Special Region of Hong Kong

Hong Kong Special Administrative Region

Our company provides a full range of services for company formation in Hong Kong. The basic offer includes:

• Consulting on doing business in Hong Kong
• Provision of nominee services
• Provision of a company secretary in Hong Kong
• Registration of a company office in Hong Kong
• Opening a company account in a convenient foreign bank
• Full range of mail forwarding and secretarial services

If you wish to obtain a company in Hong Kong as quickly as possible, we offer a wide range of ready-made companies of any age with neutral names. The process of re-registering a company to you will take 1 hour.

After the registration or purchase procedure is completed, you will become the owner of the entire package of documents and tools that will allow you to manage the company from anywhere in the world.

Company in Hong Kong

Minimal taxation and a high level of trust from banks make Hong Kong an ideal place for doing online business and an excellent platform for trading operations in the Asian region. Only income earned in Hong Kong is taxed here. In this case, the place of receipt of income is considered to be the place where the prior negotiations were conducted.

In view of the peculiarities of Hong Kong in terms of determining the place of receipt of income, it is advisable to first register a company in another offshore zone, and then re-register it in Hong Kong, leaving all management bodies and the directorate in the old jurisdiction, signing all contracts there.

Hong Kong also has a wide range of processing companies willing to cooperate with online businesses of any risk level.

Our experts highlight the following advantages that a company in Hong Kong can provide to a business:

1. Exemption from income tax on profits earned outside the country
2. No VAT
3. No taxes on offshore transactions
4. Opportunities to optimise import schemes from Asia and Australia
5. Confidentiality, the possibility of using nominee services
6. A company in Hong Kong is characterized by a fairly high level of prestige
7. Small, non-mandatory authorised share capital (usually 10,000 Hong Kong dollars)

Information for those wishing to open a company in Hong Kong:

Registration in Hong Kong

The registration procedure in Hong Kong is carried out in English. Our company can provide you with the services of a professional translator. For registration, the presence of one natural or legal person is sufficient. One person can simultaneously act as a shareholder and a director.

Since Hong Kong has implemented British corporate law, such a convenient form of company as a partnership is available for registration here. A partnership can be created with a symbolic authorised capital of 2 Hong Kong dollars. You can learn more about the features and benefits of using a partnership from our specialists.

Any foreign company, for example from an offshore zone, can also register a branch in Hong Kong. If a company is registered in Hong Kong in the form of a trust, it is exempt from the obligation to submit reports, including audit reports. The directors of the company are unlimitedly liable to it for their actions.

Registration in Hong Kong requires the following documents:

• Chosen name (uniqueness is required)
• Determination of shareholders, directors, shares
• Copies of passports (internal and foreign) of directors and shareholders
• Addresses of directors and shareholders

To register a branch of a foreign company, you must provide:

• Copy of the Articles of Association
• Copy of the branch registration application
• Copy of the company registration certificate
• List of directors and secretaries
• List of Hong Kong residents authorised to communicate with the authorities
• Legal address of the company
• Notarised copies of the latest balance sheets and audit reports (not always)

A company in Hong Kong can be registered without a personal presence. Our specialists will carry out all procedures for the preparation, translation and legalisation of documents with an apostille.

You can open a company in Hong Kong within 4-5 weeks, taking into account the registration procedure with government agencies and the time required to send documents.

Offshore Hong Kong

In this case, it is not entirely correct to use the word offshore: Hong Kong, in fact, is not one of the offshore jurisdictions. It is not listed in the lists of international economic organisations or in the national lists of offshore zones.

The scale of financial transactions and trade with this jurisdiction is so large that transactions with Hong Kong are rarely suspected of being offshore fictitious. The lion’s share of all Asian exports passes through Hong Kong, and goods of non-European origin do not raise questions from tax authorities.

Taxation

Hong Kong is not one of the offshore jurisdictions, but the taxation here is no less comfortable. In principle, there are very few taxes, and the rates are low. The income tax on profits earned in Hong Kong is only 17.5%, and after two years the rate drops to 16% (for comparison, in Panama the tax is 30%, in Belize – 35%). There is also no anti-transfer legislation here.

Dividends received are not included in the list of income, which makes the Special Administrative Region convenient for use in various holding schemes, for example, to receive royalties from the use of intellectual property. There are no turnover taxes or capital gains taxes. There are no transaction taxes or social security contributions. There are no customs duties on imports and exports in Hong Kong. The latter allows you to import goods into Hong Kong with repackaging and changing prices in invoices.

There are no taxes on dividends, on the distribution of dividends, on interest on bank deposits, or on payments upon liquidation of a company. Hong Kong is therefore often used to remit dividends from countries without withholding tax on dividends, such as the Republic of Cyprus.

There is no currency control at all, which allows you to cash dividends directly on the spot or transfer them to any bank.

Professional fees and royalties paid to non-residents are taxed (1.75%, after two years – 1.6%). Insurance and reinsurance are subject to reduced rates, the tax on consignment operations (carried out by a resident on behalf of a non-resident) is 1%. The state duty is charged in the amount of from $100, but not more than 3.75%, the property tax is 16%.

The taxation on securities applies only to assets acquired on the local stock market. This makes Hong Kong very convenient for securities transactions.

Company in Hong Kong

Hong Kong, also known as Xianggang, is a special administrative region in China, located in the southeast. Hong Kong is guaranteed by the Chinese government non-interference in the tax and political system until 2047. Today Hong Kong is the largest financial centre, as well as a tax haven for businessmen all over the world. It has the largest office, transport and financial infrastructure in Asia, as well as a cheap workforce.

To summarise, we can say that a registered company in Hong Kong combines several advantages. Firstly, it is not perceived as an offshore company: Hong Kong imposes all standard requirements for legal business conduct on entrepreneurs, including the conduct of an audit, during which sources of income are determined. At the same time, there are a number of opportunities (partnerships, trusts) that can make doing business in Hong Kong not only prestigious but also very profitable. Please contact our specialists for advice and registration services.