Hong Kong Company Formation

Profit Accounting provides a number of Company Formation discount packages to suit the needs of different customers.

Use our virtual office service and we give you our FREE office address as your shareholder and director's correspondence address (To help protect the privacy of your residential address from public search).

Services and documents	Plan A	Plan B	Plan C	Plan D	Plan E Best Seller
Certificate of Incorporation (CI)
Business Registration Certificate (BR)
Memorandum and Articles of Association (M&A) (Picture)	3 sets	10 sets	10 sets	10 sets	10 sets
Green Box,  Statutory Book, Share certificates, Common seal, Signature chop, Round chop (Picture)	N/A
CPA Firm Certified True Copies of company incorporation documents for opening bank account	Free 1 set	Free 1 set	Free 1 set	Free 1 set	Free 1 set
Initial audit and tax return filing consultation with our qualified accountant after your company incorporated one year	Free	Free	Free	Free	Free
Prepare your company's first Significant Controllers Register	Free	Free	Free	Free	Free
Company secretarial services (Note 1)	N/A	N/A	1 year	N/A	1 year
Services of Designated representative & Keeping of Significant Controllers Register (Note 2)	N/A	N/A	1 year	1 year	1 year
Registered Office address at Central (for Government, Bank, and all Company Letters)   (Note 3)	N/A	N/A	N/A	1 year	1 year
Ditigal Company Signboard Service	N/A	N/A	N/A	1 year	1 year
Use our office address as your shareholder's correpsondence address in company formation (To help protect the privacy of your residential address from public search)	N/A	N/A	N/A	1 year	1 year
Use our office address  as your director's correpsondence address in company formation (To help protect the privacy of your residential address from public search)	N/A	N/A	N/A	1 year	1 year
Arrange bank account opening meeting at HSBC (Note 4)
Refer you to open online  Airwallex business account  (click this link for one day express activation program) (No need face to face account opening meeting)	Free	Free	Free	Free	Free
Free courier service of all company documents and green box to : ALL AREAS of Hong Kong, China, Macau and Taiwan	Free	Free	Free	Free	Free
Services fee (20% OFF) (NO hidden fees)	HK$758 HK$580	HK$1,180 HK$880	HK$1,850 HK$1,475	HK$3,000 HK$2,380	HK$3,500 HK$2,775
Government fees : (1) Certificate of incorporation (2) Business Registration Certificate  (3) Annual return filing      to Companies Registry	HK$1,720 HK$2,200 -	HK$1,720 HK$2,200 -	HK$1,720 HK$2,200 HK$105	HK$1,720 HK$2,200 -	HK$1,720 HK$2,200 HK$105
Total cost	HK$4,500	HK$4,800	HK$5,500	HK$6,300	HK$6,800

Company registration is ready in approximately 7 working days 
(subject to the approval time required by the Companies Registry).

Express formation service (+HK$1,000) :
(1) BR & CI issued in 1 working day (Green box, company seal and chops will be ready in 2-3 working days)
(2) Our agent acting as Founder member and First director of the company.

Steps of set up a new Hong Kong Limited Company : 

1. Decide on your preferred company name(s).
2. Fill in the Online Application Form (click here) and return to us.
   (either email to [email protected] or fax (24 hours) to (852) 2854 1788) 
   together with copy of identity card or passport and proof of residential address of all shareholder(s), director(s) and company secretary.
3. We will check whether the proposed company name is available for registration.
4. We will contact client for identity verification.
5. After checking your application documents, we will email fee note to you for settlement.
6. We will prepare official documents within two hours after we have received your payment.
7. You can come to our office to sign the official documents, or we can email the documents to you for signing.
8. If official documents is not signed at our office, client need to send the original signed official documents to our office for filing.
9. We will submit the orginial signed official documents to Companies Registry.
10. All company documents and Green box set are ready
    (Brand-new company will be ready in approximately 7 working days, subject to the approval time required by the Companies Registry)
11. We will notify you once the company is incorporated.
    You can collect the company documents and green box in our office or we can courier the company documents and green box to you. Then you can start business in Hong Kong.

Note 1 - Company Secretarial Services Package (includes government fee of HK$105)

1. Our company secretarial department is lead by Qualified Chartered Secretary of Hong Kong and Chartered Governance Professional. Therefore, you can be assured that your company's compliance will be properly managed.
2. Profit Accounting Co Ltd acting as Company Secretary for your company until the anniversary date of your company.
3. We will prepare and file the Annual Return (NAR1 Form) to Companies Registry.
4. We maintain and update your company's Register of members, Register of directors and Register of company secretary
5. We will provide advice of company's secretarial matters for your company. 
6. We charge separately on all extra services that we have to carry out in the capacity of your company secretary.

Note 2- Designated Representative service and Significant Controllers Register ("SCR") service

From 1 March 2018, a Hong Kong incorporated company must designate one person as its representative to provide assistance relating to the company's Significant Controllers Register to a law enforcement officer. Also, a Hong Kong incorporated company must keep its SCR at the company's registered office or a place in Hong Kong, and allowing inspection by law enforcement officer.

Failure to comply with the SCR obligations or made false statement is a criminal offence. For our extraction notes of the SCR compliance, please click here. For details of the SCR compliance, please refer to External Circular and Publications of the Hong Kong Companies Registry. 

Our services of designated representative and Significant Controllers Register ("SCR") includes, 

1. Profit Accounting Co Ltd acting as Designated Representative for your company until the anniversary date of your company.
2. We will keep your company's Significant Controllers Register ("SCR") at our office until the anniversary date of your company.
3. We will answer enquiry and inspection by law enforement officer of Hong Kong. 

Note 3 - Registered Office address package

1. Use our reputable Central Office address (provided by Profit Accounting Co Ltd) to be your company's Registered Office, the prime business location can build up your corporate image, being a stone throw away from Hong Kong's Central financial district.
   
   Our office in Central (9th Floor, Amtel Building, 148 Des Voeux Road Central, Central, HK), which is next to "The Center" and two minute walk from the Mid-Levels escalator.
2. Use our address as the registered office to set a high starting point for your company.
3. Use our address as correspondence address (for all government departments, banks and all your company letters) for your company.
4. We will notify you by email on any mail and parcel (Length+Width+Height does not exceed 90cm) received for your company.
5. Client can choose :
   (i) Collect your mail and parcel at our office, or
   (i) by single instruction, on weekly or monthly basis to forward mails and parcels to designated address
   (ii) extra postage cost will be charged separately
      

   	Forward to HK address	Forward to Non-HK address
   Mail
   Parcel		N/A

Note 4 - Arrangement of bank account opening meeting

1. Nowadays in Hong Kong, it normally can take up to one week to make an appointment with the bank for bank account opening.
2. However, with our network and the long-term relationship with the banks. We can assist and expedite in arranging bank account opening at HSBC and Airwallex. 
3. Our company formation package service fee does not include bank account opening fee charged by the bank.
4. Bank account opening is the bank's commercial decision. Our firm does not guarantee the successful of bank account opening. 
   
   

FAQ about Company Formation in Hong Kong :

• (1) What are the benefits of opening a limited company?

  Company debt limited:

  The "limited" in a limited company means that shareholders bear limited liability (Limited Liability). The shareholders' monetary liability is limited to the value of the shares, and the company's debts are completely independent of individuals (shareholders). If a limited company runs into financial difficulties and needs to close down, or if the company is insolvent, it can apply to wind up the company. Unless a shareholder guarantees the company in his or her personal name, the shareholder does not have to sell personal assets to pay the company's debts.

  Tax benefits:
  Hong Kong has relatively low tax rates, with a maximum corporate profit tax of 16.5%, and only profits from local sources are taxed. The first installment of net assessable profit after deducting allowable tax is HK$2 million, subject to profits tax of 8.25%.
  Profits exceeding HK$2 million are subject to profits tax at a rate of 16.5%. Shareholders do not have to pay taxes on the dividends they receive.
  Simple company registration process: The process of registering a Hong Kong limited company is simple and can usually be completed within one to three working days.

  No foreign exchange controls: Hong Kong does not impose restrictions on the inflow and outflow of funds, and companies can conduct international transactions freely.

  High international reputation: Hong Kong is an international financial center with a good business environment and legal system, and is trusted by investors around the world.

  Business flexibility: Hong Kong companies can conduct business worldwide without restrictions.
  Access to local and international markets: Hong Kong's strategic location provides easy access to China and other Asian markets.
  Fund-raising opportunities: Through Hong Kong's capital markets, enterprises can obtain investment and financing more easily.
  Good legal environment: Hong Kong has a sound legal system to ensure the legality of business activities.

• (2) What are the differences between shareholders and directors of a company?

  Shareholder

  Definition: A shareholder is a person or entity that owns shares in a corporation and has an ownership interest in the company.
  
  Rights: The right to participate in the company's profits (such as dividends). Participate in shareholders' meetings and vote on major matters (such as director elections, company mergers, etc.).
  
  Liability: Shareholders’ liability is usually limited to the capital they have invested, meaning their personal property is not affected by company debts.

  Director

  Definition: Directors are individuals responsible for the management and operation of a corporation and are usually elected by shareholders to form the board of directors.
  
  Rights: Develop the company's strategy and policies. Oversee the day-to-day operations of the company. Ensure the company complies with laws and regulations.
  
  Liability: Directors have legal responsibilities for the operation and management of the company, including duties of loyalty and care to shareholders, and may face legal liability if they fail to meet these responsibilities.

  Summary
  Shareholders are the owners of the company and are concerned with return on investment, while directors are the managers of the company and are responsible for day-to-day operations and decision-making. Although the two have different roles and responsibilities, both are critical to the growth and success of a company.

• (3) Can shareholders and directors of a Hong Kong company be non-Hong Kong residents?

  In Hong Kong, shareholders and directors of a company can be non-Hong Kong residents, as follows:
  
  Shareholders : Any person or entity (including non-Hong Kong residents) can be a shareholder of a Hong Kong company. This means you can register a company in Hong Kong without having to reside in Hong Kong.
  
  Directors: Directors of a Hong Kong company can be non-Hong Kong residents. According to the Companies Ordinance, at least one director must be a natural person, and there is no mandatory requirement for him or her to be a Hong Kong resident.
  Address requirement: If the director or shareholder is a non-Hong Kong resident, it is recommended to provide an address that can be used for company registration and ensure that it can receive official documents related to the company.

• (4) Can a company’s registered address be a public housing estate or a Home Ownership Scheme flat?

  The address of a registered Hong Kong company must be located in Hong Kong and can be a shop, commercial building or ground floor store. Although residential addresses can be used for registration, the Housing Department's use regulations for public housing and home ownership housing do not allow them to be used for commercial purposes. You can use Win-Ta Accounting's Central office address to avoid potential risks and enhance your company's image, giving your company a high starting point and adding advantages to your company.

• (5) When registering a company, what qualifications are required for a company secretary?

  In Hong Kong, according to the Companies Ordinance, the qualification requirements for company secretaries are as follows:
  
  Identity requirements: The company secretary can be a natural person or a legal person (such as a company).

  Natural person qualification: If the company secretary is a natural person, he must be at least 18 years old and must be a person who ordinarily resides in Hong Kong. If the shareholder and director are not the same person, one of them can be appointed as the company secretary. If the only director is the same person, then a third person needs to be appointed as the company secretary. The position of company secretary cannot be held by the sole director of the company.

  Professional Qualifications: A company secretary is usually required to possess relevant professional qualifications or experience, such as accounting or legal professional qualifications recognized by the Hong Kong Institute of Certified Public Accountants. Membership of the Hong Kong Institute of Company Secretaries.

  Knowledge requirements: The company secretary should have basic knowledge of corporate law, commercial law and related laws, and be able to effectively assist the company in complying with legal and compliance requirements.

  Responsibilities: Company secretaries need to be able to handle company paperwork, meeting minutes, shareholder registers, etc., and ensure that the company complies with various regulations.

  Summary
  Although the specific qualification requirements for company secretaries are not particularly strict, having professional knowledge and relevant experience will be of great help to company operations and compliance. It is recommended to hire a professional company secretrial company with relevant background to serve as your company secretary.