Register a company in Hong Kong is an excellent way for international entrepreneurs to take the opportunities offered by the vibrant Chinese economy. The following information will help you to determine why setting up your business in Hong Kong is an optimum strategy
Honk Kong Company, ideal for:
- Holding intellectual property rights
- Holding Assets
- Inheritance purpose
- Consultants / Counselors
- Trading with China
- IT company
Main characteristics of Hong Kong company:
|Company Type||Private Company limited by share.|
|Corporate legislation||The Hong Kong Company registry is the governing authority and companies are regulated under the Hong Kong Companies Ordinance 1984|
|Confidentiality||HK offers a high level of anonymity and privacy.|
|Information published relating to company officers||Upon registration of Hong Kong company, names of companies officers will appear in the public registry. Nominee officers can be used to avoid the client’s name to appear|
|Accounting requirement||Preparation of accounts required.Â Accounts are not publicly accessible.|
|Taxation||No taxes on foreign profits|
|Legislation||Modern offshore legislation|
|Standard Currency||HKD- Capital may be denominated in any currency|
|Financial||International Offshore Financial Center|
|Stability||Stable jurisdiction with very good reputation|
|Communication||Efficient communication means|
|Time zone||Convenient world time zoneÂ GMT+8|
|Paid up capital requirement||No paid up capital requirement when forming Hong Kong company.|
|Basis of legal System||Under Common Law|
|Minimum shareholders / directors||A minimum of 1 Director|
|Bearer shares||Bearer Shares are not permitted in Hong Kong companies.|
Double taxation avoidance treaties are in force between Hong Kong and the following countries:
Double taxation agreements between Hong Kong and the following countries have been signed but are awaiting ratification :
France, Czech Republic, Indonesia, Kuwait, Mainland China, Netherlands, New Zealand, Portugal, Spain, Switzerland.
Hong Kong also has signed double taxation agreements concerning aviation and shipping income with a number of countries (although some of these agreements have been superseded by recently-signed comprehensive double tax avoidance agreements).
Countries with which Hong Kong has signed these limited double tax agreements include:
Bangladesh, Belgium, Canada, Croatia, Denmark, Ethiopia, Finland, Germany, Iceland, Israel, Jordan, Kenya, Korea, Kuwait, China, Mauritius, Mexico, Netherlands, New Zealand, Norway, Russia, Singapore, Sri Lanka, Sweden, Switzerland, UK, USA.
The procedure to incorporate a company in Hong Kong includes:
To set up a company in Hong Kong, you will first accept our engagement fees and signs our standard client engagement letter.
You agree on the legal, tax and accounting implications involved to set up a company in Hong Kong.
You choose and accept the company name and the optimum corporate structure required to register a company in Hong Kong, including shareholders and directors.
Bethel Finance prepares incorporation documents for your signature and return to us.
Bethel FinanceÂ sends you a detailed engagement project plan, clearly outlining the steps required. This minimises unwanted surprises for our client.
Bethel FinanceÂ liaises with theÂ Hong Kong Registrar of CompaniesÂ to set up a company in Hong Kong with the correct corporate structure.
Having set up a company in Hong Kong for you, Bethel FinanceÂ provides you with a complete company kit includingÂ i)original Certificate of IncorporationÂ ii)Â a bound copy of a government-approved Memorandum & ArticlesÂ iii)Â original share certificatesiv)Â an extract from the Hong Kong Public Register illustrating company details available for public viewing andÂ v)Â an original government receipt as evidence of payment of annual license fees forÂ the Hong Kong company.
To form your Hong Kong company, just send us an email : email@example.com