Hong Kong Company


As an international financial center, Hong Kong is favored by worldwide investors due to its established legal system, low taxation rate, excellent communication facilities, and proximity to China. The financial infrastructure of Hong Kong ranks amongst the best in the world on par with London and New York and supports many international companies and is a jurisdiction used widely for tax planning purposes.

 Hong Kong Company Taxation

Hong Kong levies tax at 16.5% on business conducted in Hong Kong itself and therefore any business conducted outside of Hong Kong does not fall under the scope of taxation. No profits from other offshore sources are subject to taxation including dividend income and there is no capital gains tax.

There is a withholding tax levied paid or payable to Hong Kong non residents for rights to use certain intellectual property and royalties. The payer of such Royalties can claim deductions against assessable income. The non resident recipient is not liable to pay any taxes.

Hong Kong has established tax treaties with these countries as follows: Austria - Protocol, Belgium - Final Protocol, Brunei - Protocol, China - Protocol, Hungary - Protocol, Ireland - Protocol, Luxembourg, Thailand - Final Protocol, Thailand - Exchange of Notes, United Kingdom - Protocol, Vietnam - Protocol

Hong Kong Company Compliance

The officers and shareholders of a Hong Kong Company are required to be recorded at Companies House and the annual return filed every year. Accounts are required to be prepared annually, audited and filed at Companies House.  A  Corporate Director is permitted to be a director of a Hong Kong company and a local Company secretary and Registered office must be maintained.  For most of our clients AMP & Partners Limited provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Hong Kong Company remain confidential. 

 

Hong Kong Company Formation

AMP & Partners Limited can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes 7 to 10 days.

Hong Kong Company Structure

Hong Kong company law is based on English Common Law. The Standard Authorised Capital for a Hong Kong Limited Company is HK 1,000. The Hong Kong Registry provides incorporation services under the Companies Ordinance. Memorandum and Articles of Association are filed with the Registry and an incorporation Certificate is issued.

Hong Kong Nominee Director, Shareholder and Secretary Services

AMP & Partners Limited provides fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Hong Kong Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.

Hong Kong Company names

There are restrictions in using names associated with the Government and the Peoples republic of China where special permission is needed. Companies may be formed with Chinese characters but not with a mixture of English and Chinese characters. Companies are Limited, Unlimited or Public Limited Companies and abbreviation of these terms are prohibited.
 

General Requirements

 

  • There should be at least one shareholder and director over 18 years old
  • There shall be at least one Hong Kong permanent resident or authorized Hong Kong company taking the position of legal secretary of the company.
  • The registered address is required to be in Hong Kong
  • Chinese and English names, or single Chinese or English name of the company
  • Copies of ID cards or passports of shareholders and directors