is the second easiest place to do business in world

  • It is the world 11th largest exporter of commercial services

  • Hong Kong has a 3rd largest stock market in Asia and 6th largest in world

  • It is a 2nd largest recipient of foreign direct Investment in world

  • Has free trade and investment policy

  • Hong Kong has the biggest free trade zone and is on the white list of the OECD

  • There is no capital gains tax in Hong Kong

  • There is no with holding tax on interest, dividends and royalty

  • Foreign dividends are not subject to Hong Kong income tax

  • Complete freedom of capital movement

  • Hong Kong has an excellent banking system and communications infrastructure

  • Features robust and well-organized financial market

  • Close proximity to markets in Asia

  • High-tech infrastructure with experienced support services

  • Highly skilled workforce

requirment to open a company

BASIC REQUIRMENTS

  • Company Name
  • Minimum one Director
  • Minimum one shareholder and can go up to 50. The shareholder can be the same person as a director
  • One Company Secretary
  • Local registered address

DOCUMENTS REQUIRED

  • Incorporation form – Form NNC 1 (for company limited by shares) or Form NNC1G (for company not limited by shares)
  • Articles of Association of the proposed company
  • Notice to Business Registration Office
  • Consent to act as a First Director (Written resolution)

OUR SERVICES

  • Preparing the relevant documents for formation of a new company in Hong Kong
  • We provide company secretarial services in Hong Kong for the first year
  • We provide Registered Address and Correspondence Address for the first year
  • Service of Registered Address
  • Our Company Kit includes one pre-inked stamp, 20 copies of Memorandum & Articles of Association (“M&A”), a Share Certificate Book and Statutory Book
  • We arrange the appointment with the Local Bank for opening of corporate bank account
  • One set of Certified True Copies for opening of bank account

TIME PERIOD

It usually takes 4-7 days to register a company in Hong Kong.

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