Company Set Up Hong Kong
Setting up a company in Hong Kong is a relatively straightforward process, and can be done either online or in person. The main requirements are:
A minimum of one director and one shareholder, who can be the same person.
A local registered address in Hong Kong.
A local company secretary, who can be a Hong Kong resident (above 18 years old) or a Hong Kong-registered company.
A company name that is not already in use.
A share capital of at least HKD 1.
The following are the steps involved in setting up a company in Hong Kong:
Choose a company name and check its availability.
Prepare the incorporation documents. This includes the Memorandum of Association, Articles of Association, and a Specimen Shareholder's Agreement.
Appoint a company secretary.
Choose a registered address.
Pay the incorporation fees.
Submit the incorporation documents to the Companies Registry.
The Companies Registry will then process your application and issue a Certificate of Incorporation. You will also need to apply for a Business Registration Certificate from the Inland Revenue Department.
Here are some additional things to keep in mind when setting up a company in Hong Kong:
You will need to open a bank account for your company.
You may need to obtain other permits or licences, depending on the nature of your business.
You will need to file annual returns with the Companies Registry.
The cost of setting up a company in Hong Kong will vary depending on the type of company you choose and the services you use. However, it is generally a relatively affordable process.
If you are not familiar with the process of setting up a company in Hong Kong, you may want to consider hiring a professional service provider to help you. They can help you with all the necessary paperwork and ensure that your company is set up correctly.
Why Company Set Up in Hong Kong
There are many reasons why businesses set up in Hong Kong. Here are some of the most common reasons:
Strategic location: Hong Kong is a major financial and trading hub in Asia. It is also a gateway to the mainland Chinese market. This makes it an ideal location for businesses that want to expand into Asia or do business with China.
Favorable tax regime: Hong Kong has a low corporate tax rate of 16.5%. There are also no capital gains tax or withholding tax on dividends. This makes Hong Kong an attractive place to set up a business for tax purposes.
Easy to do business: Hong Kong has a simple and efficient business registration process. The government is also generally supportive of businesses. This makes it easy to set up and operate a business in Hong Kong.
Highly skilled workforce: Hong Kong has a highly educated and skilled workforce. This makes it easy to find the talent you need to run your business.
Pro-business environment: Hong Kong has a pro-business environment. The government is committed to creating a favorable environment for businesses to operate. This includes providing a stable legal system and a fair tax system.
If you are considering setting up a company in Hong Kong, these are some of the factors you should consider.
Here are some additional benefits of setting up a company in Hong Kong:
Access to a large and growing market: Hong Kong is a gateway to the mainland Chinese market, which is the world's largest consumer market. This gives businesses access to a large and growing market.
Free trade agreements: Hong Kong has free trade agreements with over 60 countries, which gives businesses access to a wider market.
Internationally recognized legal system: Hong Kong has a common law legal system that is based on English law. This makes it easy for businesses from other countries to operate in Hong Kong.
High quality of life: Hong Kong has a high quality of life, with good infrastructure, healthcare, and education. This makes it a good place to live and work for expats.
If you are considering expanding your business into Asia, setting up a company in Hong Kong is a good option to consider. Hong Kong has many advantages that can make it an attractive place to do business.
Reputable Professional Service Provider in Hong Kong
Bestar is a reputable professional service provider in Hong Kong for setting up a company. We have been in business for years and have helped thousands of businesses get started in Hong Kong. Bestar offers a wide range of services, including company registration, corporate secretarial services, accounting, and tax advice. We can help you set up your company quickly and easily, and ensure that it is compliant with all applicable laws and regulations.
Here are some of the things that make Bestar a reputable professional service provider:
We have a team of experienced professionals who are experts in setting up companies in Hong Kong.
We offer a wide range of services, so you can get everything you need from one place.
We are committed to providing high-quality services at competitive prices.
We have a good reputation and are well-respected in the industry.
If you are looking for a reputable professional service provider to help you set up a company in Hong Kong, Bestar is a good option to consider.
Here are some other things to consider when choosing a professional service provider to help you set up a company in Hong Kong:
The cost of the services
The experience and expertise of the professionals
The range of services offered
The reputation of the company
The customer service
It is important to compare different providers before making a decision. You should also get quotes from several providers before choosing one.
Contact us today!