Hong Kong Focus
Hong Kong is Asia’s World City
With over 9,000 businesses and companies having chosen Hong Kong as their home, no other city has ever quite succeeded in stealing the show from Hong Kong in the contest to win the much coveted title “Asia’s World City”. Lauded for its economic freedom, competitiveness, opportunity and ease of doing business, and for its role as an international financial centre and the key gateway to China, Hong Kong is truly one of a kind.
A stable, low and straightforward tax system
Free trade and free market
Free flow of capital without foreign exchange controls
English as the lingua franca of business
One of the most advanced business infrastructures in the world
Strong trade and economic ties with the Mainland China and other international markets
Steps to Set Up a Company in Hong Kong
Disclaimer:
The information provided below is intended for general reference purposes only and should not be construed as our formal egal, financial, or professional advice.
Company Type
Step 1 – Choose the type of company that best suits your company's purposes
Company limited by shares - the liability of members is limited by the articles of association to the amount unpaid on the shares respectively held by them.
Company limited by guarantee - no share capital and the liability of members is limited by the articles of association to the amount that the members respectively undertake to contribute to the assets of the company in the event of its being wound up. Non-profit-making organisations are usually registered as guarantee companies.Company Type
Company Name
Step 2 - Choose a registrable name for your company
Before incorporating a local limited company, choose a registrable company name. A company may be registered with an English name, a Chinese name, or an English name and a Chinese name. For a limited company, an English company name must end with the word “Limited” and a Chinese company name must end with the characters “有限公司”.
Company Name
Company Registration Application
Step 3 - Application for the Certificate of Incorporation and Business Registration
Incorporate the company with the Companies Registry and register the business with the Business Registration Office of the Inland Revenue Department. Deliver the required application documents along with the correct fees either electronically through the e-Filing Services under Hong Kong's "e-Services Portal" or in hard copy form to the Companies Registry. If the application is approved, download or collect the Certificate of Incorporation and Business Registration Certificate.
Company Registration Application
Bank Account Opening
Step 4 - Opening a Corporate Bank Account
Hong Kong banks enforce stringent customer due diligence and ongoing monitoring protocols for both new and existing clients. The initial step in opening a corporate bank account involves selecting a bank that aligns well with your business requirements, as each institution has unique procedures and criteria for account setup. Generally, banks require the physical presence of account signatories and principal shareholders or even shareholders at the appointment for account opening. Essential documents typically include company registration certificates, identification of directors and account signatories, information on beneficial owners, and other relevant business documentation.
Account Opening
Frequently Asked Questions
FAQ Disclaimer:
The provided questions and answers below are not meant to encompass all possible inquiries and should not be considered as personalized professional advice for your specific questions, issues, or concerns. These responses do not establish any obligation on our part to provide assistance. We invite you to reach out to us for a more comprehensive discussion about your individual matters or areas of focus.
