Hong Kong Company Incorporation Porcedure | CityLinkers

Wondering about the procedures of Hong Kong company incorporation? CityLinkers is the expert on business setup and other expansion activity, helping businesses to meet the requirements of statutory compliance.

Why You Really Need A Hong Kong Company Incorporation

What is meant by Incorporation?

  The ‘incorporation of a company’ is a legal process in which a company or corporate entity comes to exist. These corporations are considered to be separate legal entities from their owners. ‘Corporations’ can be brought into being in almost all of the countries of the world. They are usually recognized as such by the use of terms such as Limited or Inc.after their respective names. Therefore incorporation of a company can also be defined as a process of legal declaration of a corporate entity or company as independent from the owners that hold possession over it.

  What are the characteristics of a Company limited to Hong Kong?

  a)Following are the characteristics applying to a limited to Hong Kong Company Incorporation:

  b)There are no restrictions on the nationality of the directors as well as shareholders.

  c)Only one director and one shareholder, as well as corporate directors and shareholders, are allowed at a minimum.

  d)For the purpose of company registration, copies of residential proof, as well as identity proof, are required. The present profit tax rate of a Hong Kong Company Incorporation is at 8.25% for the foremost HK dollar 2 million profit.

  e)There is an allotment of 1 share at a minimum at HK $1.

  f)There is allotment of an address that is registered in Hong Kong as well as the appointment of a secretary for the company.

  What are the procedures involved in the incorporation of a company?

  An allotment of the company’s name and proof of residential address as well as identify documents (one may designate CityLinkers for a commission) in addition to the registered business address (that can be offered by CityLinkers for a commission)

  Documents for company incorporation inclusive of consent to act and letter of allotted share transfer, etc. are to be signed by the respective applicant.

  After incorporation, it is City Linkers responsibility to inform the applicants about all the details inclusive of the certificate to do with incorporation, as well as the certificate of business registration.

  Immediately after the incorporation takes place, execution of contracts takes place along with the commencing of the concerned business.

  The applicant is expected to collect all the sets of documents regarding company incorporations from the concerned service provider in person.

  What are the advantages of business incorporation?

  Quicker and Easier transfer of Funds: The ownership of the corporation can be easily transferred from one to another. And the more capital can be increased by selling of stocks, etc. An added advantage can be that banks prefer to handle loans only with borrowers that are incorporated.

  The gain of tax breaks as well as the securement of assets: The owners of a corporation enjoy the limited liability of protection and are not considered responsible for the business debts. Therefore, creditors cannot pursue one’s car or home to pay the business debts. Another advantage that comes into play is that business corporations can gain advantage of tax, savings on the self-employment taxes as well as the ones on life insurance.

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Incorporation of a
Hong Kong Limited Company

Swift company incorporation service

Many foreign companies have established trade ties with mainland enterprises. Usually they set up Hong Kong-based companies to simplify such issues as foreign exchange (forex) control and taxation. With well-established legal and tax systems, Hong Kong allows free capital flow and receipt of contract payment free from forex control. Overseas
incomes enjoy tax exemption. The Belt and Road Initiative unleashes huge economic potential of over 60 participating
countries, especially China and ASEAN members, bringing new business opportunities to enterprises, large and small.
Establishing a limited company in Hong Kong can help you expand overseas business and tap abundant opportunities.

Company name

  • Under the Companies Ordinance of Hong Kong, a new company must not be registered by a name that is the
    same as a name of a registered Hong Kong company;
  • The Companies Registry accepts registration of company names in Chinese or English or both.

Characteristics of a Hong Kong limited company

  • No restrictions on the nationality of shareholders and directors;
  • A minimum of one shareholder and one director, andcorporate shareholders and directors allowed;
  • Copies of identity documents and residential address proof required for company registration;
  • Appointment of a company secretary and provision of a Hong Kong registered address (may be provided by CityLinkers for a fee);
  • Allotment of at least 1 share at HK$1;
  • Current profit tax rate at 8.25% for the first HK$2 million profit.

Incorporation procedures

  • Provision of the company name, identity documents and residential address proof of shareholders, directors and company secretary (may appoint CityLinkers for a fee), and registered business address (may be provided by CityLinkers for a fee);
  • Company incorporation documents (letter of entrusted share transfer, consent to act as director, etc.) signed by the applicant;
  • After incorporate, CityLinkers to inform the applicant of all the details, including certificate of incorporation and business registration certificate;
  • Commencement of business and execution of any contracts immediately upon incorporation;
  • The applicant to collect the whole set of company incorporation documents from us in person.

For further query, please fill in and return this HKCO-form  to us by fax (+852-3152 3231) or by email. We will contact
you shortly and furnish you. All information will be handled in strictly confidential manner.