Hong Kong company registration

Hong Kong business registration

Healy Consultants has been assisting Clients with registering their businesses in Hong Kong for over a decade. Our services include assistance with i) company incorporation ii) government license registration iii) opening the corporate bank account iv) hiring strategies and visa applications and v) office space rental solutions.

SummaryTax resident LLCZero tax LLCBranch companyRepresentative officeChina offshore company
Best use of company?Local salesGlobal TradingProjects and assignmentsMarketing and promotionDoing business in China
Corporate bank account location?Hong KongAnywhereHong KongHong KongChina
Client must travel to open account?YesNoYesYesNo
Statutory corporation tax payable?16.50%0%16.50%0%0%
Limited liability entity?YesYesNoNoYes
Average total engagement costs?US$6,255US$6,655US$7,455US$8,155US$9,950
Average total engagement period?4 weeks4 weeks6 weeks6 weeks6 weeks
Accounting and tax considerationsTax resident LLCZero tax LLCBranch companyRepresentative officeChina offshore company
Must file an annual Hong Kong tax return?YesYesYesNoYes
Must file annual financial statements?YesYesYesYesYes
Withholding tax payable on dividends?NoNoNoNoNo
Must apply for a tax identification number?No, unless resident in Hong KongNo, unless resident in Hong KongNo, unless resident in Hong KongNo, unless resident in Hong KongNo, unless resident in Hong Kong
Audit of financial statements required?YesYesYesNoYes
Company registrationTax resident LLCZero tax LLCBranch companyRepresentative officeChina offshore company
Resident director required?NoNoNoNoNo
Hong Kong representative required?NoNoYesYesNo
Minimum number of shareholders?11NoneNone1
Minimum number of directors?11111
Minimum paid up share capital?US$1US$1NoneNoneUS$1
Shelf companies available?YesYesNoNoYes
Time to incorporate a new entity?1 week2 weeks2 weeks2 weeks1 week
Public register of shareholders and directors?YesYesYesYesYes
Banking considerationsTax resident LLCZero tax LLCBranch companyRepresentative officeChina offshore company
Multi-currency bank accounts available?YesYesYesYesYes
Corporate visa debit cards available?YesYesYesYesYes
Quality of ebanking platform?ExcellentExcellentExcellentExcellentExcellent
Can secure trade finance?YesYesYesNoYes
Business considerationsTax resident LLCZero tax LLCBranch companyRepresentative officeChina offshore company
Can invoice local customers?YesNoYesYesNo
Can hire local staff in Hong Kong?YesNoYesNoNo
Can rent local office space?YesNoYesYesNo
Minimum statutory salary?US$670US$670US$670US$670US$670
Average monthly salary?US$2,000US$2,000US$2,000US$2,000US$2,000
Monthly GST reporting to the Government?YesNoYesNoNo
Access to double taxation treaties?YesNoYesNoNo
HKD deposit rate? (1 year average)0.75%N/A0.75%0.75%N/A
USD deposit rate? (1 year average)0.2%N/A0.2%0.2%N/A
Overseas remittance currency controls?NoNoNoNoNo

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Frequently asked questions

Download the full Hong Kong country report here

Contact us

For additional information on our company registration services in Hong Kong, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
hk-register hk-cpa hk-hktdc hk-hkgc hk-invest hk-government Hong Kong Tourism hk-immigration