Hong Kong

HongKong - PLC/Other jurisdictions

Hong Kong is one of the most important financial centers in the Asian region and is traditionally used by entrepreneurs as an economic gateway to the Chinese market. For a long time, Hong Kong was a colony of Great Britain, but in 1997, in accordance with the agreement concluded between Great Britain and China, became an administrative district within China. 
Then businessmen around the world feared that the capitalist regime in Hong Kong would be subject to major changes. However, despite the actual change in the political status of Hong Kong, its current metropolis - China is abiding by the previously declared principle of “one country - two systems”. Therefore, today Hong Kong remains an example of a capitalist economy and is a very popular jurisdiction in the world for registering tax-free companies, and - especially - for those who cooperate with business partners from the Far East.

  • Basic information about jurisdiction

    Area – 1.104 sq. кm
    Population – 6.900.000
    Government – administrative district of China
    Official language – chinese, english
    Official currency – Hong Kong dollar (HKD)
    Time zone – GMT+8

  • Company type

    Private Company Limited by Shares

  • Directors of the company

    Amount: at least one
    Status: natural or legal persons
    Residents: residents of any country
    Information about directors: only in the Register of Enterprises of Hong Kong
    Nominee directors: allowed

  • Shareholders of the company

    Number: at least one
    Status: natural or legal persons
    Residents: residents of any country
    Information about shareholders: only in the Hong Kong Enterprise Register
    Nominee shareholders: allowed

  • Secretary Company

    Quantity: at least one
    Status: natural or legal persons
    Residents: resident of Hong Kong
    Information about secretary: only in the register of enterprises of Hong Kong
    Nominal secretary: allowed

  • Authorized capital of the company

    Standard declared capital - 10.000 HKD.
    Minimum paid-up capital – 1 HKD.

  • Company name

    The company name is reflected in two languages - Chinese and English and must end with the words '' Limited '' or the abbreviations '' Ltd. ''. Registration of names containing the words '' Bank '', '' Insurance '', '' Assurance '', '' Savings '', '' Trust '', etc., is not allowed without obtaining special licenses.

  • Information about the real owner of the company

    Information about the real owner is submitted only to the registered agent and is confidential.

  • Annual Return

    An annual report is submitted every 12 months after registration.

  • Financial Statement

    Financial Statement is submitted annually.

  • Taxation

    Taxation of income received outside of Hong Kong - 0%.

  • Double tax treaties

    Since non-resident companies in Hong Kong are not taxpayers, they are not subject to intergovernmental treaties concluded by this jurisdiction.

  • The term of registration of a new company

    7-8 business days; The term of receipt of the full package of documents is 5-6 weeks.

  • Acceptance of third-party companies for service FIVECONSULT

    Only in consultation with the previous serving agent in Hong Kong.

  • A set of constituent documents of the company

    1) registration certificate (Certificate of Incorporation) in two languages ​​- Chinese and English;
    2) articles of association / Memorandum and Articles of Association, signed by the first founders of the company (Subscribers);
    3) protocol of the decision on the nomination of directors and shareholders (Written resolution of Directors);
    4) Register of Shareholders (Register of Shareholders);
    5) two general powers of attorney (General Power of Attorney), signed by nominee directors (filled out with a specific name when buying a company);
    6) confirmation of nominee directors of the transfer of the company its real owner (Agreement for the provision of nominee services and indemnification of the nominee);
    7) Resignation letters of nominee directors, signed, but without a date;
    8 ) share certificates (Share Certificates) signed by nominee directors;
    9) company seal.

  • Готовые (“ready-made”) компании

    Покупка „Ready-made” компаний возможна.
  • FIVECONSULT comment:
    One of the advantages of companies registered in Hong Kong is their status, which cannot be automatically interpreted as tax-free by third parties - the constituent documents of Hong Kong non-resident companies are no different from those of resident companies paying taxes at the standard rate of 16.5%. The preferential status of non-resident companies in Hong Kong is based precisely on the territorial division of taxation of income received.
    In this connection, companies registered in Hong Kong, despite higher registration costs, are highly rated among entrepreneurs, especially when it is supposed cooperation with business partners from the Far East.

    It is also important to note that according to Hong Kong law, the company's registration documents (i.e., registration certificate, company charter and seal) must be kept at the company’s registered office in Hong Kong. Therefore, when acquiring a company, its owner receives copies of constituent documents, which, if necessary, can be certified by a notary and / or apostil.
     
    What is attractive offshore Hong Kong
     
    Offshore registration in Hong Kong is the best solution for entrepreneurs who plan to launch their own business on such a promising Asian market.
    The distinctive advantage of this administrative region of the PRC is its rapid economic growth, which allowed Hong Kong (along with South Korea, Taiwan and Singapore) to enter the top four "Asian tigers". And its autonomous status is a kind of open gate for large investments entering the country.  
     
    Specific features of offshore in Hong Kong
     
    Anyone who wants to register an offshore company in Hong Kong should be aware of the need for an annual financial statement certified by a local auditor.  
     
    Also, do not forget that offshore profits (ie, profits derived from Hong Kong territory) are not taxable by tax. However, the income earned by the company in Hong Kong is taxable and the tax rate reaches 16.5%. At the same time, there are no taxes on value added, dividends and interest, as well as on capital gains.  
     
    In general Hong Kong offshore is represented by three types:  

    is a public limited company;  

    is a closed joint-stock company with limited liability, established by two or more persons;

    is a limited liability partnership.  
     
    Benefits of Offshore Gon ong
     
    By registering an offshore company in Hong Kong, you can be assured of the absolute confidentiality of information about your activities: the register of shareholders and The directors are closed here, and any information about the organization is not available to third parties. Hong Kong is similar to other offshore zones, although it does not officially have offshore status. Thus, opening an offshore company in a formally onshore state, you realize all the advantages of the offshore business and at the same time inspire the confidence of investors and partners who do not welcome cooperation with companies registered in the offshore. 

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