Company formation in Hong Kong
Service Overview
ASC Consulting Limited offers a detailed pathway for setting up a company in Hong Kong, widely recognized as a leading financial center in Asia. Our expertise spans across handling diverse company structures, capitalizing on Hong Kong's vibrant economy, and strategic proximity to Mainland China.
IMPLEMENT
- • Incorporation
• Trademark, Intellectual Property & CopyRights
• Sourcing / QC
• CRM
THINK
DEVELOP
- • Distribution
• Funds raising
• Sell / purchase / stock in Europe
• Digitalize your business
What WE DO
- • Tax consulting
• Hide the source of your goods
• Do business in China
• Set up structuring tools
RUN
- • Administrative services
• Tax Filing
• Temporary CEO / COO
• Recruiting
• System integration
Industry Insights
Hong Kong stands as a beacon of business success, marked by its stable political landscape and robust economic infrastructure. Its favorable position as a gateway to Asia, particularly Mainland China, makes it an ideal locale for businesses looking to expand their global footprint. The region's commitment to economic growth and investment makes it a fertile ground for new ventures.
Types of Companies and Minimum Requirements
Private/Public Companies Limited by Shares: Suitable for businesses seeking investment and growth. No mandated minimum share capital, offering flexibility.
Unlimited Companies with Share Capital and Companies Limited by Guarantee: Fit for various business structures, from sole proprietorships to large enterprises.
Efficient Incorporation Process: Remarkably quick, with a company typically set up within just 2 working days.
Benefits
No Minimum Capital Requirement: Allows for businesses of all sizes to establish with ease.
Low Tax Rates: A two-tiered corporate tax system charges 8.25% on the first 2 million HKD of profits, and 16.5% thereafter. Dividend taxes stand at 0%, coupled with no withholding tax on dividends to residents or non-residents.
Sales Tax Exemptions: The absence of VAT or sales tax presents a financially attractive environment.
Legal Compliance and Business Formalities: Necessary formalities like annual meetings and redomiciliation are straightforward, with electronic signatures widely accepted.
Process
Company Type Selection: Guiding you in choosing the most suitable company structure based on your business goals.
Company Name Registration: Assisting in selecting a unique, compliant company name.
Documentation Preparation: Drafting and compiling essential documents, including the Articles of Association.
Registration and Compliance: Managing the registration process with the Companies Registry and ensuring all legal compliances are met.
Tax Registration: Guiding through the Inland Revenue Department registration.
Permits and Licensing: Obtaining necessary permits and licenses specific to your business sector.
Cost ConsiderationsThe costs for forming a company in Hong Kong include the company formation fee, any virtual office expenses, accounting service fees, and a registration fee charged by the Companies Registry. Although there's no minimum share capital requirement, a common practice is to issue one share valued at one HKD.
Hong Kong's Economic OutlookThe region has demonstrated economic resilience, evidenced by a 1.5% GDP growth in the second quarter of 2023. Improvements in retail sales and labor market conditions underscore its economic vitality and potential for new businesses.
FAQs
Non-Resident Company Formation: Hong Kong allows individuals of any nationality to open a company.
Registered Address Requirement: A registered address in Hong Kong is mandatory.
Incorporation Documentation: Essential documents include the Incorporation Form, Articles of Association, and Notice for the Business Registration Office.
Getting Started
Embark on your Hong Kong business venture with ASC Consulting Limited. We provide end-to-end guidance, from legal procedures and taxation benefits to compliance requirements, ensuring a smooth and successful business setup in this thriving economy.
Our Main Places of Activity
Specializing in Hong Kong's market, we offer a comprehensive service package that caters to the unique aspects of company formation in this dynamic region. Our tailored approach positions your business for success in one of Asia's most influential economic landscapes.
Our Group
We are a privately owned Group that prioritizes the service to its clients, and values personal approaches as well. We have been founded by qualified professionals from legal/fiscal sectors with more than 25 years cross-border experience gained in Europe & Asia - giving them perfect understanding for tax environment where client operates both at home base country or when investing abroad.
