Offshore company registration
without leaving your desk
Hong Kong jurisdiction is highly popular today among manufacturers, service providers, hi-tech inventors, investors and entrepreneurs who are engaged in international business and want to get competitive advantages due to beneficial economical system of a tax haven. A lot of global enterprises which successfully operate for a great while are registered in HK jurisdiction. Among many overseas offshore are as Hong Kong enters top 10 the most attractive business platforms providing overseas company owners with tangible benefits that matter to profits increase.
The country of Hong Kong contributes to world economy development and business interaction providing great business opportunities and clear regulation. Company formation in Hong Kong is beneficial for several reasons:
Providing Hong Kong company registration service for more than 10 years we will help you to overcome all difficulties of launching business off the shore.
Step 1
The client fills out the online form with all the relevant details and makes the service payment.
Step 2
We check the name availability and send you all the forms within hours.
Step 3
The client confirms the details on the forms.
Step 4
We submit all of the documents and fees on your behalf to the government departments and take care of the whole process.
After the company is set up, we will send you all original incorporation documents (e.g. Certificate of Incorporation, Business Registration Certificate, company stamps, share certificates, Articles of Associations) in accordance with your shipping instructions.
Company Name
The company name has to end with the word "Limited"
Registered Office
A Hong Kong address is required. We provide it at a low cost.
Company Secretary
A Hong Kong residtent or company is required. We can be your Company Secretary at a low cost.
Share Capital
There is no minimum requirement for share capital. It can be as low as HK$1.
Directors
No nationality requirement. An individual is however required to be the first director.
Shareholders
A Hong Kong residtent or company is required. We can be your Company Secretary at a low cost.
A low and simple tax system and a simple company incorporation and legal framework are the two key benefits that you can obtain when incorporating an offshore company in Hong Kong rather than in other countries.
Hong Kong has a low and simple tax system, with no GST or VAT. Its profits tax rate (also known as Corporation Income Tax rate) is only 16.5%, which is one of the lowest in the world. The Hong Kong profits tax is charged on a source basis instead of a worldwide basis.
A Hong Kong company does not require its shareholders or directors to be Hong Kong citizens. Foreigners can be the company’s shareholders or directors. The setup fee and annual maintenance costs are low.
Hong Kong follows the common law legal system, which is a good legal system for protecting and enforcing legal rights and obligations arising under commercial contracts and transactions. Hong Kong adopts internationally recognized codes of practices in business and commerce.
Hong Kong is an international financial center. There are no barriers of access to the financial market by foreign businesses and no restrictions on capital inflows and outflows in Hong Kong. Hong Kong has no exchange controls.
There are five major types of business vehicles in Hong Kong for your consideration.
This is the most common type of company in Hong Kong. Profit-making businesses mostly use this type of company. When you want to set up a subsidiary of your company, this is an option.
Charities, trade associations, clubs, professional bodies and religious bodies mostly use this type of company. However, it is more difficult to open a bank account for a limited company by guarantee in Hong Kong.
Examples are sole proprietorships and partnerships. The owners have unlimited liabilities for their debts. They have a lower profits tax rate (15%) and lower company maintenance costs.
Setting up a Hong Kong branch of a foreign company technically does not have any tax benefits in Hong Kong as non-residents are subject to Hong Kong profits tax as well. The Hong Kong branch of a foreign company is not a separate entity and so the foreign company is fully liable for all the obligations of the Hong Kong branch. An annual audit is not mandatory and the tax bureau in Hong Kong generally accepts the unaudited branch management accounts when the branch submits its profits tax return.
A representative office is limited to conducting marketing and liaison activities. A representative office cannot engage in any profit-making activities. This is a good option for companies that would like to explore the opportunities available in Hong Kong before making any significant investment. Unpopular options like unlimited companies are also available in Hong Kong.
Comparison: Subsidiary vs Hong Kong Branch vs Representative Office
You are welcome to contact us should you need any advice on the choice of business vehicle.
Economic regulation of business activity in Hong Kong stands out with its leniency. Country’s legal system is based on principles of English common law despite proximity of such an influential country as China.
Businessman from all over the world, who hunt an opportunity to reduce amount of tax expenses, to evade stringent demand to conduct an audit and to manage the company’s activity in the most cost-effective and rational way, choose legal framework of Hong Kong to create companies.
Hong Kong company registration process is fast, doesn’t require much mental and financial resource especially when you use help of expert agencies. A company may be registered without your mandatory physical residence in the jurisdiction. We provide full registration service for those who plan to register a company in Hong Kong. As result you will be able to run your business living in any country.
Being the world financial center, Hong Kong suggests an opportunity to open multi-currency bank account in one of the most stable and well-recognized banks, such as Bank of China, Hang Seng Bank, HSBC, etc. The key benefit is that you will be able to manage your account online from any place.
We will gladly help you with hk company registration and opening a bank account in any appropriate bank you choose. You can also choose a bank in any country outside Hong Kong (Singapore,UK, Switzerland, etc.). Note that you will either have such an option if registering a company in Cyprus, Mauritius and in some Caribbean countries.
If you setup company in Hong Kong aiming to conduct online business worldwide, the country provides you with an option to use merchant serviceswhich are available in variety. But in this case opening bank account in a local bank and hiring local director is mandatory. Please contact us to find out more details on the issue.
HK companies are considered as trustworthy on the world stage. It is easy to do business with both western and eastern companies. Taking into account jurisdiction’s proximity to China, Hong Kong company formation will benefit to those who cooperate with Chinese companies and want to get access to mainland market. Besides, country’s location is perfect for cooperating withbiggest emerging industries.
Once your Hong Kong-based company makes profit outside the country you don’t pay any income tax. Even if you do business with China tax rate on corporation profit is 0%. In case your commerce activity is conducted within HK’s territory 16.5% of income should be paid as taxes. For example, if a company based in HK deals with Chinese supplier and then resells the goods in EU countries or on the American continent, it will be not required to pay income tax.
Company formation in Hong Kong costs reasonable price and authorized capital is required to be 10,000 HKD which is significantly lowerthan in many other countries.
If you are not going to travel to Hong Kong and to live there for some time taking all risks and necessary actions while registering an offshore company then you get a perfect chance to avail of our company registration service in Hong Kong. We will register your business as a type which you choose at your personal data and process all necessary stages providing maximum transparency,security and quality. Registration will not take much of your time as our experience and knowledge let us do everything quickly and efficiently.
The whole registration process is performed online. Our managers are available all the time 24/7 that is why you can get answers to any questions immediately. Online process means sending your documents by email, speaking with your manager by phone, making online payments and receiving the registration documents at your residential addresses.
So what are HK company registration stages and documents?
Once we receive all the needed documents it will take around 2 hours to register a company in Hong Kong and you will get Business registration certificate and Certificate of incorporation. The whole process of HK company registration will take no more than 1 week.
We can also open a bank account for you and 2 options are available. You can choose from the best Hong Kong banks to serve your financial needs. Or we can suggest you opening a bank account in a bank of another jurisdiction, Mauritius for example, and that would be twice or even three times less expensive for you.
If your business extends to Hong Kong or you want to launch a startup it is not necessary to be physically present there either. We are able to organize everything so that you could just control and get profit.
If your business extends to Hong Kong or you want to launch a startup it is not necessary to be physically present there either. We are able to organize everything so that you could just control and get profit.
If your business extends to Hong Kong or you want to launch a startup it is not necessary to be physically present there either. We are able to organize everything so that you could just control and get profit.
If your business extends to Hong Kong or you want to launch a startup it is not necessary to be physically present there either. We are able to organize everything so that you could just control and get profit.
It is clear that the price for company incorporation is higher than the price that you will have to pay for next years. You will have to pay fixed registration fee to HK government and fee for agent’s services if you hire us (we will get official address for your office, hire a secretary, find an accountant and an auditor, and will perform other functions if you choose) for the 1st year.
So the price of company formation in Hong Kong for the initial year includes:
| Company incorporation documents (full package) and kit set (stamp, seal, etc.) | |
| Business registration fee | |
| Business Registration Certificate | |
| Company secretary | |
| Registered office address | |
| Corporate bank account | |
| TOTAL |
If you look for outsourcing company to manage your business incorporation process, be aware of scam. Agencies charging fewer fees usually try to get much more from you later. We suggest transparent prices which you can check independently and clearly mark the price for our service.
For the 2ndyear cost of your company’s existence will consist of:
| Business Registration Certificate | |
| Annual Return government fee | |
| Company secretary | |
| Registered office address | |
| TOTAL |
With our service you will not have to collect documents, send them to the government and sign anything in order to renew company’s certificate as we will manage the whole process and just ship you the new certificate sample.
Once your company exists for a year and a half you will have to file tax return annually. Together with Hong Kong company registration service we suggest accounting and auditing services so that you could have more time to develop and improve your business but not get involved in paperwork. Price of the service depends on how much invoices your company produced and starts from for keeping accounts and from for auditing service. Note that you will have to send us bank statements and invoices so that we could fill in and submit all the required reports. Otherwise you need to find a tax expert in Hong Kong to fulfill all the governmental requirements concerning accounting and audit.
So, annual cost of running a company in HK is:
Company formation in Hong Kong is time consuming and requires much knowledge and effort if you decide to do it independently. In most cases the process lingers for many months as you need to study many laws, regulations and requirements in order to fill in all the necessary forms correctly, avoid fines, and get the offshore status and exemption from income tax. That is why turning to our experts whoperfectly understand the intricacies of HK company registration process due to many years of practice is the best solution.
If your business is regulated by Hong Kong’slegislation but business activity has nothing to do with this country then it is called offshore company and gets 0% income tax rate. If you interact with any Hong Kong partner or import goods which may come through HK then 16.5% income tax will be inevitable.
So what conditions should be fulfilled in order to maintain offshore status and 0% tax rate?
Your business activity should be conducted strictly outside HK (no working office, no hired staff).
Any goods or services from your balance should not enter territory of the country.
Your customers and suppliers should not have Hong Kong registration.
Your contracts, invoices or agreements should not be made with HK parties.
Hong Kong company formation is the best way to significantly reduce tax deductions or to reach Asia pacific market. HK jurisdiction is well recognized with its clear legal system, straightforward rules, and mild taxation. The country provides well-developed financial infrastructure and ability to use the latest financial instruments.
Businesses registered in Hong Kong are considered to be trustworthy by global community. Such a company may become a good investment base for you if planning to reach Mainland China and to develop trading activity.
Offshore companies get essential benefit of complete exemption from income tax and ease on the incorporation stage. Moreover it will take minimum of your time and effort to manage properly organized business in HK.
We are ready to answer all your questions concerning Hong Kong company registration right now! After our comprehensive consultation you will have a clear picture of all the stages of incorporations process and all the available benefits.