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Hong Kong

A company in Hong Kong is a perfect solution if you need a reputable company under a respectable jurisdiction. Opportunity to open a bank account in Hong Kong.
PRICES START AT 2,240 EUR

1. GENERAL INFORMATION ABOUT HONG KONG

Company in Hong Kong

Hong Kong is situated on the Kowloon Peninsula surrounded by South China Sea on the west, south and east and a total of more than 260 islands, the largest of which are Hong Kong Island (the location of the supreme authority institutions and the financial centre of the territory), Lantau Island and Lamma Island.

Hong Kong is not an offshore territory in the classical sense of the phrase; it is a free port with a low tax burden.
      •   Population: around 7.1 million.
      •   Area: 1,104 km2.
      •   Official languages: Chinese, English.
      •   Currency:Hong Kong Dollar (HKD)

2. THE TIME IT TAKES TO REGISTER A COMPANY IN HONG KONG

The time it takes to register a company in Hong Kong depends on the location of the directors and shareholders because the foundation documents must be signed by the director and the shareholders. As a rule, it takes 3–5 business days to enter the company in the registry, 3–5 business days to notarise and apostille the documents and 4–5 to deliver the documents by a courier service.

3. ADVANTAGES OF COMPANIES IN HONG KONG

      •   An up-scale Asian country with numerous agreements on avoiding double taxation.
      •   May operate as offshore companies if there are no operations in Hong Kong.
      •   No necessity to appoint a resident director.
      •   Opportunity to use a nominal director and a registered shareholder.
      •   Opportunity to open a bank account in Hong Kong.

4. DISADVANTAGES OF COMPANIES IN HONG KONG

      •   Necessity for accounting and submitting financial reports.
      •   Penalties for delays in submitting financial reports.


THE REGISTRATION OF A COMPANY IN HONG KONG INCLUDES THE FOLLOWING STAGES:
      •   checking and confirming the company name in the registry.
      •   preparation of and entering information in all the necessary documents (Memorandum and Articles of
          Association, various resolutions).
      •   paying the necessary registration dues and charges.
      •   incorporation of the company in the Companies Registry.
      •   notarising and apostilling the documents (if necessary).
      •   delivering the documents to the customer by courier service (DHL, UPS).

DOCUMENTS TO BE SUBMITTED:
      •   Certificate of Incorporation.
      •   Memorandum and Articles of Association.
      •   Appointment of Director.
      •   Minutes of the First Meeting.
      •   Share certificates.
      •   Seal.
If the nominal service (the complete package) is used, an apostilled letter of authority, the declaration of trust of the registered shareholder, the dateless letter of the director’s resignation and the share transfer form that has been signed but not filled in must also be submitted.

COST OF COMPANY REGISTRATION IN HONG KONG: STARTING FROM 2,240 EUROS (BASIC PACKAGE)*  * All the necessary state duties and other expenses for the first year of operation except for the accounting  support are included in the cost of the company.


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