Hong Kong Limited Company Formation
✓ Fair price|✓ Entrepreneurship Consulting|✓ Company Secretary |✓ Account opening recommendation |✓ Office representative
Benefits of setting up a limited company in HK
Low cost and high efficiency
Setting up a limited company in Hong Kong is low cost and can be completed within one day at the earliest. The vast majority of business activities in Hong Kong require the participation of a company. Setting up a company means you
can take advantage of business opportunities around you
.
Funds come and go freely
There are no exchange controls in Hong Kong, so funds can
move in and out of Hong Kong freely without restrictions
. The move is local or foreignThe company brings a high degree of flexibility in operation, expansion and capital flow.
Attractive tax system
Hong Kong’s
low tax rates
are coupled with a simple and clear tax system. Various tax rate exemptions and
exemptions
are provided by the Government during economic downturns, thus attracting many local and foreign investors to set up companies or branches in Hong Kong.
Protect personal assets
A limited company refers to a limited liability company, and the establishment of a limited company can separate the risk of opening a company from the individual. Reach an invincible
position with unlimited profits but limited debt
.
Langfeng one-stop limited company setting up service to help you easily start your business blueprint in Hong Kong
Hong Kong Limited Company Formation Process
Interview assessment
A one-on-one private meeting with a Langfeng business consultant aims to develop the most suitable start-up plan for you, as well as explain in detail the do’s and don’ts of Hong Kong company formation.
Preparation of incorporation documents
Applicants are advised to prepare copies of Hong Kong Identity Card or passports of directors, shareholders and company secretary (passport copies for foreigners) and proof of residential address for the purpose of applying for company incorporation.
Pre-check the company name
Applicants should provide pre-selected company names in English and Chinese. We will carefully review existing and past similar names and provide professional opening name advice to ensure that your company name is chosen appropriately and unnecessary risks are avoided.
Payment of registration fees and registration fees
Applicants can choose to deposit the service fee, company registration fee of $1,720 and business registration fee of $2,150 into our designated bank account by cash, deposit or transfer. Once the funds are credited, we will start the account opening process immediately.
Company establishment completed
After the company is incorporated, we will hand over the Certificate of Incorporation (CI), Business Registration Certificate (BR) and other relevant company documents to the applicant.
Open a bank account
Make an appointment for applicants to open an account with a mainstream or digital bank, and we will assist in preparing the documents required for account opening. However, the outcome of opening an account can be influenced by many factors, and the final decision is entirely in the hands of the bank.
Interview assessment
A one-on-one private meeting with a Langfeng business consultant aims to develop the most suitable start-up plan for you, as well as explain in detail the do’s and don’ts of Hong Kong company formation.
Preparation of incorporation documents
Applicants are advised to prepare copies of Hong Kong Identity Card or passports of directors, shareholders and company secretary (passport copies for foreigners) and proof of residential address for the purpose of applying for company incorporation.
Pre-check the company name
Applicants should provide pre-selected company names in English and Chinese. We will carefully review existing and past similar names and provide professional opening name advice to ensure that your company name is chosen appropriately and unnecessary risks are avoided.
Payment of registration fees and registration fees
Applicants can choose to deposit the service fee, company registration fee of $1,720 and business registration fee of $2,150 into our designated bank account by cash, deposit or transfer. Once the funds are credited, we will start the account opening process immediately.
Company establishment completed
After the company is incorporated, we will hand over the Certificate of Incorporation (CI), Business Registration Certificate (BR) and other relevant company documents to the applicant.
Open a bank account
Make an appointment for applicants to open an account with a mainstream or digital bank, and we will assist in preparing the documents required for account opening. However, the outcome of opening an account can be influenced by many factors, and the final decision is entirely in the hands of the bank.
Open limited company requirements
Shareholders and directors
There must be at least one shareholder and director who is at least 18 years old to incorporate a company.
(Nationality is not limited, the company can be a shareholder)
Company Secretary
An agent responsible for handling corporate and government statutory matters.
(Can be an ordinary Hong Kong resident or appoint us)
Registered address
Hong Kong law has a loose definition of a registered address, which can be an accountant’s office, a business centre, a co-working space, etc.
Open a company all-inclusive for only $99
*Excludes government company registration fee of HKD$1720 and business registration fee of HKD$2150.
Promotion Period : From now until the end ( Promotion is limited to one promotion time)
Bank account opening services
Opening a bank account is a top priority after setting up a company, but in recent years, the
global Anti-Money Laundering Act (AML)
requirements have become more stringent. If you do not normally have a good relationship with a bank, opening a corporate bank account may be difficult. In this case, we at Langfeng are your business partners to help you solve all kinds of account opening problems. Over the years, we have established good connections with many banks and can assist you
in opening a bank account quickly
. We are committed to providing comprehensive support to ensure that your business runs smoothly*.
*The account opening result is affected by a variety of factors, including the applicant’s financial status, company industry, minimum deposit requirements, etc., and the bank has full power to make the final account opening decision.
Langmont’s advantage
Assist you to quickly set up a company, your best partner on the road to entrepreneurship
✓ We offer fully transparent prices and never overcharge other fees
✓ Entrepreneurial resources including tax filing, visas, marketing, and more
✓ Hong Kong’s first office representative service to help you seize market opportunities
✓ Since its establishment in 2014, it has served hundreds of entrepreneurs every year
Service items
Hong Kong company registration
Company secretarial services
Accounting and tax filing services
Office Representative
Registration of Hong Kong/Taiwan company
Company secretarial services
Accounting and tax filing services
Various business support services
Billing breakdown scheme
Customer testimonials
The service provided by this company is really outstanding. Their team is very professional and experienced, giving us comprehensive guidance and support throughout the establishment process.
Quick response and useful information, arranged my first registration with a phone call. For start-up entrepreneurs, I recommend the company.
Langfeng really understands our needs and goes one step further to provide customized solutions. Very satisfied with their service and highly recommended to businesses that need related services.
Business owners
Miss Lin
The service provided by this company is really outstanding. Their team is very professional and experienced, giving us comprehensive guidance and support throughout the establishment process.
Business owners
Mr. Liu
Quick response and useful information, arranged my first registration with a phone call. For start-up entrepreneurs, I recommend the company.
Entrepreneurs
Miss Wu
Langfeng really understands our needs and goes one step further to provide customized solutions. Very satisfied with their service and highly recommended to businesses that need related services.
Frequently Asked Questions on Setting Up Hong Kong Limited
Q : What documents do I need to open a Hong Kong company?
Q : How long does it take to open a Hong Kong limited company?
With all the documents in place, we can complete the registration process
in as little as one working day
. However, the actual registration schedule will depend on how quickly the customer prepares the data and may be affected by the office hours of the respective government unit.
Q : What are the requirements for a registered company name in Hong Kong?
When registering a company name in Hong Kong, the name must be in Chinese Traditional or English, and the name cannot be in simplified characters, and the name may contain numbers, but it cannot be mixed between Chinese and English.
The company name can use Chinese + English at the same time, or choose one of the two, Chinese the name must end and must contain “Limited”, and the English name must end with “Limited”.
*As the Hong Kong banking system is mainly in English, it is recommended that companies must register an English name.
Q : Does the company address have to be a store/office building? Can I register in Mainland/Overseas?
The address of the registered company
must be in Hong Kong
, whether it is a shop, an office building, or even your residence, it can be used as the registered address of the company. However, if you use your home as your business address, it may cause you unnecessary trouble in the event of a dispute with the company.
Therefore, you can consider renting a business registered address. This method is quite affordable, with a minimum cost of HK$1,000 a year, which can save you a lot of unnecessary trouble.
Q : Do I need a company secretary? Is it okay not to need a company secretary?
Hong Kong law requires every company
to appoint a local company secretary
. The secretary’s responsibilities include ensuring the integrity of all company documents and ensuring that all changes to the company are completed on time and correctly in accordance with local laws. This position can be held by an individual or an enterprise (body corporate).
We can also provide company secretarial services for you from HK$50 per month.
Q : What is a company secretary? Is it the secretary lady who answers the phone every day, arranges meetings, and books tickets?
No, the Company Secretary referred to in the Companies Ordinance is completely different from our usual secretarial work.
Company Secretary, Company Secretary, whose primary responsibility is to
maintain communication
with the government on behalf of the company and report significant changes to the company. These changes may include the company’s name, address, business scope and annual report to the government.
We can also provide company secretarial services for you from HK$50 per month.
Q : When registering a company in Hong Kong, what are the requirements and precautions for the amount of share capital and registered capital?
There is no minimum company capital requirement in Hong Kong ($1 is also acceptable), the common registered capital is
HK$10,000,
and at least one ordinary share will be issued at the time of incorporation.
*Hong Kong’s capital is
on a subscription basis
rather than a paid-up basis.
Q : The registered capital of a company in Hong Kong is a subscription system, can I set the capital amount at will? For example, 100 million?
Limited liability means that the debt ceiling is capped at the amount of registered capital, and if the company applies for bankruptcy liquidation, if there are still unliquidated debts after liquidation,
shareholders need to be liable according to the amount of the company’s registered capital
.
In addition, capital actually represents the commitment and ability to invest in operating resources, and is paid when the business needs it. If the amount of capital is misstated, it is actually contrary to the original intention and provisions of the Company Law.
Q : What is the tax rate for opening a company in Hong Kong? Is overseas income taxable?
Hong Kong’s corporate profits tax (Taiwan: business tax, China: corporate income tax) rate is 8.25% for the first 2 million profits, and 16.5% for the part exceeding 2 million.
And Hong Kong does not levy VAT: Value-added tax (Taiwan: business tax 5%, China: VAT 13%)
Finally, Hong Kong’s tax system is heavily influenced by English common law, so it adopts the principle of territorial source (territoriality) for the taxation of income, taxing only gains arising in Hong Kong.
Q : After the dividends paid to shareholders by a Hong Kong company, do individuals have to pay dividend income tax?
Hong Kong’s tax system is designed to avoid double taxation, i.e. when the company’s income tax is paid and the company distributes dividends to shareholders,
it does not need to pay additional tax
. This means that the profits distributed to shareholders are already tax-paid income and are no longer subject to additional tax burdens.