This presentation shows the methods of incorporating your company in Hong Kong, its various advantages and various methods. www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715

2.  To register a Company in Hong Kong is a very quick and
simple process.
 Decide a name for your company and then file an
application in a prescribed form to the Hong Kong
Company Registry (CR).
 Application for registration of business is also filed
simultaneously, thus, simplifying the process of staring
the business and company incorporation in Hong Kong.

3. Advantages of
Incorporation
in Hong Kong
Liberal
Economy
Simple, Fast
and Cheap
opening
Simple and
Favourable
taxation
system
Though a
province of
China, but
laws
different
It has CEPA
with China
Bank account
also outside
Hong Kong
A multi-
currency
business
bank account
Low Min.
Registered
Capital
Requirement

4.  Hong Kong is the most liberal economy in the world. It
provides numerous benefits to the companies being
incorporate in Hong Kong.
 Opening a limited company in Hong Kong is quite
simple, fast and cheap as you don't even need to
physically present there. You can run your business
from any part of the world.
 The minimum registered capital requirement to
register a company in Hong Kong is as low as 10,000
HKD, which is much lower than most of the countries
in the world.

5.  If you have incorporated your company in Hong Kong,
you can open a multi-currency business bank account
at a bank recognized worldwide, which has its own
advantage as Hong Kong is a major banking center.
 You can also open the bank account of your company
outside Hong Kong, for instance in Singapore or
Switzerland.
 Hong Kong has CEPA, i.e. Closer Economic
Partnership Arrangement with China, which provides
your business the benefit of additional mainland
China Access.

6.  Although, Hong Kong is a province of China, its legal
system and laws are different as compared to those of
China, as it follows English Common Law.
 Taxation system of Hong Kong is very simple and
favorable: companies' needs to pay only 16.5% tax on
all profit. There is also no tax on dividend distributed
by a company.

7. Disadvan-
tages
No Chinese
Visa on
incorporation
in Hong Kong
Lot of paper
work
There are two main disadvantages of registering a
company in Hong Kong as listed in the chart
given above and as explained in the next slide

8.  Lot of Paperwork: Company registration in Hong
Kong requires lots of paperwork. You need to be
physically present there. However, this problem can be
solved by hiring an agent or secretary.
 No Chinese Visa on incorporation in Hong Kong:
Your Hong Kong Company can’t provide a Chinese
VISA for you if you’re planning to live in mainland
China. To get a Chinese VISA, you need to open a
company in China, with a registered capital of about
250,000 HKD.

9. Earlier, foreigners were allowed to open a Sole Trader
Company in Hong Kong without having a Hong Kong
resident permit. But now, this facility has been
discontinued. You can't open any company other than
a Limited Company in Hong Kong unless you're
planning to stay in Hong Kong. As per the norms of
China government, you are required have an office and
a secretary for your company in Hong Kong.

10. A director
(without
restriction on
nationality)
A Shareholder
(without
restriction on
nationality)
A Company
Secretary
No Capital
Investment
Minimum one
share to be issued
Taxes levied only
on profits arising
in Hong Kong

11.  3 proposed company names (English, Chinese or
both).
 The address proof of at least one Director and one
Shareholder.
 A scanned color copy of your passport and of all
Directors and Shareholders.
 Residency proof of all the members and directors.
 A brief description of the business scope of the
company.

12. 1. Firstly, check the availability of name.
2. File the application for the incorporation of the
company. The applications for incorporation of a
company needs to be filed online at the 24-hour
portal e-Registry or you may deliver the documents
in hard copy form to the CR with the prescribed fees.
3. Incorporation procedure for a company in Hong
Kong is really fast and can normally be processed
within one hour for online application and within
four days for registration in hard copy format, if the
documents are complete and as per requirements.

13. Therefore, it can be comfortably concluded that
having a business and opening a company in Hong
Kong is an easy and beneficial process for anybody
who is willing to expand his business. It is one of those
countries that has the most accommodative laws and
regulations for the company and corporate sector.
Therefore, a person who works with all will and hard
work, cannot be stopped from achieving heights that
he has never seen before.