Copyright © 2013 - 2018 Tai Pan Management Services Ltd., Company Service Provider Licence No. TC004077 , Registered in Hong Kong. No 1942748.
Would you like to incorporate a new
Hong Kong Company ?
Do you need banking facilities for a Hong Kong company?
Incorporating a company in Hong Kong is a simple, straightforward process. The first thing you will need to do is choose the name you'd like for your company. You must ensure that the proposed company name is not already in use by another company in Hong Kong.
In order to form a companyin Hong Kong we are required to hold on file:
1. Copy passport.
2. A proof of current residential address for each party to the company e.g. director, shareholder etc.
3. Our completed application form.
The minimum requirements for setting up a Hong Kong company are:
(click on each requirement for further details):
• One Director
• One Shareholder
Once your Hong Kong company is incorporated, we will apply for:
Any business that is done within Hong Kong will be subject to a flat-rate of just 16.5% tax (after deduction of business expenses).
In summary, Hong Kong incorporated companies that operate internationally can eliminate much (or all) of the usual tax burden.
Types of tax in Hong Kong
There are three types of tax that affect companies in Hong Kong; profit tax, salaries tax and property tax. Your Hong Kong Company will only be affected by Profit Tax (providing you don't purchase property or employ staff in Hong Kong).
The profits tax rate in Hong Kong is set at a flat rate of 16.5%. However, if your company does business offshore, your company will be able to apply to the Inland Revenue Department for an offshore income waiver. Once this is completed your tax rate will be 0%. Please note that an offshore income waiver is not automatic and must be applied for.
An annual return is usually made up on the 31st March unless your company specifically changes the date. For newly registered companies, your first annual return has a longer period (usually up to 18 months) before the first tax return needs to be submitted.
Your company's annual return must be filed with the Companies Registry every year. Also any special resolutions that may be passed or information that is changed that is in documents already filed, must also be notified to the Companies Registry.
Annual General Meeting (AGM)
Each year, your company must record minutes of its Annual General Meeting (AGM) at which the audited accounts are presented, along with the re-elections of the directors and shareholders and auditors are re-appointed.
Hong Kong is not generally considered an "offshore" jurisdiction; and therefore may trade without difficulty with the EU, USA, Australia, Canada etc. However, and due its territorial tax system, any company that earns its profit wholly outside Hong Kong (and does not have its management in HK) is able to apply for exemption from profit tax.