Hong Kong is located at the south of Mainland China, facing the South China Sea. Having previously been governed by the British, it was handed over to China in a formal celebration on July 1, 1997.
China`s communist society is in direct contrast to the capitalism Hong Kong is known for. The region was officially designated as the Hong Kong Special Administrative Region of China to maintain its independent system under China`s rule. This allows for continuous development with minimal influence from the communist mainland.
As one of the world`s financial centers, Hong Kong`s islands are filled by corporate buildings housing some of the most famous companies, including HSBC -- Britain`s flagship bank during its sovereignty in the region.
Today, Hong Kong`s economic system is one of the most liberal in the world.
As a trade center, Hong Kong features business-friendly laws and with minimal taxing. Profit earned outside of the country are not taxed: however, income within Hong Kong has a tax rate of 17.5%. This makes the region ideal for offshore activities.
Moreover, Hong Kong does not tax capital gain income and does not exercise control over currency exchanges. The region guarantees its business owners trade freedom.
Courier fee: 70EUR
Conditions for incorporation in Hong Kong are as follows:
Our company formation package in Hong Kong includes:
This fee mentioned in this page is calculate based on the capital for HKD 10,000.00. If you need more higher capital, there will be needed additional fee according the amount of capital. Also the courier fee is required for deliver important documents.
Fees for renewing a Hong Kong company total to EUR 2199.00 and include the following:
An accountant and auditor will also be needed, whose fees are subject to the company`s profits. This service can be provided by Oobac from only EUR.
When registering a new company, the time of incorporation can take up to two weeks. Buying a shelf company has a shorter waiting time of only one week.
A shelf company`s name can be changed upon purchase. In this case, the name change can take two weeks with an additional fee of 550 EUR.
Private banks in central Europe are highly recommended for their state-of-the-art security and excellent banking services. You may choose to create an account with one of our suggested banks:
Opening a bank account in Belize will also be very beneficial for your company, especially once you've acquired your business license:
At least one director and one shareholder are required to incorporate a Hong Kong Limited Liability Company. One person can fulfill both requirements and there is no need to maintain a resident director and shareholder in the region.
By opting for a Nominee, you may incorporate a company without using your personal information in public records so that your security and confidentiality is maintained.
For further details on the Nominee Service, refer to the following pages:
By availing of our Nominee Service, you get the exclusive benefit of owning shares without having to use your real name. Again, your personal information will remain confidential and unrecorded so that your business is always secure.
Hong Kong companies are required to report annual returns and pay taxes. The accountant and auditor to fulfill these requirements can be provided by Oobac, with fees depending on the companyｴs turnover.
Note that offshore income are not taxed and provided a legal reason, can choose to not disclose offshore income.
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Information for Beginners