HONG KONG – COMPANY FORMATION AND ADMINISTRATION SERVICES

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WHY TO SET UP A COMPANY IN HONG KONG

Hong Kong is the most liberal economy in the world. Therefore, opening a limited company is simple and fast. You don’t even need to live there, as you can hire us and get a registered limited company as soon as possible.

Hong Kong is a major banking center and, once you have incorporated your company there, you’ll be entitled to open a multi-currency business bank account (with e-Banking) at a bank recognized worldwide such as HSBC or Hang Seng Bank.

Advantages of doing business in Hong Kong:

  • A Hong Kong company only requires 1 director and 1 shareholder, who can be non-resident foreigners.
  • There is no requirement for a physical office space to to be complete the company registration. A registered address is sufficient.
  • Consequently, the world bank ranked Hong Kong as the 4th best jurisdiction in the world to start to a new business in their annual Doing business.
  • A Hong Kong company is legally tax exempt if it has no operations in Hong Kong. This legitimate tax advantage makes the city attractive to entrepreneurs and established business.
  • Setting up a Hong Kong offshore company is an excellent way to boost global profits as there is no withholding tax, sales tax, VAT, import and export tax or capital gains tax.
  • For companies with operations in Hong Kong, the corporate tax rate is among the lowest in Asia at 16.5%. Furthermore, such as a company will benefit from the 37 international double tax treaties signed by the Hong Kong government to minimize withholding tax on payments abroad.
  • Being a founding member of the world Trade Organization, Hong Kong promotes free trade and does not charge tariffs on imports and exports, Furthermore, bureaucratic procedures like licensing and government registration are kept to a minimum.
  • English is the official business language in Hong Kong, all formal company documents are written in both English and Chinese. As a result, a foreign entrepreneur is likely to find working in the city easy.
  • Obtaining bank credit is relatively simple in Hong Kong. Consequently, the city is ranked as 19th best jurisdiction in the world for securing business credit.
  • Along with Singapore, Hong Kong is the leading financial centre in Asia. The city’s International Financial Centre hosts many global financial firms, insurance companies, banks and asset management firms.
  • A Hong Kong company benefits from the absence of exchange controls to restrict FDIs or income repatriation. This coupled with city’s status as a financial centre make it an excellent location for treasury accounts, cash management and other corporate banking services.
  • The local government is also ranked as the 17th least corrupt place in the world, This makes it easier for foreign investors to depend on the local laws to protect their assets
  • Hong Kong is itself a free economic zone. Therefore a resident company is a great business vehicle for foreign investors who need a regional distribution base or headquarters
A Hong Kong company is legally tax exempt if it has no operations in Hong Kong.
Setting up a Hong Kong offshore company is an excellent way to boost global profits as there is no withholding tax, sales tax, VAT, import and export tax or capital gains tax.

INCORPORATION PROCESS IN HONG KONG

  1. There is no need for you or any of the directors or shareholders to visit Hong Kong to open your company. You can open your company from around the world, anytime. Simply fill out the online application form.
  2. After completing the application, you can pay the fee by credit card and the company’s details will be submitted to the Companies Registry, electronically.
  3. Your company and Neat Business account (Novasigma partner) will be set up within a week and you will receive a digital copy of all your important company documents, such as the certificate of incorporation and incorporation form.
  4. The incorporation process is completed by an experienced, TCSP licensed service provider.

REQUIREMENTS AND SPECIFICATIONS

Entity typse and suffix: LLP, LTD, PLC
Shareholders/Founders: at least 1 person or legal entity, foreign entities accepted
– Documents Copy of I.D. document of a founding partner(s)
Directors: at least 1 natural person, non-resident directors accepted
– Documents Copy of I.D. document of a person to be registered as a director
Share Capital: The minimum share capital requirement is US$1
Residency: non-resident directors are allowed. Resident Company Secretary is mandatory
Corporate tax: 0%/16.5% from territorial incomes
VAT:
Annual financial report: Yes
Registration address: Yes, can be virtual
A Company bank account: Company bank accounts can be opened at any bank, after establishment of the company though it is extremely difficult in Hong Kong and in many other offshore banking jurisdictions for just established small companies without resident directors and/or founders
Other: Express online company with Neat business account available! To refer HK$500 discount Enter Promo Code: novasigma298

 

INCORPORATION EXPENSES AND AVAILABLE SERVICES

COMPANY REGISTRATION EXPENSES: from EUR 450 Government incorporation and Business registration fees + Partner fees from EUR 555
Pricing: Expenses may vary depending on entity type, document requirements and type of founders

  • Establishment of company
  • Standard M&MA and Minutes of Meeting
  • Registered office
  • Company secretary
  • Digital copy of official company documents

ASSISTANCE & CONSULTING BEFORE AND DURING THE INCORPORATION: from EUR 0
Pricing: EUR 99 – 185 /hour depending on tasks (min assignment with Hong Kong company 7 hours (with Neat.hk offer 0 hours)

    • Business and tax consultation before incorporation
    • Assistance in registration process
    • Assistance in Start -bank account opening
  • Document legalization and recommendation letters
  • Business plan and Due Diligence
  • Bank accounts and payments solution
  • Insurances & Finance

ADMINISTRATION, LEGAL & ACCOUNTING SERVICES: Optional
Pricing: ask quotation from selected services

  • Company address, Virtual office services
  • Qualified contact person
  • Custom M&MA
  • Agreements between founders, partners, directors, contractors and employees
  • Special business licenses
  • Technical directors and UBOs
  • VAT and Tax prepayment
  • Bookkeeping
  • Accounting & Payroll
  • Financial controller
  • Funding
  • IP

MIN. TOTAL COSTS:

REGISTRATION FEES: EUR 450 + 555
ASSISTANCE & CONSULTING: EUR 1.590
ADMINISTRATION, LEGAL & ACCOUNTING: Optional
HONG KONG COMPANY FORMATION FROM: EUR 1.005

 Express online company with Neat business account available! To refer HK$500 discount Enter Promo Code: novasigma298

SEND YOUR DETAILS AND BRIEF FOR QUOTATION!

Is Hong Kong for you? Please send your contact details to schedule a meeting or send a brief information package so we can get back to you with quotation by email. We normally reply to queries within 3 hours!

 

Start business with Novasigma Rental company
RENT A FULLY ADMINISTRATED COMPANY IN HONG KONG FOR TRADING, HOLDING & PAYROLL – BANKING, NOMINEE SHAREHOLDERS, DIRECTORS, ACCOUNTING & FINANCE – Click here to read more at https://kickstart.novasigma.com

 


 

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ABOUT HONG KONG

BACK - SET UP A COMPANY

In cases KYC or/and Due Diligence process required Novasigma might require a personal meeting with all its new clients before proceeding any assignment

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