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Start your Hong Kong company Why and How

June 7, 2021

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Start your business in Hong Kong. Located at the middle of Asia, as a Free Trade Port and International Financial Centre, Hong Kong is an ideal place for people from all over the world to start their business.

Hong Kong is a primary gateway to Mainland China

with simple and low tax system. There is no sales tax or VAT, no withholding tax, no estate tax, no capital gains tax, and no tax on dividends or interest from savings.Hong Kong has an extensive network of tax treaties to prevent double-taxation.More than 40 jurisdictions have concluded comprehensive double taxation agreements with Hong Kong.

Being a free trade port

we carry out a free trade policy and do not maintain barriers to trade. There are total 8 cities and organizations signed Free Trade Agreements with Hong Kong cooperating on development in economics, commodity, investment and service.

Investor can develop overseas market through Hong Kong easily.

Hong Kong Banking and Financial system had been well-developing; as a gateway to China while providing an efficient market as well as experienced talented manpower. That’s why so many companies set up their business at HK. The Hong Kong company set-up is simple and straight forward. Company Limited by Shares is the most Common type of companies in HK; the liability of the shareholders is limited to the capital originally invested. It is a separate legal entity and therefore protects the personal assets of shareholder from the business liabilities. There is NO nationality requirement and No need to visit Hong Kong for company setup; registration can be done by online submission or paper filing.

For the company formation

the 3 main components of the company are the director, shareholder, and the company secretary.

Every Private Limited Company must have at least 1 director who is a natural person at least 18 years old. And there is NO nationality requirement and No legal maximum for the number of directors. In addition, the sole shareholder can be appointed as director of the company as well.

A corporate can also be appointed as corporate director of the HK company, but still there must have at least 1 natural person be an individual director.

The private company limited by share must have at least 1 member and maximum 50 members. The shareholder can be an individual or a corporate of any nationality, while it is prohibiting any invitation to public to subscribe for any shares or debentures because of private company.

Every Private Limited Company is required to have a company secretary and the company registered office address must be located in Hong Kong. The Company Secretary must be HK residents or bodies corporate having their registered offices or places of business in HK.

If a company has only 1 director, that person cannot also acts as secretary of the company.

The company secretary is responsible for the company’s compliance with its statutory duties. If you have no experience staff who handling the company secretarial issue, you may look for the professional service provider.

Categories: Hong Kong

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