Hong Kong is a city that integrates opportunities, creativity, and enterprising spirit, and has been rated as the "freest economy in the world" by the Heritage Foundation of the United States for 24 consecutive years. As an international financial center, Hong Kong's well-established legal system, simple tax system, low tax rates, complete infrastructure and communication facilities, and high-quality professional talents are favored by investors around the world. Hong Kong harbors unlimited business opportunities and is a platform for global economic and trade. Hong Kong's advantages are well-known, and tens of thousands of international enterprises benefit from setting up companies in Hong Kong.

Advantages of registering a Hong Kong company

Having a sound legal system

Utilizing Hong Kong's popularity makes it easy to obtain international credit

As an international financial center, it has diversified financing channels

No foreign exchange controls, free entry and exit of funds, various foreign currencies can be exchanged and transferred at any time, and the letter of credit business is convenient and fast

Unrestricted business scope and simple follow-up services

The tax system is simple and the tax rate is low (only involving profit tax, the standard profit tax rate is 16.5%, and the first 2 million Hong Kong dollars of profit enjoy an 8.25% tax rate discount)

You only need to declare profit tax once a year

Hong Kong Company Registration Conditions

At least one shareholder and director who is over 18 years old

One statutory secretary (appointed by Hong Kong permanent residents or Hong Kong companies)

A registered address in Hong Kong

Registration method and required time

Choosing the electronic "registration easy" method for registration takes 1 working day

Registering a brand new Hong Kong Limited takes approximately 5-6 working days (after receiving all necessary documents and passing due diligence)

It takes about 2 working days to purchase a ready-made Hong Kong company (i.e. a shell company) (after receiving all the necessary documents and passing the due diligence review)

Required information

Company name in both Chinese and English, or a single Chinese or English name

Copy of shareholder or director's ID card or passport

Registered address of the company (provided by Rengang Yongsheng)

The difference between Hong Kong companies and Chinese companies

Registration elements Hong Kong China

corporate name

Naming is relatively free and not limited by the size of the company

As long as the name does not mislead others, is similar to government agencies, or has the same name as others, it can be added with the name of the country or region, and some words such as international, group, etc. can also be used

The name must be a combination of region, brand name, industry, and limited company, and the brand name cannot be the same as others

If you need to use terms such as industrial, group, international, etc., it is limited by the size of the company

Names with words such as "China", "China", "Central", "National", "National", etc. must be approved by the State Council.

Starting from March 3, 2014, the face value of shares will be abolished and a non face value system will be adopted, giving the company greater flexibility in its share capital structure. Each company will be established based on the number of shares issued. Starting from July 1, 2024, the registered capital of Chinese companies must be fully paid within five years from the date of establishment

There are basically no restrictions on the scope of business. Enterprises can indicate their business scope on the business registration certificate as needed (generally not recommended), with a maximum word count of 30 Chinese characters and 60 English letters. Generally, companies can operate multiple industries simultaneously, and some industries may have special restrictions; The business scope of the enterprise must be expressed in a standardized manner according to requirements, but there is no word limit

Operating address does not require mandatory leasing of office address. It is allowed to be attached to other office buildings (but must be a business address in Hong Kong), and actual leasing of office buildings is required. However, in some cities, it is allowed to be attached to other office buildings, such as Shenzhen, Guangzhou, etc

Foreign exchange control: Free entry and exit of foreign exchange (limited to banks opened in Hong Kong) is subject to control. Enterprises must have the right to import and export, and their goods must be declared or taxed by customs before they can receive and receive foreign exchange

The tax rate is low, and general companies only involve profit tax (i.e. domestic corporate income tax). The tax rate for the first 2 million Hong Kong dollars in profits is only 8.25%, with many tax types, high tax rates, and complex tax types, including value-added tax, corporate income tax, etc. The corporate income tax rate for Chinese companies is 25%

Tax declaration only needs to be made once a year. The accounting period for the first tax declaration of a newly established company can last up to 18 months. Enterprises can declare taxes on a monthly and quarterly basis according to tax types, and they also need to settle and pay taxes at the end of the year

The annual inspection will be conducted the following year after the establishment of the company. Starting from March 1, 2014, the original company annual inspection system will be abolished and replaced by the enterprise annual report disclosure system. Annual reports will be submitted from January to June each year