Everything you need to know about setting up and operating in Hong Kong — incorporation, tax, compliance, visas, and banking.
Disclaimer: Information on this page is for general guidance only and does not constitute legal, financial, immigration, or other professional advice. Regulations and fees are subject to change. Book an initial consultation for advice tailored to your specific situation.
Common questions about setting up a Hong Kong company.
How long does it take to register a company in HK?
Standard processing via the Companies Registry e-portal takes 3–5 business days. Expedited processing: 1 business day. We manage the entire process on your behalf.
What are the requirements to incorporate?
A HK private limited company requires: 1 shareholder (any nationality), 1 director (any nationality), a company secretary ordinarily resident in HK, and a registered address in Hong Kong. No minimum share capital requirement.
Do I need to be in HK to incorporate?
No — the entire process can be completed remotely. Documents can be signed electronically or sent by courier. No physical presence in HK is required for incorporation.
Can a foreigner own 100% of a HK company?
Yes. HK imposes no nationality or residency restrictions on company ownership. A foreigner can own 100% with no local partner, nominee director, or HK-resident shareholder required.
What is the minimum share capital?
There is no minimum paid-up share capital in HK. Most companies incorporate with share capital between HKD 1 and HKD 10,000.
Tax & Accounting
Common questions about HK corporate tax and accounting requirements.
What is the Hong Kong Profits Tax rate?
Standard rate is 16.5% for corporations. Two-tier regime: 8.25% on the first HKD 2 million of assessable profits; 16.5% above that. Only one entity per group qualifies for the lower rate.
Does a HK company pay tax on income earned outside Hong Kong?
No. HK operates a territorial tax system. Only profits arising in or derived from HK are subject to Profits Tax. Offshore income is not taxable in HK, but proper evidence must support the claim.
Is there GST or VAT in Hong Kong?
No. Hong Kong has no GST, VAT, or any form of sales tax.
Is a statutory audit mandatory?
Yes. All companies incorporated in HK must have their financial statements audited by a HK CPA. There is no minimum threshold — the requirement applies regardless of size or activity level.
Company Secretarial
Common questions about company secretary requirements and annual compliance.
Why does a HK company need a company secretary?
Section 474 of the Companies Ordinance (Cap. 622) requires every company incorporated in HK to appoint a company secretary who is ordinarily resident in HK, or a body corporate with a registered office or place of business in HK.
What is an Annual Return and when must it be filed?
The Annual Return (Form NAR1) must be filed with the Companies Registry within 42 days of the company's return date — usually its anniversary of incorporation. It records key company particulars. Late filing attracts higher fees.
What is the Significant Controllers Register?
All HK companies must maintain a SCR identifying individuals or entities with significant control — generally 25%+ shares, voting rights, or appointment rights. Updates required within 7 days of any change. Non-compliance is a criminal offence.
Visas & Immigration
Common questions about HK immigration pathways.
What is an Investment Visa?
The Investment Visa allows non-HK permanent residents to enter and remain in HK to establish or join a business. The applicant must demonstrate the business benefits HK's economy, sufficient capital is invested, and the role cannot be filled locally.
What is an IANG Visa?
The IANG scheme allows non-local graduates of HK institutions, and certain overseas university graduates, to stay or come to HK for up to 24 months without a specific job offer to seek employment or start a business.
How long do visa applications take?
Investment Visa: typically 4–6 weeks. Employment Visa: typically 4–6 weeks. Processing times vary; the Immigration Department does not commit to specific timelines.
Banking
Common questions about opening a corporate bank account in HK.
Can a non-HK-resident open a HK corporate bank account?
Yes. HK banks accept non-resident corporate account applications, though KYC requirements are rigorous. We advise on the most suitable banks for your profile and assist with document preparation.
How long does corporate bank account opening take?
Approximately 2 weeks (digital banks) to 2–3+ months (traditional banks). We advise on realistic timelines and the most suitable institutions for your company profile.
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