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How do I start an offshore company in Hong Kong?
Submission of the following incorporation documents to the Companies Registry:
- Hong Kong Incorporation application form;
- Hong Kong offshore company’s Articles;
- Copy of passport, overseas residential address proof, bank reference letter for non-resident shareholders or directors;
How much does it cost to set up a company in Hong Kong?
Fees
| Different Hong Kong entity types | Registration cost | Annual maintenance fees |
|---|---|---|
| PLC company | US$8,600 | US$4,900 |
| LLC with employment visa | US$15,205 | US$5,000 |
| Hong Kong company with China corporate bank account | US$11,655 | US$5,000 |
| Foreign trust | US$16,000 | US$11,600 |
Where is the best place to set up an offshore company?
Hong Kong is top-listed as an ideal country for offshore company formation for its strong international reputation and beneficial business schemes, including: 100\% of foreigner’s ownership.
How do I set up a company in Hong Kong?
Below are some steps to take in order to establish a new company in Hong Kong.
- Determine your company name.
- Choose a legal structure for your business.
- Register your company.
- Incorporate your business entity.
- Open a company account.
- Get permits and licenses.
- Hong Kong tax.
- Pensions and insurance requirements.
What is the best business in Hong Kong?
11 Profitable Business Ideas To Start in Hong Kong in 2019
- Healthcare products.
- Online Tutoring.
- Security Company / Virtual Security.
- Translation Company / Virtual Translator.
- Baby Formula.
- Online Food Store/ Homemade products/ Eco-friendly products.
- Therapy equipment.
- Fitness Boot Camps.
Which offshore jurisdiction is best?
5 Best Countries for an Offshore Company Registration
- Hong Kong. Hong Kong, while a part of the People’s Republic of China, has a legal system that follows the English common law.
- Panama.
- Bahamas.
- Cayman Islands.
- Cyprus.
How much does it cost to open an offshore company in Hong Kong?
Option 2 is he can open an offshore company like Seychelles or BVI, the fees would be setup fees (around HK$10,000) + annual maintenance fees, without tax filing and auditing requirements. So this means you don’t have to worry about a yearly audit by a Hong Kong CPA, or bookkeeping.
How to incorporate a Hong Kong company?
The main idea is there are 4 ways to incorporate a Hong Kong company: Domestic Hong Kong company. If you have staff or clients in Hong Kong, you will need to pay 16.5\% tax and complete accounting and file audits yearly. Hong Kong company that will file an ‘Offshore Claim’.
How much does it cost to start a business in Hong Kong?
Basically the ongoing annual costs of a Hong Kong company should be about HK$15,000 or more, depending on how much volume your business is doing. And if your company is doing higher volumes, paying a bit more shouldn’t break the bank.
How to file an offshore claim in Hong Kong?
As his company does not involve a business in Hong Kong, he can file an “Offshore Claim” to the Inland Revenue Department (IRD) and wait for the IRD’s approval for tax exemption of not paying the 16.5\% corporate tax (approval of tax-exempt status is subject to the IRD’s assessment).