Hong Kong is a Special Administrative Region of the People’s Republic of China, with broad autonomous rights, its own legislative & political system, and features of Western democracy. At the same time, HK is an international financial center with a transparent tax system, low taxes, minimal government intervention in businesses. This favorable environment attracts entrepreneurs from around the world.
Benefits of doing business in Hong Kong with Finevolution
- Full HK company registration within agreed timeframes
- Assistance with opening a bank account
- Post-registration maintenance
- Accounting & legal support
Advantages of Hong Kong for businesses
- A simple & efficient business registration process with minimal requirements for share capital and directors
- Strategic location providing seamless access to mainland China and the Greater Bay Area, opening up significant opportunities for trade
- Recognized as one of the freest economies, offering a liberal business environment with favorable economic policies
- A low and straightforward tax regime, along with legitimate tax incentives for foreign investors, making HK an attractive place for businesses
- Limited liability, ensuring protection for HK company owners & shareholders, is one of the key advantages of this region
- Additional local & legal benefits for businesses in Hong Kong
Taxation for companies in Hong Kong
- Jurisdiction operates on a territorial tax principle
- Overseas income is not taxed (with proper explanatory information for tax authority IRD)
- Profits earned in HK: 8.25% on the first HKD 2 million (USD 255,000), then 16.5%
- Additional taxation conditions for HK companies
HK company registration steps
- Initial consultation with our specialists: agreeing on structure, timelines, contract signing
- Name must be formed according to local rules and meet all requirements. Names can be in Chinese and/or English
- To register a company, a business license application, memorandum, and agreement between founders must be submitted
- Once documents are submitted, the HK Companies Registrar reviews the application and makes a decision on incorporation
- After registration, founders receive a Business Registration Certificate (BRC), confirming company registration and permission for business activities
- Registration process takes two weeks
Requirements for company registration in Hong Kong
- At least one shareholder and one director
- Local address
- Minimum paid-up capital – 1 HKD
- Corporate Secretary
Hong Kong setup costs
The overall cost of business registration includes expenses for:
- Registration, including administrative costs
- Annual registration fee—an additional 2,150 HKD
- Corporate secretary for one year
- Registered address: central business district, mail scanning services
- Account opening—Payoneer/Airwallex
Auditing for companies in Hong Kong
Every Hong Kong company must undergo a mandatory annual audit. The audit is conducted once a year for each financial period:
- Evaluation is based on annual results and the company’s activities throughout the year
- This service provides comprehensive accounting & legal services to ensure effective and legal operations in Hong Kong
- Additional charges apply
Accounting support in Hong Kong
The cost of accounting services is determined based on monthly expenses. Three optional packages are available here:
- Basic support (Annual):
One-time preparation of financial statements at the end of the fiscal year.
- Standard support (Monthly):
Includes payroll accounting, setup, adaptation, monthly bookkeeping, tracking income and expenses, invoicing, financial statements (excluding audit), payroll management, monthly management reports, and ongoing expert support.
- Premium (Weekly):
Xero subscription: Optional at an extra cost. Included for accounts with expenses over 23,349 EUR or with premium support.
Our team is ready to assist with registration in Hong Kong, document preparation, and ongoing HK business support. Our working hours are 9:00-19:00 from Monday to Friday. Send a request through the form below or a message on Telegram/Viber, Whatsapp for consultations.