Advantages of Hong Kong Company

Company Incorporation

 

HONG KONG LIMITED COMPANY INCORPORATION

Hong Kong is well known as having a lot of opportunities, creativity and enterprising spirit.

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Advantages of HK Company

  • Limited Liability: a limited company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested. 

  • Separate Entity: a limited company is an independent legal entity, separate from its company members (company shareholders).

  • Taxation Benefits: Businesses & individuals in Hong Kong enjoy one of the most tax-friendly systems in the world. Only 3 direct taxes are imposed and there are generous allowances and deductions which can reduce your taxable amount.

  • The government provides support to Hong Kong companies in various aspects: a limited company operating in Hong Kong have the opportunity to apply for government funding.

BASIC REQUIREMENTS FOR HONG KONG LIMITED COMPANY INCORPORATION

  • Company name: Each company name must be approved by the Hong Kong Companies Registry to ensure no repetition.

  • Directors (aged 18 or over): There is no restruction for the number of directors and their nationality, and it is not necessary to live in Hong Kong.

  • Shareholders (aged 18 or over): According to the Companies Ordinance, a limited company incorporated in Hong Kong must have at least one shareholder. Both natural persons and legal entities can be shareholders of Hong Kong companies. Shareholders can serve as directors at the same time.

  • A Company Secretary: Who must reside in Hong Kong or a body corporate that must have its registered office in Hong Kong. A sole director/shareholder cannot act as company secretary.

  • A Hong Kong Registered Address: Every Hong Kong company must have a registered office in Hong Kong and cannot be a PO Box. myicon provides different packages of virtual office to fit clients.

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Our Services Included:

 

  • Conduct company search in Hong Kong Companies Registry to ensure the proposed name has not been used by others.

  • Consult and assess the client’s company structure and prepare the company incorporation documents.

  • Submit company incorporation documents to the Hong Kong Companies Registry and pay all government incorporation fees on the client’s behalf.

  • Obtain Certificate of Incorporation and Business Registration from Companies Registry.

  • To prepare Hong Kong company kit including the share certificates, company seal and company chop.

  • Preparing a set of documents for bank and assist bank account opening.

Incorporation of Foreign-owned Enterprises in China

 

Overview and advantages of Wholly Foreign-owned Enterprises

A wholly foreign-owned enterprise (WFOE) can be cooperation with the different industries and receive income in China directly.

 

Requirements for setting up a foreign company

  • An actual registered address. 

  • At least one shareholder. Shareholders without citizenship restrictions. 

  • At least one director. If there is only one director, who will serve as legal representative. 

  • At least one supervisor, who cannot concurrently as a director or legal representative of company. 

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Our Services Included

  • Assist with the registration process and Chinese notary. 

  • Provide Address for Registration. 

  • Accounting and Tax Returns. 

  • Preparing a set of documents for bank and assist bank account opening.

Contact Us

 

Email:corp@myiconoffice.com.hk

WhatsApp:9060 6032

 

Offshore Company Incorporation

Some countries and regions (such as the British Virgin Islands, Samoa, Cayman, etc.) have formulated some particularly loose policies to attract investors from all over the world to set up offshore companies in that country or region. Such companies basically do not levy any taxes, only charge annual license fees, and can be listed in other countries or regions. They are the first choice for most multinational companies to arrange corporate structures. Compared with general limited companies, the main difference between offshore companies is taxation. The offshore income of offshore companies does not need to be levied any taxes, nor is tax declaration required. In addition, the offshore company’s shareholder information, equity ratio, income status, etc. Enjoy a high degree of confidentiality.

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Advantages of Offshore Company

  • No need to disclose shareholder and director personal information to the public

  • No need to declare tax and pay any taxes

  • Free from foreign exchange controls

  • No registered capital required

  • Chinese company name can be used

  • No need to submit annual reports, audit reports and financial statements

  • Lower cost for enterprise financing

 

Use of Offshore Company

  • Tax planning

  • Acting as a holding company

  • International trade

  • Investment

  • Offshore listing

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Our Services Included

  • BVI Company

  • Cayman Islands Company

  • Samoa Company

  • Seychelles Company

  • Marshall Islands Company

  • Mauritius Company

Contact Us

 

Email:corp@myiconoffice.com.hk

WhatsApp:9060 6032

 

​Contact Us

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myicon Serviced Office

ADDRESS:2/F, CAMERON COMMERCIAL CENTRE, 458-468 HENNESSY ROAD, CAUSEWAY BAY, HONG KONG

TEL:(852) 2721 1800 

WhatsApp:(852) 9139 4471

FAX:(852) 2711 8010 

EMAIL:INFO@MYICONOFFICE.COM.HK

 

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