Establishing a Hong Kong business is an exciting way to enter the Chinese and Asian Pacific markets. MarbleConsultants are experts in supporting clients to grow their businesses in Hong Kong. We lead clients through the set up process and provide support services to meet regulatory requirements.
We can make your aspirations a reality without the need to relocate or create an additional physical base.
Private Limited Liability companies are the most popular choice for operating in Hong Kong. Their independent legal status and limited liability gives advantages over sole proprietor and partnership organizations. Shareholders’ liability is limited for the organization’s debts and losses. Companies can sue or be sued in their own name.
Hong Kong has no Goods and Services Tax (GST) or VAT (Value Added Tax). Hong Kong Limited Companies are subject to Profit Tax at a rate of 16.5% Usually asset growth and income generated outside Hong Kong are not subject to Hong Kong taxes. The Personal Income Tax rate is 2% to 17% dependent on salary.
Rules for setting up a Hong Kong Limited Company include
MarbleConsultants can help clients meet the legal requirement of appointing a Hong Kong based Company Secretary by providing a nominee Company Secretary.
Our company can also provide a physical Hong Kong address so that your company meets the registration requirements.
Companies can be incorporated in Hong Kong for a minimum of HK$ 1.00 issued/paid up capital. There is no statutory requirement regarding registered capital size. The usual minimum registered capital is HK$ 10,000. The Chinese government has specific regional requirements regarding registered capital for clients intending to invest there.
Shareholders, Directors, Board Chairman and division of shares between shareholders should be decided before beginning the registration process.
All shareholders must be at least 18 years old and can be of any nationality. They do not have to reside in Hong Kong.
MarbleConsults can support you through the two-stage incorporation process. The first is Approval of Company Name. The second is an Application for Company Registration with the Companies Registrar.
Company names can be English or Chinese. An English and Chinese name can be registered for the same company. A name must not combine English words and Chinese characters. Names in English must end with ‘Limited’; those in Chinese with ‘有限公司’.
The following restrictions apply when choosing a company name
The Company Names Guidelines provides free information on choosing a name.
There are many advantages to establishing a limited company in Hong Kong, Asia’s leading business centre. Hong Kong benefits from:
MarbleConsultants work with clients to take advantage of the great business environment that Hong Kong offers helping them establish their business in an effective, efficient way.
There are many potential benefits from choosing offshore accounts. These include
MarbleConsultants are experts in advising clients on offshore banking to suit their business needs.