Hong Kong is located at the south of Mainland China, facing the South China Sea. Having previously been governed by the British, it was handed over to China in a formal celebration on July 1, 1997.
China`s communist society is in direct contrast to the capitalism Hong Kong is known for. The region was officially designated as the Hong Kong Special Administrative Region of China to maintain its independent system under China`s rule. This allows for continuous development with minimal influence from the communist mainland.
As one of the world`s financial centers, Hong Kong`s islands are filled by corporate buildings housing some of the most famous companies, including HSBC -- Britain`s flagship bank during its sovereignty in the region.
Today, Hong Kong`s economic system is one of the most liberal in the world.
Updated: 14 Oct 2019
Author: Alan, K.
Huge Trade Center
As a trade center, Hong Kong features business-friendly laws and with minimal taxing. Profit earned outside of the country are not taxed: however, income within Hong Kong has a tax rate of 17.5%. This makes the region ideal for offshore activities.
Moreover, Hong Kong does not tax capital gain income and does not exercise control over currency exchanges. The region guarantees its business owners trade freedom.
Incorporation Conditions
Conditions for incorporation in Hong Kong are as follows:
- The name of Hong Kong company should be "xxxx Limited" (Unlimited company also available)
- At least one director and one shareholder are needed. One person can be both.
- Director/Shareholder can be resident outside of Hong Kong.
- Authorized minimum share capital is HK$ 10,000.
- Paid up capital is over HK$ 1 (means company can incorporate only by HK$ 1)
- Registered address in Hong Kong is needed (to be provided by Oobac)
- Company secretary is needed (to be provided by Oobac)
- Accounting and auditing are required.
Incorporation Package
Our company formation package in Hong Kong includes:
- Preparation and filing of the necessary paperwork for registration.
- Provision of Initial Subscriber.
- Obtaining of the original Certificate of Incorporation.
- Memorandum of Association.
- Articles of Association.
- Resolution of the appointment of a director and allocation of shares.
- Share Certificate(s).
- Company secretary.
- Government fees for the first year.
- Registered address and agent to comply with minimum local presence laws.
This fee mentioned in this page is calculate based on the capital for HKD 10,000.00. If you need more higher capital, there will be needed additional fee according the amount of capital. Also the courier fee is required for deliver important documents.
Renewal and Maintenance Fee
Fees for renewing a Hong Kong company total to EUR 2199.00 and include the following:
- Business Registration Certificate Renewal
- Company Registry Annual Return Filing
- Registered Address Renewal
- Company Secretary Renewal
An accountant and auditor will also be needed, whose fees are subject to the company`s profits. This service can be provided by Oobac from only EUR.