Hong Kong is one of the most liberal economies in the world and also a prominent banking hub. It is an epicentre of foreign investment, and international capital transactions are a cinch.
Hong Kong is the most convenient gateway to do business in and with mainland China, owing to the Closer Economic Partnership Arrangement (CEPA).
The corporate tax in Hong Kong is just 16.5%, and the taxation simple is simple.
In terms of infrastructure, Hong Kong is one of the most developed countries in the world, with several international corporate offices housed in it.
The general populace of Hong Kong is educated, skilled and English-speaking – so sourcing human resources for deploying a business here is not a problem at all.
Process of Registering a Company in Hong Kong
Decide upon a name for your company.
Prepare the Articles of Association (AoA) and incorporation form to submit to the Business Registration Office.
Get the required documents signed by the director(s) and the shareholder(s).
Submit these documents to the Companies Registry, along with paying the required fee.
The Companies Registry examines the application, and issues a Certificate of Incorporation if everything is in order.
Arrange for the statutory books of the company.
Get a corporate bank account opened by presenting the certified documents of the company to a desired bank.
Documents Required for Company Registration in Hong Kong
A copy of the Articles of Association of the company
An incorporation form specifying the following details:
Company name
Registered address
Brief description of business activities
Particulars of shareholders, directors and company secretary
Liability of members
Share capital registered on incorporation
Number of shares allocated to subscribers
Copies of Hong Kong identity card and residential address proof [for resident directors and shareholders]
Copies of passport and overseas residential address proof [for non-resident directors and shareholders]
Copies of parent company registration documents such as Certificate of Incorporation and Articles of Association [for corporate directors and shareholders]