Company registration in Hong Kong

Prerequisites for Company Incorporation in Hong Kong

Director

Diverse options await! Regardless of your nationality, you can become a director. The only prerequisites are that you must be at least 18 years old and not hail from a country under sanctions. Remember, even a single director is sufficient to commence!

Shareholder

As a shareholder, witness the world evolving around you! Similar to directors, you can become a shareholder irrespective of your country of origin, except for those under sanctions. Begin this journey once you reach 18.

Address

Envision your enterprise at the epicenter of Asia! Your address is more than just a location; it represents your company’s identity. Establish it in one of Hong Kong’s regions to broadcast your robust presence.

Name

Your company’s name is its identity. Ensure it’s distinctive and conclude it with “Ltd” or “Limited” to protect your enterprise’s professionalism.

Share Capital

Initiate your investment with as little as HK$1. You read that correctly — commence your venture with a modest seed!

Local Account

Experience banking on your terms! There’s no mandatory requirement to establish a local account. The choice is yours!

Enrollment Agent

Sleep easy knowing a local secretary, mandated by Hong Kong law, has your back.

Reporting

Uphold your esteemed reputation and your partners’ trust. Rely on our team to assist in drafting and submitting your audited reports punctually.

Taxation System in Hong Kong

Territorial Taxation

Hong Kong offers a distinct advantage with its territorial tax system. You’re only taxed on income generated within its boundaries, eliminating the intricacies of global taxation.

Income Tax

The standard rate stands at a mere 16.5%. But there’s even better news! For income up to HKD 2,000,000 (approximately USD 250,000), you’ll benefit from a halved rate of 8.25%. It’s an ideal provision for emerging startups and budding enterprises.

Financial Reporting in Hong Kong

Audited Accounts

Every company in Hong Kong must adhere to the mandate of preparing audited financial statements. However, if your company is dormant or newly incorporated without having initiated operations, you can simplify your documentation process.

Dormant Companies

If your company falls into this category, you can breathe easier. Simply file your tax returns to maintain compliance and you’re all set.

Reporting Frequency

Your inaugural financial period begins at the point of company registration and can extend for up to 18 months. The best part? You have the autonomy to determine its duration! Subsequent reporting periods? Precisely 12 months each! Many business professionals prefer to register a company in Hong Kong due to its advantageous tax system and strategic location. With Lawtter Solutions at the helm, your Hong Kong company’s reporting becomes a hassle-free affair. Entrust the intricacies to us and channel your energies toward your business’s growth.