Establishing a Corporation in Hong Kong

Establishing a business in Hong Kong is an excellent, tax-efficient corporate way to conduct international business. The following information will help you determine if Hong Kong business formation is the optimum solution for your business:
1.	Establishing a corporation in Hong Kong is not perceived as a tax avoidance mechanism in an offshore tax haven. Because of the positive image of establishing a corporation in Hong Kong, it is an excellent structure to promote to investors and venture capitalists.
2.	Hong Kong corporation establishment is quick and easy. According to the World Bank's Doing Business 2008 Survey, in Hong Kong is one of the easiest places in the world for establishing a corporation.
3.	If properly structured, Hong Kong corporation establishment is a tax-free way of booking profits sourced outside Hong Kong (visit the Hong Kong Inland Revenue Department website). Avoiding double taxation is also made simple by Hong Kong having signed double taxation avoidance treaties with many trading partners.
4.	Because of its regulated business environment and stable economy, business establishment in Hong Kong is a secure, long-term structure. The lack of corruption in Hong Kong (see figures here), also facilitates business formation.
5.	Establishing a corporation in Hong Kong is an excellent way to enter China, particularly when supported with a Hong Kong virtual office.
With the help of Healy Consultants, establishing a corporation in Hong Kong is a straightforward process. Our professional, transparent and logical approach ensures each Hong Kong corporation establishment process is as smooth as it can be. Typically, establishing a business in Hong Kong evolves as follows:
1.	Our client settles our fees and signs Healy Consultants' engagement letter.
2.	Healy Consultants provides our client with a detailed Hong Kong corporation establishment plan, outlining a roadmap for the upcoming engagement. This minimises unwanted surprises and meets client expectations.
3.	Prior to establishing a corporation in Hong Kong, Healy Consultants compliance team receives the required corporate and personal due diligence information from our client.
4.	Before the corporation establishment in Hong Kong, our client confirms the Hong Kong corporate structure, including shareholders and directors and only then will Healy Consultants proceed with company incorporation.
5.	To support the Hong Kong business establishment, Healy Consultants incorporation team performs a business name search with the Hong Kong Company Registry and, if approved, the incorporation team will begin establishing a corporation in Hong Kong.
6.	Our client signs and returns the following documents to us: i) Letter of Appointment of First Director, ii) Declaration of Trust from the nominee shareholder (if a nominee shareholder is required), iii) and Memorandum and Articles of Association.
7.	Healy Consultants incorporation team liaises with the Hong Kong Company Registry to complete company incorporation.
8.	Healy Consultants’ incorporation team will email our client once we receive the Certificate of Incorporation.
9.	Healy Consultants incorporation team applies for the Business Registration Certificate and pays Hong Kong business registration fees/ levies, prior to establishing a corporation in Hong Kong.
10.	After establishing a corporation in Hong Kong, Healy Consultants compliance team prepares all post incorporation documents, including minutes of the first meeting, preparation of By Laws, assurance of initial Share Certificates.
11.	Upon receipt of original client signed corporate documents, Healy Consultants couriers a company kit folder to our client containing the following corporate documents regarding the corporation establishment in Hong Kong:
	i)	Original copy of Certificate of Incorporation;
	ii)	An original bound copy of the Memorandum and Articles of Association;
	iii)	Original share certificates;
	iv)	Client feedback form.
12.	Healy Consultants legally completes the Hong Kong corporation establishment with the correct corporate structure, see Hong Kong Company Registration Procedure;
13.	Healy Consultants opens a corporate bank account for our client, which includes world-class multi-currency Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services;
Contact Us
For more information on establishing a corporation in Hong Kong, email email@healyconsultants.com or call us in Hong Kong at (+65) 6735 0120.
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