TEL:86-755-82143422

Home > Business Startup > Hong Kong Business Setup: Opening a Business in Hong Kong

Hong Kong Business Setup: Opening a Business in Hong Kong

Updated:2018-5-15 14:26:16    Source:www.tannet-group.comViews:255

Hong Kong business setup refers to open a business in Hong Kong. Opening a business in Hong Kong is relatively easy and cost-effective. As a foreigner you can own 100% of your business in Hong Kong, and you may be the sole director and shareholder. Attractively, Hong Kong is also a great gateway for establishing your business in China or other Asian nations. Below is a brief guidance for your reference.

Types of Companies in Hong Kong
Opening a foreign business in Hong Kong is generally restricted to one business type: a Limited company. However, if you already have a business elsewhere, there are a couple of other options.

1. Limited Company (LC)
A limited company is the most common business type in Hong Kong. Since it’s officially incorporated in HK, you’ll enjoy all the same tax benefits as resident entrepreneurs do, including the free trade agreement with China.

2. Branch Office (BO)
If your company is already registered somewhere else, you can open a branch office in Hong Kong. This type of office is not independent from its parent company, and comes with a distinct set of limitations.

3. Representative Office (RO)
A representative office is the most limited way to establish a presence in HK. Representative offices can’t be engaged in any profit-making activities, meaning you may not make or sell goods or services in Hong Kong. This type of office is best if you’re planning to open an office for a non-sales based branch of your company, like support or marketing staff.

Conditions on Registering A Limited Company in HK
If you are above 18 years old with valid passport (for non-Hong Kong resident) or Hong Kong ID card (for Hong Kong resident) regardless of your nationality, you can begin the incorporation process. If you are an owner of a non-Hong Kong incorporated company looking for a business entity in Hong Kong but do not require separate liability, a “Representative Office” is suggested.

Company Secretary
Each company must appoint at least a company secretary. The secretary, if an individual, must ordinarily reside in Hong Kong; or if a body corporate, must have its registered office address (a place of business) in Hong Kong. It has to be noted that in case of a sole director/shareholder, the same person cannot act as the company secretary. The company secretary is responsible for maintaining the statutory books and records of the company and must also ensure the company’s compliance with all statutory requirements.

Registered Office Address
A local Hong Kong address as the registered address of the company must be provided to Company Registries,  this address must be a physical address, and must not be a PO Box because the government letters will be sent to there for communication with the company. The intended purpose of this address is not limited, so that it can be a commercial, industrial, or residential address.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

Previous:China Shelf Company for Sale     Next:China Business Setup: Registering a WFOE in China