Company Formation in Hong Kong

Why company formation in Hong Kong?

Hong Kong is the most sought-after destination for business setup in Asia. It is popularly known as investors’ paradise. The World Bank’s Ease of Doing Business Index shows the consistent performance of Hong Kong and why it's considered the most liberal jurisdiction for company formation in Hong Kong. Its simple registration process attracts global investors. Enterslice can streamline your company incorporation process in this regard. We offer you access to our top-notch company formation in Hong Kong services and act as your one-stop solution for your business setup in Hong Kong. We guarantee you that by using our foreign business incorporation desk, you can thrive in a competitive space in the most efficient manner.

Facilitating Global Investors for Company Formation in Hong Kong

Cost Effective

Enterslice offers you cost-effective and efficient services for company registration in Hong Kong.

Effective Outcomes

We take care of your business setup in Hong Kong so that you can focus on your business growth.

We aim to deliver

We at Enterslice have a specialized team to offer you better ideas for business setup in Hong Kong and to boost your business growth.

Our Services for Company formation in Hong Kong

Pre- Registration

We shall advise on the strategies for your business setup in Hong Kong. We shall also offer you with tailor-made business recommendations.

Company Registration in Hong Kong

Our foreign business incorporation desk panel is well-versed in streamlining the process of company formation in Hong Kong. We will provide you with corporate bank account services, obtain licenses and work permits, and much more.

Compliance for Company Registration in Hong Kong

We shall offer you strong compliance support as per Hong Kong business regulations so that you can focus on your core business operations.

Business Expansion

We shall assist you in the business expansion after your company formation in Hong Kong. We will monitor your business targets and provide you with monthly and quarterly growth reports to expand your business setup in Hong Kong.

Business Structures for Company Formation in Hong Kong

Private Limited Company Formation in Hong Kong

A private company limited by shares in Hong Kong is suitable for small to medium-sized businesses. A private limited company is a separate legal entity and restricts the rights to transfer shares. For private limited company registration in Hong Kong, it is mandatory to have at least one director, and there is no legal restriction for the maximum number of directors. The registered office of Hong Kong Private Limited Company must be within the territory of Hong Kong. Additionally, there is a requirement for a company secretary must reside in Hong Kong. If a private limited company has one director, then that director cannot be the company secretary.

Public Limited Company Formation in Hong Kong

Company Registration in Hong Kong can be public or private or can be limited by guarantee or shares. A company that is neither private nor limited by guarantee is a public company under the rules of Hong Kong. A public limited company is limited by shares and should not have more than 50 shareholders. We offer assistance in the public limited company registration in Hong Kong. The public limited companies are registered on the Stock Exchange of Hong Kong and are subject to compliance on takeovers, mergers, and buyback shares.

Company Limited by Guarantee Formation in Hong Kong

Companies limited by guarantee formation are used by non-profit organizations. These companies are limited by guarantees instead of shares, i.e., the parties under guarantee companies are not shareholders but guarantee members. Instead of investing capital, these parties offer a guarantee to cover their liabilities.

Subsidiary Company Formation in Hong Kong

A subsidiary is a private limited company that functions as an asset of a foreign company. It operates a separate entity from its parent company and is, therefore, liable for its debts and liabilities.

Branch Office Company Formation in Hong Kong

A branch office in Hong Kong is considered to be an extension of the parent company. We will help you with the branch office company incorporation in Hong Kong, prepare Paper works, and complete the company registration in Hong Kong with the companies' registry

Representative Office Company Formation in Hong Kong

In Hong Kong, a representative office does not have an independent legal status. Thus, the foreign parent company shall be responsible for all the debts and liabilities of the representative office. The representative office in Hong Kong is not required to register with the Hong Kong registry, however, it is mandatory to obtain a certificate of business registration for representative office company registration in Hong Kong. A representative office cannot enter into contracts, negotiate on behalf of the parent company, etc.

Partnerships Company Formation in Hong Kong

Partnerships are formed by 2 or more persons who aim to do business together and share profits. All the partners of the partnership have equal rights. All the Partners are jointly and individually liable for all the debts and liabilities incurred. In case the number of partners in a partnership increases to more than 20, it can be registered as a company. The partnership ordinance governs two types of partnerships in Hong Kong. The two types of partnerships have been mentioned hereunder-

1. General Partnership

In these partnerships, each partner is responsible for the business's debts and liabilities.

2. Limited Partnership

Limited partnerships consist of both general and limited partners. General partners are involved in the decision-making process of business and are completely liable for debts incurred while the limited partners have limited liability for the debts incurred.

Our Process of Company Formation in Hong Kong

Choosing business Structure and reserving Company name

It's important to opt for a suitable business structure before company registration in Hong Kong. Our experts advise you to choose an appropriate business structure suited to your business needs to help with hassle-free company registration in Hong Kong. We shall also help you by searching and reserving your company name through the Hong Kong Registry office. The company name shall be reserved for 30 days.

necessary paperation for company formation in Hong Kong

Our incorporation experts will assist you in drafting all the Paper works required for company registration in Hong Kong. This includes your MoA and AoA, company name, company registered address, and description of business operation. We will draft your AoA as per your business structure and ensure all the necessary necessary papers for your company formation in Hong Kong such as proof of ID, passport, etc. We will also provide you with the registered secretary and registered address for your company registration in Hong Kong.

Open a Corporate banking account

Our experts will assist you in opening a corporate bank account after your company formation in Hong Kong. Our team has a well-established network with multiple banks and would help you find a suitable and reputable corporate bank for opening your bank account. This process takes 4-5 weeks.

Complying with Regulatory Norms

After your successful company formation in Hong Kong, our experts will help you comply with regulatory norms, like accounting, taxation, and licensing. Our proficient team of experienced accountants will manage your regulatory obligations so that you can focus on your company’s core operations.

Eligibility for Company Formation in Hong Kong

• Minimum of one shareholder
• At least one director who can be a natural person or a body corporate and may belong to any nationality
• At least one company secretary
• Local registered company address
• Presence of an auditor in the said company
• No minimum share capital

necessary papers for Company Formation in Hong Kong

• Company Name Reservation
• Notice to Business Registration Office
• Articles of Association
• Bank Account Copy
• Photo identity proof of office holders
• Personal Particulars of directors and shareholders- passport copy, residential proof
• Company Incorporation necessary papers

Ongoing Compliance for Company Formation in Hong Kong

Accounting and Payroll Outsourcing Services

Our experts will care of all your accounting and payroll compliances by providing you with timely guidance. We will help you to set up the mandatory provident fund and provide you advisory on contribution matters.

Employment Tax and Immigration Compliance Services

We will offer you advice on tax compliance matters and reporting obligations. We will also handle your work related to work permits and dependent visas.

Corporate Tax Compliance Services

We will provide you with remedial solutions to comply with the tax filing requirements and prepare a strategy to maintain records and Paper works for corporate tax compliance.

Company Secretarial Services

We will offer you company secretary services as per the Hong Kong companies' ordinance requirements to support your business.

Annual filing of return

We help you with the annual filing of returns along with the preparation of annual financial statements in accordance with the financial year.

Tax Rate after Company Formation in Hong Kong

• The corporate tax rate in Hong Kong is at 16.5%.
• No Value-Added Tax (VAT) or Sales Tax after company registration in Hong Kong
• No Capital Gain Tax after company registration in Hong Kong
• Dividends not subjected to withholding tax requirements
• Property tax rate chargeable at the rate of 15%

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Benefits of Company Formation in Hong Kong

The Special Administrative Region (SAR) of Hong Kong is the ideal location for company formation in Hong Kong. Hong Kong is one of those economies that offer fewer administrative restrictions, and an attractive tax regime for global investors. The following benefits of company formation in Hong Kong attract investors to this location-

Tax Regime

Hong Kong has a territorial tax regime. The profits earned from the business setup in Hong Kong shall be taxable at a provincial tax rate of 16.5%. However, the foreign source of income will not be taxable even if it is remitted to Hong Kong. There is no tax on sales, capital gain or withholding tax on dividends or interest.

Intellectual Property Regime

The SAR administration of Hong Kong offers lucrative policies for protection of the intellectual property rights. The Hong Kong intellectual property laws are designed to comply with the highest international norms and fair-trade practices.

Business Friendly Environment

The political stability of Hong Kong, the use of English as a business language, skilled and qualified labour pool make Hong Kong a business-friendly destination. The business-friendly immigration policy also helps in the recruitment of professionals from overseas.

Free Trade Policy

Hong Kong has a free trade policy. Hong Kong has several ports and easy customs procedures, which has helped in effective company formation in Hong Kong. Hong Kong has also signed 8 free trade agreements with that of China, New Zealand, Chile, Macao, Georgia, Australia, and South East Asian nations.

Challenges for Company Formation in Hong Kong

Failure to adhere to Hong Kong regulations while engaging in company registration might attract heavy penalties. Therefore, our business experts will streamline your challenges related to company formation in Hong Kong-

• Be aware of local regulations related to company formation in Hong Kong
• Comply with the Paper works process for opening a corporate banking account
• Staff hiring for daily operations
• Complying with regulatory norms
• Adhering to new taxation laws

Best Regions for Company Formation in Hong Kong

• Central District: Known as the financial hub of Hong Kong due to its strategic location.
• Kowloon East: It is an emerging business district and is suitable for tech companies and startups.
• Tsuen Wan: This is a manufacturing hub of Hong Kong due to its proximity to ports.
• Tsim Sha Tsui: An excellent place for tourism sectors.