For Hong Kong business registration, we must provide a unique company name, appoint at least one director and one shareholder (individual or corporate entities), designate a company secretary who is a Hong Kong resident or a registered company, and have a registered office address there.
The company registration process typically takes 1 to 3 weeks. This timeframe includes preparing necessary documents, applying to the Companies Registry, and obtaining the Certificate of Incorporation. With Tannet Group's efficient handling, we aim to expedite this process for our clients.
No, Hong Kong does not require local directors or shareholders. We can appoint directors and shareholders of any nationality and residency. However, appointing a company secretary who is a resident or a registered company is mandatory.
Hong Kong boasts a low % corporation tax rate of 16.5% for assessable profits. Furthermore, withholding taxes on profits or interest, capital gains tax, or value-added tax (VAT) are absent. Profits made outside are not liable for local taxes, offering major tax benefits.
We need to prepare the following documents:
Additionally, identification and address proof for directors, shareholders, and the company secretary are required.
Indeed, foreigners can run and own a company completely. Foreign ownership is not restricted, so this location appeals to international businesspeople. We help clients worldwide easily become visible.
Yes, appointing a company secretary is a legal requirement. The secretary must be a resident or a registered company. The company secretary is responsible for maintaining statutory books, ensuring compliance with regulatory requirements, and filing annual returns.
The cost varies depending on the services required. Standard fees include government charges for company incorporation and business registration certificates. Additional costs for services such as company secretary provision, registered office address, and professional assistance may arise. Tannet Group offers transparent pricing tailored to your specific needs.
We help you prepare the required paperwork to create a corporate bank account following company registration. Usually, requirements include the Certificate of Incorporation, Business Registration Certificate, firm Articles of Association, and director and shareholder identity records. Some banks may also require a business plan or evidence of business activity.
Hong Kong companies must fulfill several ongoing compliance obligations, including: