Benefits of Incorporating a Limited Company
Low cost and high efficiency
Setting up a limited company in Hong Kong is cheap and can be done in as little as one day. The vast majority of business activities in Hong Kong require a company to participate. Incorporating a company means you canTake advantage of the business opportunities around you。
Free access to funds
Hong Kong does not have foreign exchange controls, so funds can be used for the purpose of the Hong Kong dollar.Freedom to enter and leave Hong Kong without restrictionThis provides a high degree of flexibility for local and foreign companies in their operations, expansion and capital flows. This brings a high degree of flexibility to local and foreign companies in their operations, expansion and capital flows.
Attractive tax system
Hong KongLow tax rateIn addition, a simple and clear tax system will be put in place. In times of economic downturn, the Government willProvision of various tax relief measuresAs a result, many local and foreign investors have been attracted to set up companies or branches in Hong Kong.
Protecting Personal Assets
A limited company is a company with limited liability. The formation of a limited company separates the risk of opening a business from that of an individual. AchievementUncapped profits but limited debtof the undefeated.
One-stop service for setting up a limited company to help you start your business in Hong Kong
Hong Kong Limited Company Formation Process
Discussion and Evaluation
A one-on-one case discussion with LF Business Consultants aims to develop the most suitable business start-up plan for you, while explaining in detail the notes and related matters of Hong Kong company formation.
Preparation of founding documents
Applicants are advised to provide copies of Hong Kong Identity Cards or passports of directors, shareholders and company secretaries (passport copies for expatriates) as well as proof of residential address for the purpose of company formation.
Pre-check Company Name
Applicants should provide a pre-selected company name in English and Chinese. We will scrutinise existing and past similar names and provide professional advice on business start-up names to ensure that your choice of company name is appropriate and avoids unnecessary risks.
Payment of service charges and government 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, credit or transfer. Once the payment is credited to the bank account, we will start the company incorporation process immediately.
The company has set up and completed
Upon completion of the incorporation of the company, 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
For applicants who make an appointment to open a business account with a local bank or online wallet, we will assist in the preparation of the necessary documents for the account opening. However, the outcome of the account opening process is subject to a number of factors and the final decision rests solely with the bank.
Requirements for incorporation of a limited company
There must be at least one shareholder and director over the age of 18 to form a company.
(No restriction on nationality, the company can be a shareholder)
An agent responsible for acting on behalf of the company in relation to the Government's statutory affairs.
(can be Hong Kong permanent residents who have stayed in Hong Kong for a long period of time or appointed us)
The laws of Hong Kong define a registered address loosely, which can be an office, business centre, shared workspace and so on.
Bank Account Opening Service
Opening a bank account is the first and foremost task after setting up a company. However, in recent years, the global demand forAnti-Money Laundering (AML)The requirements have become more stringent. If you do not have a good relationship with your bank, you may face difficulties in opening a company bank account. In this case, we at Lafont are the right partner for your business and can help you to solve any problems you may have in opening a bank account. Over the years, we have built up a good relationship with many banks and can help you toQuickly open a bank account. We are committed to providing all-round support to ensure that you can start your business without any hiccups*.
* The result of account opening is affected by a number of factors, including the applicant's financial status, the company's industry, the minimum deposit requirement, etc. The bank has full authority over the final account opening decision.
Services
Registered Hong Kong / Taiwan Company
Company Secretarial Services
Accounting and Tax Planning
Various business support services
Testimonials
Frequently Asked Questions
Lafont's professional team brings you an in-depth understanding of Hong Kong company registration and business FAQs.
Common types of Hong Kong companies are: sole proprietorship, partnership (general partnership and limited partnership), limited company, public company, representative office and branch office. Limited company is the most commonly chosen type of company. Its most important feature is limited liability, i.e. the liability of the shareholders is limited to the amount of their capital contribution, and the personal property is separated from the company's property, so that they will not bear unlimited liability for the company's debts.
To set up a Hong Kong limited company, the necessary requirement is that the shareholders and directors must be at least 18 years old. Hong Kong locals, Chinese residents or overseas persons are eligible, and they only need to provide valid passports or identity cards.
With all the documents in place, we were able toMinimum one working dayThe registration process will be completed within the same timeframe. However, the actual registration timeframe will depend on how quickly the customer prepares the information and may be affected by the opening hours of the corresponding government units.
When registering a company name in Hong Kong, the name must be in traditional Chinese or English. Simplified Chinese characters are not allowed. The name can contain numbers, but not a mixture of Chinese and English.
The company name can be in both Chinese and English, or both, with "Limited" at the end of the Chinese name and "Limited" at the end of the English name.
* As the banking system in Hong Kong is predominantly in English, it is recommended that companies should be required to register their names in English.
Address of Registered CompanyMust be located in Hong KongHowever, whether it is a shop, an office building or even your home, it can be used as your company's registered address. However, we suggest that you consider the fact that using your home as your company address may cause you undue distress in the event of any disputes with your company. If you want to avoid the hassle of using your home address as your company's registered address, you can consider renting a business registered address. This is a very affordable option, costing as little as HK$1,000 a year, and can save you a lot of unnecessary hassle.
Hong Kong law requires that every companyA local company secretary must be appointedThe Secretary is responsible for ensuring the integrity of all company documents. 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 law. The position can be filled by an individual or a business (corporate body).
We at Longford can also provide you with company secretarial services from as low as HK$$50 per month.
When forming a Hong Kong company, you can choose to register your share capital in either US Dollars or Hong Kong Dollars.
*The Hong Kong capitalisation isRecognition systemInstead, it is a pay-as-you-go system.
In addition, there is no minimum amount of registered capital in Hong Kong (even $1 is acceptable).HK$10,000and issue at least one ordinary share on incorporation.