Hong kong company setup is a simple and efficient process due to its business-friendly regulations, low tax rates, and strategic location. The most common business structure is a Private Limited Company, as it provides limited liability protection and a separate legal identity.
To begin, you must choose a unique company name that complies with the Companies Registry guidelines. The company must have at least one director, who can be of any nationality and does not need to reside in Hong Kong. Additionally, a local company secretary is required, and a registered business address must be provided. The company must also have at least one shareholder, and the minimum share capital requirement is HKD 1.
Once the basic details are in place, you need to register with the Companies Registry by submitting the Incorporation Form (NNC1 for private companies) and the Articles of Association. This can be done online through the e-Registry or in person. After incorporation, the company must obtain a Business Registration Certificate from the Inland Revenue Department, which must be renewed annually.
Hong kong company setup
