Company Registration in Hong Kong
Hong Kong is one of the leading financial centers in Asia, attracting entrepreneurs and investors from all over the world due to its favorable business environment, liberal economic policy and strategic location. Hong Kong is not included in the Russian lists of unfriendly foreign states and territories, which allows creating and conducting business with Russian participation and not fearing restrictions from Russia.
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Why register a company in Hong Kong?
“In terms of corporate law and international taxation, Hong Kong remains one of the most stable and predictable jurisdictions for doing business. Its legal system, based on English common law, provides a high level of protection for investors and corporate interests, and guarantees transparency of transactions and predictability of court decisions." Anastasia Romanovskaya. Head of International Commercial Practice права
Strategic location
Hong Kong is located at the center of the Asia-Pacific region, providing ideal conditions for international trade and investment.
Liberal economic policy
A free economy with minimal government intervention and a favorable business environment makes Hong Kong one of the best places to start and scale a business.
Low taxes
Hong Kong offers some of the lowest tax rates among developed economies, allowing companies to retain and reinvest capital.
International prestige
With high international recognition from reputable ratings and leading economic organizations, Hong Kong remains one of the world's key financial centers.
Who is Hong Kong suitable for?
Holding companies
Hong Kong has recently become a popular choice for parent company registration due to its predictable and stable legal system and favorable tax policy.
Companies engaged in international trade
Hong Kong's proximity to mainland China, developed logistics infrastructure, and tax advantages make Hong Kong an international trade hub.
International IT / Digital Business
A fast registration process, English law, and a comfortable budget for setting up and running a business make Hong Kong one of the priority jurisdictions for digital business.
Who is Hong Kong suitable for?
Unlike Singapore, which is heavily regulated, and mainland China, where administrative barriers can be a major obstacle to overseas business, Hong Kong offers a unique combination of flexibility, transparency and legal stability. Hong Kong is a harmonious blend of Eastern and Western business practices.
What you need to know about Hong Kong?
Corporate structure
To register a company you need:
- at least 1 shareholder and director,
- Corporate Secretary - Hong Kong Resident,
- legal address.
The register of shareholders is open.
Minimum authorized capital
There is no requirement for a minimum authorized capital. However, it must be correctly reflected in the accounting and paid.
Reporting and auditing
It is mandatory to keep accounting records, submit reports and conduct their audit.
Territorial taxation system
Income from foreign sources is not subject to income tax.
VAT
Absent
Income tax
Two rate tiers. The first HKD2 million (USD255,000) of profits are taxed at 8.25%. All others are taxed at 16.5%.
Double Taxation Agreement with Russia
There is an agreement between Hong Kong and the Russian Federation on avoidance of double taxation. When a Russian company distributes dividends, 5% (instead of 15%) will be withheld in Russia.
“Unlike many offshore zones, Hong Kong is not a black mark for international regulators, as its tax system is completely transparent, but at the same time beneficial for companies. It operates on a territorial principle of taxation, according to which income received outside Hong Kong is not taxed. This makes it an ideal choice for international business, holding structures and companies working with clients around the world." Roman Motorin, Senior юрист
Company Registration Process
Starting a business in Hong Kong is a multi-step process that requires understanding local laws and interacting with multiple government agencies. We handle all the key steps so you can focus on growing your business.
The company registration period is from 2 weeks to 1 month. The exact time depends on the composition of shareholders, the speed of preparation and signing of documents.
Stage 1
Leave a request for a consultation
We will analyze your business model and goals, and select the most suitable legal form. The most popular form is a Private Limited Company (LLC), but other options are also available in Hong Kong, such as:
- Public Listed Company – a joint-stock company whose shares can be listed on the stock exchange.
- Company Limited by Guarantee – the part is used for non-profit organizations where the liability of the participants is limited to an agreed amount (not popular in the region).
- Branch Office – a representative office of a foreign company that can conduct commercial activities, but remains a legal part of the parent company.
- Representative Office – an office intended for marketing and research, but without the right to conduct commercial activities.
Stage 2
Reserve a company name
We will help you choose a company name and reserve it in the Companies Registry.
Stage 3
Preparation of documents
We will help you collect the necessary package of documents to submit an application for company registration.
We will develop the company's charter and other constituent documents required for registration, and also arrange for their notarization.
Stage 4
Registration of a company in the Companies Registry
Our lawyers will apply for company registration and obtain a Certificate of Incorporation (CI) and Business Registration Certificate (BRC).
At this stage, the legal entity is considered registered.
Stage 5
Registration with tax authorities and connection to electronic systems
We will register your company with the Inland Revenue Department (IRD) and assist with tax accounting setup, including registration for income tax and, if necessary, goods and services tax (GST/VAT).
Stage 6
Opening a bank account
We will develop an account opening strategy and help you collect documents for your application. We will also create or adapt a business plan in accordance with the bank's recommendations to ensure successful completion of all stages of the application review and account opening.
Stage 7
Registration of work visas
If necessary, we will help to obtain an Investment Visa for the company owner or an Employment Visa for employees, including support at all stages of submitting documents to the Immigration Department.
Anything else?
If necessary, our team will help with licenses for individual industries, selection of office premises, execution of contracts and legal support for business in Hong Kong.
Post-registration support
We will be happy to assist the company in further work, for example, with the fulfillment of annual reporting requirements, registration in government portals, filing tax returns and accounting.
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Why do more than 100 clients contact us every year?
Full support
From collecting documents and visiting government agencies to obtaining a resident visa for founders and employees
Exactly according to the client's task
We open a company in a suitable jurisdiction and with the required form of registration, minimizing risks
We continue to help businesses
We not only open a company, but also provide expert legal, tax and accounting support for business
Team of experts
The team consists of 150+ experts who have successfully implemented more than 1000 projects in the UAE, USA, EU, Asia, other countries and regions.
Our other services in UAE
Opening a Corporate Bank Account in Hong Kong
Opening a Corporate Bank Account in Hong Kong
Visa Application for a Company Manager in Hong Kong
Visa Application for a Company Manager in Hong Kong
About Versus
Versus is a leading consulting group providing legal and accounting services in key foreign markets.
Over the years of working in the UAE and other MENA countries, we have acquired a deep knowledge of local legislation, which, combined with knowledge of international standards, allows us to offer solutions tailored to the unique needs of each client.
20+
Experts in offices in Dubai and Abu Dhabi
250+
Successfully completed projects on the law of the UAE and other countries of the MENA region
