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Create an Offshore Company in Hong-Kong

Updated on Tuesday 11th April 2017

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Hong Kong is one of the most competitive economies in the Asia-Pacific Region occupying top positions in the most prestigious surveys in 2016. Among these, the Global Competitiveness Index and the Ease of Doing Business Report placed Hong Kong among the first countries in world in terms of economic development.

Foreign investors seeking to open a company in Hong Kong can choose between several types of structures. However, the most common one is the Hong Kong limited liability company. This type of entity is also used to set up offshore companies in Hong Kong.

Our company formation experts in Hong Kong can assist foreign investors who want to register any type of company here. In case you need to calculate your taxes in Hong Kong, do not hesitate to use our tax calculator.

Ways of opening offshore companies in Hong Kong

There are two ways of starting an offshore company in Hong Kong:

  • -          by registering a new company;
  • -          by purchasing a shelf or ready-made company.

No matter the option of the enterpriser, both types of structures have their own advantages which can be explained by our company registration agents in Hong Kong.

Requirements to open a new offshore company in Hong Kong

As mentioned above one the two methods used by foreign investors who want to open an offshore company in Hong Kong is to register a new company with the Companies Registrar in this country. In order to open an offshore company in Hong Kong, the following requirements must be met:

  • -          the company must have at least one shareholder;
  • -          the company must also have at least one director;
  • -          the minimum share capital of the company is 1 Hong Kong dollar;
  • -          the company must have a registered address in this country;
  • -          the company must appoint a secretary.

The shareholder can be an individual or a company. Also, if there are no restrictions on the residency of the director and the shareholder, the secretary must be a Hong Kong resident. However, it is also possible to appoint a local company as a company secretary and our company formation representatives offer nominee secretary services in Hong Kong.

Registering an offshore company in Hong Kong

If the requirements above are met, the foreign investor or company can proceed with the company registration process of the Hong Kong offshore company. However, one must appoint a local firm or representative who carries out the incorporation procedure.

The following documents are required when opening an offshore company in Hong Kong:

  • -          the Memorandum and Articles of Association of the company;
  • -          copies after the shareholder (s) and director (s) identification papers;
  • -          the prescribed application form;
  • -          a letter from the bank for foreign shareholders and directors.

In the case of corporate shareholders, the certificate of incorporation of the company will be required. The company must also have an original name which can be checked with the Hong Kong Trade Register. In maximum 14 days after the company was registered, the owners must notify the Trade Register about the offshore company’s address in Hong Kong and the appointed directors and secretary. Declarations from the last two must also be submitted with the Companies Registrar.

Our Hong Kong company formation consultants can assist with the company registration procedure for offshore companies.

Choosing a shelf company in Hong Kong

The second option for foreign investors who are interested in opening an offshore company in Hong Kong is to buy a ready-made company. The greatest advantage of Hong Kong shelf companies is that they come registered and with all documents and appointed personnel. However, the owner can amend the incorporation documents and can also replace the director and the secretary, if needed.

In order to purchase a shelf company, the owner and the seller must sign a sale-purchase agreement before a notary. The Companies Register will then be notified about the new owner. Our company registration agents in Hong Kong offer already registered companies tailored to the clients’ needs.

Why open an offshore company in Hong Kong?

 

One of the main reasons to choose Hong Kong as an investment destination for registering a new or an offshore company is the Commercial Law which is based on the English legal system and the low corporate tax rate which is around 16,5%. It should also be noted that an offshore company will only be taxed on the income it makes in Hong Kong. Considering Hong Kong allows the use of nominee shareholders, privacy is also an important aspect to consider when choosing this country to register an offshore company.

For personalized consultancy please feel free to contact our local specialists in company formation. If you happen to be in need of professional company incorporation services in Austria or in Montenegro we can put you in touch with our partners.

Please ask our company formation specialists in Hong Kong for more details in setting up your business here or our partners lawyers in Hong for various legal inquiries.

In case you need different services, such as plumbing services or yacht rental services, we recommend a professional team of local plumbers or our partner yacht charter company in Dubai.
 

Comments

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