Can a non resident open a company in Hong Kong?
Table of Contents
- 1 Can a non resident open a company in Hong Kong?
- 2 How do I set up a limited company in Hong Kong?
- 3 How much does it cost to set up a company in Hong Kong?
- 4 Who can register a company in Hong Kong?
- 5 How long does it take to register a business in Hong Kong?
- 6 How do I register a business name in Hong Kong?
- 7 What is required for company registration?
Can a non resident open a company in Hong Kong?
Foreigners Who Plan to Start a Business in Hong Kong A foreigner has the complete right to be the individual director and shareholder of a company in Hong Kong. There is no requirement for a local resident to do so.
How do I set up a limited company in Hong Kong?
Below are some steps to take in order to establish a new company in Hong Kong.
- Determine your company name.
- Choose a legal structure for your business.
- Register your company.
- Incorporate your business entity.
- Open a company account.
- Get permits and licenses.
- Hong Kong tax.
- Pensions and insurance requirements.
How do I start a business in Hong Kong?
How to Start a Business in Hong Kong
- Select a Company’s Name. Select a unique name for the company before registering a business in Hong Kong.
- Register the Company.
- Open a Local Bank Account.
- Register a Local Business Address.
- Hire Employees.
- File Taxes.
How much does it cost to set up a company in Hong Kong?
Fees
| Different Hong Kong entity types | Registration cost | Annual maintenance fees |
|---|---|---|
| PLC company | US$8,600 | US$4,900 |
| LLC with employment visa | US$15,205 | US$5,000 |
| Hong Kong company with China corporate bank account | US$11,655 | US$5,000 |
| Foreign trust | US$16,000 | US$11,600 |
Who can register a company in Hong Kong?
Governed by the Companies Ordinance of Hong Kong, any person (foreign or local) above the age of 18 can setup a Hong Kong company. The most common type of business entity registered in Hong Kong is a private limited liability company.
How can a non resident open a bank account in Hong Kong?
In Hong Kong, non-residents only need to present proof of a home country address in order for a bank account to be opened on their behalf. Foreigners not resident in Hong Kong and looking to open a non-resident bank account in Hong Kong can do so by contacting the bank they want to open an account with.
How long does it take to register a business in Hong Kong?
The Certificates can normally be issued within 10 working days. Certificates in electronic form or hard copy form have the same legal effect..
How do I register a business name in Hong Kong?
How to Obtain Business Registration Application Forms
- e-mail to [email protected], complete the form IRBR194 or request in writing by post or by fax (2824 1482) to the Business Registration Office.
- Obtain in person at the Business Registration Office at 4/F of Revenue Tower, Wan Chai.
What are the legal requirements to incorporate a Hong Kong company?
A duly completed incorporation form that includes the following:
- Company name.
- Registered address.
- Brief description of business activities.
- Particulars of shareholders, directors and company secretary.
- Liability of members.
- Share capital registered on incorporation.
- Number of shares taken up by subscribers.
What is required for company registration?
The documents for registering a Public Limited Company include identity proof, address proof, and PAN Card of all Directors and shareholders, DIN, DSC, Utility Bill, NOC from the landlord, Memorandum of Association, and Articles of Association.