Easily Form a Company in Hong Kong!
Hong Kong is an excellent place to establish a business. It has cutting-edge corporate infrastructure. A foreigner can be the sole director and shareholder of a company and own up to 100% of it.
Documents Required from Directors, Shareholders
- Pan Card Copy (Mandatory)
- ID Proof (Any one) – Driving License/ Voter ID/ Passport Copy/ Aadhaar Card
- Address Proof – Latest Bank Statement/ Latest Telephone or Mobile Bill/ Latest Electricity Bill.(MUST be less than 30 days old)
- Passport Size Photograph
Documents Required for Registered Office Address
- NOC – No Objection Certificate from the Owner of the Property
- Address Proof – Latest Telephone Bill or Mobile Bill/ Gas Bill/ Electricity Bill (MUST be less than 30 days old)
How To Incorporate A Company In Hong Kong
Incorporating a Company in Hong-Kong is quick, easy, and can be done online with Efinac in 3 simple steps:
Step 1
Step 2
Step 3
An Overview:
Hong Kong is one of the world's most lucrative markets. Companies based out of Hong Kong or incorporated there are doing exceptionally well. In Hong Kong, forming a company is simple and inexpensive. Without the presence of the owner or directors, a third party can easily apply for company registration in Hong Kong.
In Hong Kong, any adult above the age of 18 can establish a business. It takes roughly 5-7 working days to register a company online in Hong Kong.
What Types of Business Structures Can You Register In Hong Kong?
While there are many different types of businesses you can establish in Hong Kong, you must first decide on whether you want to operate your business operations from Hong Kong or from wherever you are. This choice will also benefit you in other areas, such as taxation. Below, we've broken down each business structure to help you decide which is best for you:
- Sole proprietorship
- Business partnership
- Private limited company by shares
- Public limited company by shares
- Company limited by guarantee
- Branch office
- Representative office.
Types Of Business Structures In Hong Kong
Sole Proprietorship
A sole proprietorship is a business with only one owner who is solely responsible for all earnings and losses.
Business Partnership
A minimum of two to a maximum of twenty partners join together to share profits. A general partnership is an arrangement in which participants are personally liable for profits and obligations. There is also the possibility of forming a limited partnership, in which limited partners are solely liable for their initial investment and general partners are liable for their entire investment.
Private Limited Company by Shares
A private limited company by shares is a separate legal entity from its owners/shareholders with a maximum of 50 shareholders. This is the most common structure chosen by entrepreneurs, since it allows them to take advantage of all of Hong Kong's tax perks.
Public Limited Company by Shares
Large companies that wish to be listed for raising capital should use this option. This company is normally listed on the SEHK and the public can subscribe to its shares if it has more than 50 shareholders.
Company Limited by Guarantee
This business structure is suitable for charity and non-profit organisations. Members in this structure are required to guarantee that if the company falls into liquidation, they will pay a previously agreed-upon amount as indicated in the company's article of association.
Branch Office
This is a branch of a foreign corporation that allows it to conduct business in Hong Kong and profit from it. In Hong Kong, it does not need to be a separate legal body.
Representative Office
An extension of a foreign company that is unable to engage in commercial activities for profit. It is appropriate for non-commercial operations like marketing and human resources.
Documents Required for Company Registration in Hong Kong
For forming a company in Hong Kong, you will require the following documents:
- A copy of the articles of association for the company
- A fully completed incorporation form that includes the following:
- Company name (3 proposed company names either in English or Chinese)
- Address of the company
- Description of business activities
- Particulars of shareholders, directors and company secretary
- Liability of members
- Share capital registered on incorporation
- Number of shares taken up by subscribers
- For non-resident shareholders and directors:
- Copy of passport, overseas residential address proof
- For resident shareholders and directors:
- Copy of Hong Kong identity card
- Copy of residential address proof
- For corporate shareholders and directors:
- Copy of parent company registration documents such as certificate of incorporation and articles of association.
Note: Any non-English documents must be translated into English or Chinese.
How Can Efinac Assist?
When forming a company in Hong Kong, it's important to choose the right business structure. Thousands of businesses like yours, have chosen Efinac to set up their business in Hong Kong and break into a new market, and our team up with the In Corp Group will give you the best company registration experience a foreign company could hope for in Hong Kong. With service standards that are client-centered, reliable, and ethical, we will always be here to guide and support you.
- Our goal is to remove the barriers to interacting with traditional financial institutions and government agencies, such as paperwork and bureaucracy.
- We believe in making things easier for small businesses so that they may focus on building their business rather than being overwhelmed by administrative responsibilities
- Our skilled partners manage everything for you in a timely and efficient manner.
FAQ
Yes, your company needs a registered address in Holland. You also have the option to establish a representative office or a branch of an international business.
The entity preferred by most foreign investors is the private limited company (BV). Other popular types are the foundation (Stichting) and the public company (NV). You can also register a collaborative entity, a solitary proprietorship or a partnership.
On average it will take 3 to 5 working days to start a business in the Netherlands.
A business can be started in four simple steps: 1) submission of the deed of incorporation; 2) submission of the association articles; 3) tax registration; 4) bank account opening.
For annual profit of up to € 200 000 companies are required to pay 20 percent corporate tax. Other taxes, for real estate or transfer in case of property purchase are also levied.
To review means to look back over something for evaluation or memory.
