How do I register an offshore company in Hong Kong?

How do I register an offshore company in Hong Kong?

Submission of the following incorporation documents to the Companies Registry:

1. Hong Kong Incorporation application form;
2. Hong Kong offshore company’s Articles;
3. Copy of passport, overseas residential address proof, bank reference letter for non-resident shareholders or directors;

Is Hong Kong an offshore jurisdiction?

Hong Kong is not an offshore jurisdiction and currently is not included in blacklists of jurisdictions with low or zero taxation of the majority of countries (including Russia since 2017).

How do I set up a limited company in Hong Kong?

Below are some steps to take in order to establish a new company in Hong Kong.

1. Determine your company name.
2. Choose a legal structure for your business.
3. Register your company.
4. Incorporate your business entity.
5. Open a company account.
6. Get permits and licenses.
7. Hong Kong tax.
8. Pensions and insurance requirements.

How much does it cost to set up a limited company in Hong Kong?

Fees

Different Hong Kong entity types	Registration cost	Annual maintenance fees
Holding company LLC	US$8,655	US$5,000
PLC company	US$8,600	US$4,900
LLC with employment visa	US$15,205	US$5,000
Hong Kong company with China corporate bank account	US$11,655	US$5,000

What is the best business in Hong Kong?

10 Small Business Investment Opportunities in Hong Kong

1. Business Consultants. A lot of business consultants are setting their branches in Hong Kong.
2. Travel Agency.
3. Product Sourcing Agent.
4. Call Center Agency.
5. Freight Forwarder.
6. Manufacturing.
7. App Developer.
8. Furniture Making and Remodeling.

What is the famous business in Hong Kong?

Notable firms

Name	Industry	Headquarters
Cathay Dragon	Consumer services	Hong Kong
Cathay Pacific	Consumer services	Hong Kong
Chekiang First Bank	Financials	Hong Kong
Chinachem Group	Financials	Tsuen Wan

Is it easy to start a business in Hong Kong?

Most importantly, opening a business in Hong Kong is relatively easy and cost-effective. As a foreigner you can own 100% of your business in Hong Kong, and you may be the sole director and shareholder. Attractively, Hong Kong is also a great gateway for establishing your business in China or other Asian nations.

How much does it cost to register a business in Hong Kong?

The Hong Kong business registration fee (HK BR Fee) costs HK$250 for a certificate with a validity period of 1-year. Meanwhile, the payment of HK$3,950 for a certificate has a validity period of 3 years. You must pay this HK business registration fee to obtain your Business Registration Certificate.

How much do you need to start a business in Hong Kong?

To summarize, the total cost of opening and maintaining a company in Hong Kong is… 5,855 HKD per year for renewing the business license as well as paying for the registered address and the company secretary (however, the first year you’ll have to pay 7,550 HKD, as explained above).

How do I start a small business in Hong Kong?

How to Start a Business in Hong Kong

1. Select a Company’s Name. Select a unique name for the company before registering a business in Hong Kong.
2. Register the Company.
3. Open a Local Bank Account.
4. Register a Local Business Address.
5. Hire Employees.
6. File Taxes.

How do I register my business in Hong Kong?

Incorporation of a local limited company in Hong Kong

1. Step 1 – Choose the type and name of company. Choose the type of company that best suits your company’s purposes:
2. Step 2 – Deliver application.
3. Step 3 – Collect Certificates.
4. Step 4 – Obtain other permits or licences.

How much is tax in Hong Kong?

In Hong Kong, for Single-Tier Tax System: corporations are taxed at 16.5% on assessable profits and unincorporated businesses are taxed at 15%. With effect from 1 April 2018, a two-tiered profits tax rates regime applies.