COMPANY FORMATION & COMPANY REGISTRATION SERVICES IN HONG KONG
Set up and incorporate your company in Hong Kong successfully
BoardRoom is ready to take your business off the ground. Our team of experts leverages their knowledge and know-how of the business landscape to guide you through every phase of setting up a company and getting you off to a good start. With the help of our company incorporation experts and dedicated services, we ensure that the setting up of your business in Hong Kong is as smooth as possible and remains compliant with the legal and regulatory requirements.
Why Choose BoardRoom?
Because we help take your business further, faster, at all stages
Beyond Hong Kong, BoardRoom is Asia-Pacific’s leading provider of Corporate and Advisory Services, which include Company Formation Services, Employee Stock Options Plan Services, Regional Payroll Services, Corporate Secretarial Services, Share Registry Services, Accounting and Taxation Services, Payroll Outsourcing, and Human Resource Outsourcing.
For over 50 years, we have supported companies in navigating through complex operational and regulatory policies and cultural sensibilities. We are well-positioned in Asia-Pacific with offices in Singapore, Australia, China Mainland, China Hong Kong, and Malaysia, as well as an extensive partner network throughout Asia.
BoardRoom is the partner of choice for many Fortune 500 multinational companies, public listed and privately owned enterprises.
Frequently Asked Questions (FAQs)
1. How to set up or incorporate a company in Hong Kong?
There are four key steps to successfully setting up a company in Hong Kong. The registration process begins with selecting the type of company you will be operating and whether company is limited by shares or limited by guarantee. You will need to choose a company name and ensure it is not already registered on the Registrar of Companies and does not infringe on the intellectual property rights of a third party.
The second step of the company set-up procedure in Hong Kong is delivering your application after filling out three important documents – the Incorporation Form, a copy of the company’s articles of association and a notice to the Business Registration Office.
Once your application is approved, the third step will be the issuance of the Certificate of Incorporation and Business Registration Certificate.
The final step of the Hong Kong incorporation process is obtaining any other permits and/or licenses your company may require. Find out more about this and the previous steps here.
BoardRoom can provide all the assistance needed to help you set up your company in Hong Kong. For more information, you can get in touch with us.
2. What is required for company registration?
Registering a company in Hong Kong can be a simple and straightforward process, but will depend on your company’s specifics, structure, and intention.
Here are the major steps you should follow:
- Choose the company name and type, including the legal structure, share structure, and more.
- Appoint director(s), a company secretary, and other key personnel
- Get a registered office address
- Open a company bank account
- Deliver your application, including the incorporation form, a copy of the company’s articles of association, and a notice to the Business Registration Office
- Collect all the necessary company certificates
- Obtain the necessary business permits and licenses
- Organise company insurance and the employee MPF scheme
- Create a company constitution
3. How much does it cost to register a company in Hong Kong?
The cost of registering a company in Hong Kong can differ depending on the type of business registration and corporate secretarial services required. Mandatory fees include The Hong Kong Government incorporation fee of HK$1,545, if filled out online, or HK$ 1,720 if in hard copy respectively. For a business registration certificate, businesses are required to pay HK$250 for a 1-year certificate validity, or HK$3,950 for a 3-year certificate validity.
There may be other professional services fees to consider if you are engaging a corporate services provider. This may include company secretary service, application of relocation visas or applying for business licenses and more. Please contact BoardRoom’s incorporation experts for more information on the cost of registering and setting up a company in Hong Kong.
4. Why do people set up companies in Hong Kong?
Companies that set up their base of operations in Hong Kong enjoy a plethora of benefits starting with the fact that the city is renowned for being one of the world’s biggest business and finance hubs.
Hong Kong is also widely known for being the gateway to China. Businesses have a direct link to suppliers, customers and potential business partners right on their doorstep. Many companies that complete their registration in Hong Kong use it as a launching pad to expand their operations and tap into the lucrative China and APAC markets.
Some foreign businesses and entrepreneurs have also entered the Hong Kong market looking to establish a foothold in Asia since the city has no restrictions on foreign ownership of firms. This means overseas business owners can have 100% ownership of a company set up in Hong Kong, which is unlike many of the other globally recognised financial cities.
Another incentive that lures many people to setting up a company in Hong Kong is the corporate tax structure. As it stands, businesses with profits under HKD 2 million are taxed 8.25% and those whose profits surpass that are taxed 16.5%, which is the maximum percentage.
5. How long does it take to set up a company in Hong Kong?
Setting up a company in Hong Kong takes approximately 3 – 5 working days. While this is the standard timeframe, it may vary from case to case, depending on whether any issues arise during the application process. To avoid hurdles during the company registration procedure in Hong Kong, BoardRoom provides advisory assistance to help your business abide by the legal rules and regulations. In addition to Hong Kong, BoardRoom also provides company set-up and incorporation services in Singapore and Malaysia.
6. Can foreigners start a business in Hong Kong?
Foreigners are more than welcome to start a business in Hong Kong. You can be the sole director and shareholder of a company in Hong Kong even if you are not a local resident, as there are no local resident requirements. Hong Kong also makes it easy for foreigners to start and operate an offshore business in Hong Kong from abroad. BoardRoom offers professional assistance with company formation, corporate secretarial services, and more to make this a smoother journey.
7. Why should you choose BoardRoom as your preferred incorporation service provider?
BoardRoom provides a wide range of services to help you set up a company in Hong Kong. This includes advice and assistance with the company setup procedures and navigating the complex processes associated with incorporating a business in Hong Kong.
BoardRoom’s proven track record encompasses the registration of private, public and guarantee firms across all industries. Whether it’s partnerships, limited liability partnerships, limited partnerships or sole proprietors, BoardRoom offers professional assistance to make the incorporation process as smooth as possible.
Beyond setting up a company in Hong Kong, BoardRoom also provides advisory services on the appropriate business structure your company requires upon being incorporated in Hong Kong. Contact us to learn more.