Why do you prefer to register a Hong Kong company to expand your business overseas?

With the integration of the world economy and the cross-border development trend of business, most domestic enterprises have also begun to utilize cross-border operation to enhance the strength of their own enterprises and expand their business areas.

Registering an overseas company is a good choice for domestic enterprises to go global and open up markets at home and abroad, andOverseas Company RegistrationIt brings a lot of convenience to the business at a later stage.

The first stop for many companies expanding their business overseas is to choosefactThe

According to the data, Hong Kong 2023 first half of the new registration of Hong Kong companiesOver 72,000 rooms(math.) genusThat's an average of 400 new companies every day.

In addition, the 2023 Hong Kong Policy Address also announced a series ofPreferential measures for "business grabbers"to attract businesses to Hong Kong.

01

Advantages of registering a company in Hong Kong

>> Full government support

The Hong Kong Government has announced a number of key pro-business initiatives to promote local business development and welcome investors to conduct all types of business in Hong Kong.

These initiatives involveInvestment Promotion, Civil Relief, Enterprise Support, Innovation & Technology, FinanceIt helps different types of enterprises to better set up their business in Hong Kong and capitalize on globally oriented development opportunities in a wide range of areas.

>> Enhancement of corporate image and facilitation of international trade

Registering an offshore company can help businessesOpening up overseas marketsThe company's international image is quickly enhanced; by exporting products from the company to the offshore company and then exporting them from the offshore company, the company is able to bypass tariff barriers and obtain duty-free treatment.

>> Low tax rates and fewer taxes

• profit tax: The tax rate is only 8.251 TP3T for the first HK$200W profit and 16.51 TP3T thereafter.
• provisional tax: Salaries tax for employees of Hong Kong companies (similar to the personal income tax withheld by Mainland enterprises on behalf of their employees), with a maximum rate of 17%.

>> Unlimited scope of business

Business Scope of Hong Kong CompanyVery little restriction, can operate any lawful business.

>> Unlimited registered capital

Registered capital of a Hong Kong companyNo physical arrival requiredand there is no need for a capital test.

>> Freedom of company name

factFreedom of choice of company name, allowing words of a regional and industrial nature.

>> Flexible and easy to manage

After the establishment of the companySimple maintenance managementThe only thing that needs to be done each year is an annual audit and a bookkeeping audit.

02

Registration Process

01

Select Registration Type
-Ltd.

-Guarantee Ltd.

02

Company Name Search
Provide 3-5 company names, which should be short and memorable, for a company name search.

-The Chinese name of the company ends with "有限公司".

-The English name ends with "Limited".

03

Preparation of Hong Kong company registration documents
Respectively, there are registered capital, registered address, business scope, front and back photos of ID cards of directors and shareholders and photos of hand-held documents, articles of incorporation, addresses of directors and secretaries, and so on.
04

Submission of application and payment of fees
Submit the required information to the Hong Kong Companies Registry and pay the required fees in a timely manner.

05

Hong Kong Companies Registry Audit
After submitting the registration documents, the Hong Kong Companies Registry will examine the information and after passing the examination, the Registry will issue a certificate of incorporation.

06

Successful registration, receive certificate of registration
Bring your identification documents to the Hong Kong Companies Registry to collect the Certificate of Incorporation and do the relevant procedures according to the Registry's requirements.
07

tax registration
After receiving the certificate of incorporation, bring the certificate of incorporation and other documents to the tax office to apply for tax registration and receive the tax registration certificate.

08

Hong Kong Company Bank Account Opening

Select the account bank, make an appointment to open an account, bring the company's relevant information to the account bank, submit information for the opening of the Hong Kong company's bank account.

03

Information required for registration
01company identification

In Chinese, it ends with "有限公司" and in English, it ends with "limited";02Director Shareholder Identity Card

Hong Kong company directors and shareholders ID card, handheld ID card photos;03Director Shareholder Address

Proof of address of directors and shareholders of Hong Kong companies;04registered capital

Starting from HK$10,000, no capital verification is required;05percentage of shares

Proportion of shares allocated to shareholders of a Hong Kong company;
06registered address

Registered address in Hong Kong;
07Scope of business

There are no restrictions on the scope of business and you can engage in most businesses;08Company Secretary

Must have a secretarial license issued by the TCSP Licensing Unit in Hong Kong.

If you have company registration, bank account opening needs or other questions, welcome to inquire!