About Hong Kong
Despite Hong Kong being a special administrative region of China, it maintains a high level of autonomy and is one of the world’s economic and commercial hubs. Its classification and jurisdiction allow for excellent trade and export opportunities from China, with English being the main language of business and finance.
For digital nomads and other floating entrepreneurs, companies in Hong Kong can be set up and run internationally, and at very low cost. For FinTech companies, banking can be established with an Electronic Money Institution rather than with a traditional bank account, which is difficult to acquire as a non-resident offshore company.
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Capital City
Hong Kong
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Population
7.41 million
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Land Area
2,755 km²
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Currency
Hong Kong dollar
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Economic Activities
Established financial market
exports and imports, logistics infrastructure system, busiest airport for international cargo
Benefits of Hong Kong
Hong Kong’s jurisdictional benefits and its reputation as a global financial hub make it the location of choice for many businessmen globally.
First and foremost, Hong Kong is the ideal location for companies trading with China, both in terms of tax optimisation and corporate image with Chinese suppliers. The infrastructure is also superb, both in terms of banking and communications. In addition, while Hong Kong’s status as onshore jurisdictionally, means that tax returns and audits are mandatory, it also means that companies have access to a vast network of Double Taxation Treaties and are more likely to be viewed as legitimate.
For income outside Hong Kong, there is no tax, with an annual fee of $350 being payable instead. There is no CGT, no withholding tax on dividends, interest or royalties, and no net worth tax. There is also the possibility of accessing tax credits for any foreign tax paid within Hong Kong.
Most companies established in Hong Kong do so as Private Companies limited by the shares, for the purposes of limiting shareholder liability to capital originally invested. There are no restrictions on foreign shareholders, with no minimum share capital requirements and one shareholder required to form a limited liability company.
- TRADE WITH CHINA
- Administrative links with China provide beneficial trade opportunities .
- DOUBLE TAXATION TREATIES
- Companies are legally onshore and will benefit from excellent associated reputations.
- NO INCOME TAX
- 0% on income from outside Hong Kong .
- NO WITHHOLDING TAX
- No withholding tax on dividends or Capital Gains Tax.
- LIMITED LIABILITY
- Register your company as a Private Company limited by shares.
- NO RESTRICTIONS
- No minimum share capital or foreign restrictions.
FREE E-BOOK: INCORPORATE BUSINESS IN HONG KONG
Learn more about company formation in Hong Kong.
Our services in Hong Kong
We have a vast amount of experience in providing services to clients looking to incorporate in Hong Kong, with over 7 years of dealing with international use for companies as well as the nuances of the local environment.
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LIMITED COMPANIES
We incorporate companies in Hong Kong as Private Companies limited by shares. There is no restriction on shareholder nationality, and 0% tax on income gained outside Hong Kong.
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ACCOUNTING & AUDITING
We offer annual accounting and auditing services for companies we have assisted with incorporation in Hong Kong. Our expertise in the legalities of the region ensure that everything is kept up-to-date and compliant.
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NOMINEE DIRECTOR
We can offer comprehensive directorial and management services for Private Limited Companies in Hong Kong, with a focus on ensuring that your Hong Kong your Hong Kong company retains tax-exempt status.
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NOMINEE SHAREHOLDER
We provide nominee shareholder services for all our clients, arrangeable under the terms of a declaration of trust that demonstrates the beneficial owner. This ensures that your company’s high level of anonymity is maintained.
