Hong Kong Company Incorporation Processby Sumeet Grover Overseas Company Formation
Hong Kong has been a leading international business and finance center in the world. It is a well-developed infrastructure equipped with a stable political environment, highly educated working professionals, an ever-growing capital market, and an attractive tax regime. Hong Kong not only provides a supreme location for firms and entrepreneurs to participate in the Asian economies. We offer comprehensive information and accurate solutions on taxation, immigration, Hong Kong Company registration, and ongoing compliance matters for startups companies.
Basic Facts and Requirements for Hong Kong Company Formation
Company name: The company name must be approved before you can proceed for company formation in Hong Kong.
Directors: A minimum of one individual director and an unlimited number of directors are allowed. The Directors Board meetings can be held anywhere in the world and directors must be at least 18 years of age and must not be bankrupt.
Shareholders: The shareholder must be at least 18 years of age and can be a person or a company belongs to any nationality. Shareholders meetings can be held anywhere in the world but the appointment of nominee shareholders are permitted.
Share Capital: The general norm for company formation in Hong Kong has at least one shareholder with one ordinary share issued on their formation. Shares can be freely transferred and subject to a stamp duty fee but bearer shares are not allowed.
Taxation: There is no GST/VAT, capital gains tax, withholding tax on dividends in Hong Kong. Corporate tax is set at 15.5% of assessable profits for company formation in Hong Kong.
CompanySecretary: The secretary must reside in Hong Kong and appointing a company secretary is mandatory. The company secretary is responsible for maintaining the records and statutory books of the company and must make sure the company’s compliance with all requirements.
Foreigner’s consideration in Hong Kong Company Formation
Foreigners, who want to register an offshore limited company in Hong Kong, must consider the following points:
· Foreigners are free to be the shareholders of a Hong Kong company.
· There is no requirement to be physically present at the time registration of the company. The physical presence may be required for the purpose of opening a bank account, depending on the bank chosen.
· Foreigners, who do not have a plan to relocate to Hong Kong are free to operate the Hong Kong offshore company from overseas.
How to Form a Company in Hong Kong?
The procedure of setting up a Hong Kong company is straight forward and easy. Hong Kong is one of the freest economies in the world which is the ease of running a business. Set up a Company to run your business in Hong Kong is very easy and fast. We are here to make your work so much easier. You are only required to have a 12,000 Hong Kong Dollar to register a company in Hong Kong. You are afforded the opportunity of running your business from anywhere in the world when you own a Hong Kong company. If you are not live in Hong Kong, we can take care of everything when you reach us by calling on our mentioned phone number.
Created on Sep 23rd 2019 07:23. Viewed 80 times.