Company Registration Hong Kong

Company Registration Hong Kong | Tax Free But Not Offshore

Company registration Hong Kong: Tax free, can be confidential, nominees, advantages, KYC, bank account

Company registration Hong Kong: Hong Kong is a well known international financial center. English and Chinese are the official languages and incorporation documents may be in either language or both.

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Company registration Hong Kong: Get a free quote now by filling in the box on the right and discover a way to have a tax free company

Company registration Hong Kong: There is no offshore legislation

All companies are incorporated under the same legislation, whether they are doing business locally or offshore.

What makes Hong Kong companies similar to offshore companies, such as those incorporated in the British Virgin Islands is the tax-free status of such companies.

If a Hong Kong company does no business in Hong Kong and derives no income from Hong Kong sources, then it is not taxable in Hong Kong.

So, as long as a Hong Kong company does business only outside Hong Kong it is in effect a zero tax company. Sometimes it is used instead of offshore companies.

Company registration Hong Kong: Get a free quote now by filling in the box on the right and discover a way to have a tax free company 

Company registration Hong Kong: Confidentiality

There are no confidentiality laws for Hong Kong companies. The names of shareholders and directors are part of the public domain.

But there are no tax information agreements with the UK or EU. Discussions are ongoing with the US. However, Hong Kong being a part of China it is felt that information exchange with the West will be difficult at best.

Usually, confidentiality is maintained by the following methods:

  • The identity of the beneficial owner is not required for public records
  • An actual office is not required to be opened in Hong Kong; a virtual office is acceptable but must be opened with a local company incorporation agent

A Hong Kong company is allowed to recruit staff for their Hong Kong office as a cost center and pay no taxes if a company does no business in Hong Kong.

It is not required to file any audited financial statement. It is only required to file a Declaration of no business in Hong Kong.

Company Registration Hong Kong | Tax Free But Not Offshore

Varal Team Member

Company registration Hong Kong: Get a free quote now by filling in the box on the right and discover a way to have a tax free company 

Company registration Hong Kong: Advantages

  • The legal system is based on British common law
  • Zero taxes if no business in Hong Kong
  • Beneficiary owner’s identity can be hidden from a public company by using nominee services
  • No restriction on transferring funds to any part of the world
  • The convenience of an international banking system

The Hong Kong company will be a private limited company.

It is allowed to engage in any lawful business except banking, insurance, and financial activities e.g. currency trading.

Hong Kong law requires that you have a registered office in Hong Kong.

Company registration Hong Kong: Get a free quote now by filling in the box on the right and discover a way to have a tax free company 

Company registration Hong Kong: Know Your Client (KYC) documents

  • Name of the company (3 names of your choice)
  • Passport copy of all shareholders and directors
  • Utility bill, not more than 2 months old

Company registration Hong Kong: Requirements

  • Minimum 1 shareholder and director
  • Directors and shareholder can be the same person
  • No nationality restrictions for shareholders and directors
  • Minimum subscribed share capital can be HK$ 1
  • Registered address in Hong Kong
  • One company secretary who should be a Hong Kong resident
  • Company names can be in English or in Chinese or English plus Chinese name
  • Corporate shareholder and directors are allowed
  • Must have a registered office in Hong Kong

Company registration Hong Kong: Get a free quote now by filling in the box on the right and discover a way to have a tax free company 

Company registration Hong Kong: Documents you receive

  • Minutes of the Board of Directors meeting approving the issuance of shares or any directorship in the company. As also the appointment of authorized signatories

Company registration Hong Kong: Bank account requirements

  • An individual of any nationality
  • Hong Kong registered company documents
  • The clients’ presence is necessary
  • All Directors and shareholders holding more than 10% of the company shares are required to visit a Hong Kong bank branch and provide certified passport copy and a proof of address
  • Minimum time of 1 month is required
Company Registration Hong Kong | Tax Free But Not Offshore

Varal Team Member

Company registration Hong Kong: Get a free quote now by filling in the box on the right and discover a way to have a tax free company 

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Company Registration Hong Kong was last modified: June 8th, 2019 by Manu Raj

Manu Raj

Has a positive attitude towards the job, is friendly and a team player.

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