Hong Kong company registration

Hong Kong

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.

 Tax resident LLCZero tax LLCBranch of parent companyRepresentative officeChina offshore company
Summary
Best use of company?Local salesGlobal TradingConsolidate income and expensesMarketing and promotionDoing business in China
Corporate bank account location?Hong KongAnywhereHong KongHong KongChina
Client must travel to open account?YesNoYesYesNo
Corporation tax payable?16.50%0%16.50%0%0%
Limited liability entity?YesYesNoNoYes
Hong Kong resident director required?NoNoNoNoNo
Average engagement costs?US$6,255US$6,655US$7,455US$8,155US$9,950
Timelines to open company and account?4 weeks4 weeks6 weeks6 weeks6 weeks
Accounting and tax considerations
Must file an annual Hong Kong tax return?YesYesYesNoYes
Must file annual financial statements?YesYesYesYesYes
Withholding tax payable on dividends?NoNoNoNoNo
Business owner 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 registration
Hong Kong 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 considerations
Multi-currency bank accounts available?YesYesYesYesYes
Corporate visa debit cards available?YesYesYesYesYes
Quality of ebanking platform?ExcellentExcellentExcellentExcellentExcellent
Can secure trade finance?YesYesYesNoYes
Business considerations
Can invoice customers in Hong Kong?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
Double taxation treaty access?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

Click here to customize your registration package

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