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Hong Kong

Company Registration

 Join 3000+ Satisfied Customers

  • Experts with 16+ years of experience
  • One-Stop Service for Setting Up Hong Kong Company
  • 100% Online Processing

Tailored Service for Saving Budget 

Setting up a Hong Kong Company  is often seen as 'something that only the wealthy and the famous people will do'.

But is opening an offshore corporation in Hong Kong really so difficult, and is it just for huge multinationals and people with vast wealth?

The answer, of course, is NO. Take a look at what Hongda can help you to continue your success in Hong Kong.

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OUR PROMISES

Everything You Need To Do

01.

Consultation & Proposal

We (can) advise you on the best solution for your business model and send you our comprehensive proposal.

02.

Signing & Payment

After reviewing the proposal, we sign the service contract and receive your payment.

03.

Preparing Documents

We send you an application form as well as the list of documents we need from your side.

04.

Take a Break

Sit back, relax and let us take care of everything from here on out.

 

 

Why Choose Hong Kong Company Registry for Your Business?

Hong Kong is not only positioned right on the border of Shenzhen, one of China's largest and most commercially important cities, but is also in easy travelling distance of the Asia-Pacific region: China, South East Asia, India, and Australia.

Due to its British history, Hong Kong has a very Westernised system of government and banking which make it easy to open and do business there. This is why many consider it to offer the best of both worlds; on the one hand an easy doorway to Asia, but on the other, a familiar and internationally recognised way of doing things.

Many business people love Hong Kong due to the following:

  • English is widely spoken (and Mandarin is also increasingly normal)
  • Handy location
  • Low corporate and personal income tax
  • Easy Hong Kong company formation
  • Ease of dealing with Mainland China
  • Helpful as an investment route into Mainland China
  • Great infrastructure (for living and business)
  • Vibrant culture and food

 

Benefits of Forming a Hong Kong Company

1. Low Corporate & Personal Tax Demands

Corporate tax is pegged at 16.5%.

Personal tax is at just 2 - 17%.

There are no goods and services taxes, sales taxes, nor VAT (value added tax). You will also find that there are no capital gains taxes, no taxes on income derived from outside of Hong Kong, and no dividend taxes.

While taxes still need to be paid, you can see that the tax burden is low in Hong Kong, and this makes for a very entrepreneurial environment, especially when earning money from abroad which is untaxed.

 

2. Easier To Enter Chinese Market From Hong Kong

Hong Kong is the largest FDI (Foreign Direct Investment) center for China. This owes a lot to CEPA (the Mainland–Hong Kong Closer Economic Partnership Arrangement) of 2003. It aims to strengthen ties between Hong Kong and China, especially in the sectors of investment, trade, and finance. CEPA offers free trade and liberalization of trade and services between the two areas, and therefore it's clear that this gives opening Hong Kong companies an advantage in China over those that do not. 

In addition, travelling across the border to China from Hong Kong takes only around an hour, and of course for forays further inland Hong Kong is a major air and rail travel hub.

Finally, Hong Kong companies are offered better terms when opening companies in China, such as reduced investment capital demands. They're also governed by Hong Kong law, which is simpler and more familiar than its Mainland counterpart, and getting business loans and investment is also easier in Hong Kong's entrepreneurial climate.

 

3. Access To High Quality Labor

22% of eligible age youngsters went to university in Hong Kong in 2014 (Source: Gov.hk) with many more going to university outside of the country. What's more, for foreign companies opening a Hong Kong business, it means that there is a ready supply of English and Chinese speaking graduates, and bring skills to the table that you need.

If staffing your company with locals is attractive, it's also important to know that Hong Kong citizens may travel freely into China with no need for a visa, and so moving forward if you do have dealings with China itself then your Hong Kong staff can take a role in this.

 

4. Hong Kong Offers A Comprehensive Expense Write-Off System

Unlike Western countries which could be said to be stingy when it comes to writing off business expenses against your company, Hong Kong business can write-off most expenditure that would be classed as 'personal' in the West as a business expense, Including apartment rental, travelling, or dining and drinks. If the above are connected to your business, then it's possible.

 

5. World-Class Banking

As we have discussed, Hong Kong is built on the principles of entrepreneurship and business, and as such business banking is relatively easy and useful.

Unlike other foreign countries, HK banking is world-renowned and accepted in the West and won't cause you any problems when transferring money to or receiving it from abroad. There are also reasonable rates for currency transfer and most bank accounts can have different currency functions, so in the case of being paid from abroad you may not even need to convert the currency into HK$ at all.

 

Do I Have to Visit Hong Kong to Form My Company?

It's often stated that one of the biggest problems for foreigners opening businesses in Hong Kong is the fact that an individual must travel to HK to open the business account. In most cases this is true, and can be inconvenient, but Hongda are able to do this for you as a proxy which can be very convenient if travelling to HK is not possible. This means that Hong Kong company setup could be done entirely out of the country!

 

 

ACCOUNTS AUDIT PROCEDURE

FAQS

How do I set up a company in Shenzhen or the PRD?

Prepare the shareholder certificate, letter of good standing from the bank. Find an office in China. Make the application (of course better find a professional agent in China to help you).

Do I need to have a foreign company to start a company in China?

No, you could also use your personal name to start the company in China.

What are the drawbacks of a WFOE / rep office / JV?

Rep.Office:High tax, could not hire Chinese employees directly.

WFOE/JV: Slow registration time.

The benefit of all is that if you aim to run a business in China, any will allow you to do so. 

Do I need to personally go to China to set up the company?

No, you dont. Hongda Business Services
can help you to do this while you are abroad.

Do I need an actual office space to register a WFOE / rep office / JV?

Luckily now, you dont. Hongda Business Services can provide the office address for registration. 

Which documentation do I need for a WFOE / Rep Office / JV?

Oversea investor's certificate, bank reference letter and office in China are the key documents for each company type. 

WHAT CLIENTS ARE SAYING

Sound United

Jack Peng
Sound United Vice President > Asia Pacific


Sound United la leading desianer and manufacturer of consumer audio products in the us) has been usina Honada Business Services since2013 Moving one's operations to China is not a small task, but Hongda's expertservices helped us set up a company and deal with tax issues so we could get on with qrowing our business inno time at a!l, and that's whywe continue to use them today.
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Travis Perkins

David Finch BA ACMA CMIIA CAMA

Travis Perkins PLC Director of Group Business Risk & Assurance


Travis Perkins PLC (a leading builders merchant in the UK) has been using Hongda Business Services since 2008 for accounting and professional services. Throughout this time, we have found the team at Hongda to be very helpful and professional in their dealings with us. We look forward to working with the company in the future.

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Tulip Pacific Ltd.

Erik de Waard

Tulip Pacific Ltd. > Director

Tulip Pacific Ltd. (Business planning and interim financial management services) has been using Hongda Business Services since 2012. Hongda has helped us set up legal entities in China/HK and takes care of our annual company audits. They are the most efficient business service provider I have worked with to-date, and their professional advice has helped me better advise my own clients and provide greater value to my overall business.

Business service Guid

Hongda Business Services helps foreign businesses looking to establish in the PRD (Pearl River Delta, Guangdong), Shanghai and Hong Kong take advantage of everything that China has to offer. We typically work with companies in Shenzhen, Guangzhou, Zhuhai, Zhongshan, Shanghai, and Hong Kong.
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GET IN TOUCH WITH OUR TEAM

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