Setting Up a Company in Hong Kong
Why Choose Hong Kong
Starting a business in Hong Kong offers numerous advantages, making it an attractive destination for entrepreneurs. Its strategic location at the crossroads of East and West facilitates access to key Asian markets. The city’s proximity to mainland China allows easy entry into a vast consumer market. Hong Kong’s business-friendly environment features minimal government interference and a straightforward registration process. With a low tax regime and no capital gains tax, businesses can retain more profits. The highly skilled, bilingual workforce is a significant asset for industries like finance and technology. Robust infrastructure, including an efficient transport system and connectivity, supports operations. Additionally, the vibrant business community provides ample networking opportunities. Hong Kong’s strong legal framework ensures protection of rights, while its high quality of life attracts talent. Overall, the city presents a fertile ground for growth and innovation in the Asia-Pacific region.

Business-Friendly Environment
Hong Kong ranks high in ease of doing business, with simple regulations and minimal bureaucratic hurdles.

Low Tax Rates
The corporate tax rate is capped at 16.5%, with no sales tax or VAT.

Strategic Location
Situated at the heart of Asia, Hong Kong serves as a gateway to mainland China and other Asian markets.

Robust Legal Framework
The common law system provides strong legal protections for businesses.

Access to Capital
Hong Kong has a dynamic financial market with various funding options.
Steps to Set Up a Company in Hong Kong

01
Choose the Type of Business Entity
- Private Limited Company: Most common choice for small to medium enterprises.
- Sole Proprietorship: Suitable for individual entrepreneurs.
- Partnership: Involves two or more individuals or entities.

02
Decide on a Company Name

03
Register Your Company
- Articles of Association
- Incorporation Form (NNC1 for private companies)
- Identification documents of directors and shareholders
- Proof of registered office address
- Submit the documents to the Companies Registry.
- Pay the registration fee.
- Obtain a Business Registration Certificate from the Inland Revenue Department.

04
Open a Bank Account
- Company registration documents
- Proof of identity of directors and shareholders
- Business plan and financial projections

05
Obtain Necessary Licenses and Permits

06
Understand Tax Obligations
- Corporate Tax: 16.5% on profits.
- No Capital Gains Tax: Profits from the sale of assets are not taxed.
- No Withholding Tax on Dividends.

07
Hire Employees (if needed)
- Cultural Understanding: Familiarize yourself with the local business culture and practices.
- Professional Assistance: Consider hiring a local consultant or legal advisor to navigate regulatory requirements.
- Networking: Join local business associations or chambers of commerce to build connections.
Our Hong Kong Immigration Consulting service

Hong Kong Company Formation Services


Fast, Easy, and Affordable Company Formation in Hong Kong
Hong Kong, a leading global financial and business hub, provides an ideal gateway for businesses seeking access to China and other Asian markets. Company formation in Hong Kong is known for its speed, affordability, and convenience. While the setup process is straightforward, ensuring accurate documentation is essential. Our experienced team can assist you with company formation, bank account opening, and securing the appropriate business visa.
Why Choose Sun Progressive Solution for Your Company Setup?

One Hour Free
Consultancy

Single Window
Solution

Highly qualified and
trained team

No Hidden
Charges

Comprehensive
AML framework

Accuracy in
compliances
Seamless Solutions for All Business Sizes
Comprehensive AML Framework

Expertly Skilled and Certified Professionals
The team at Sun Progressive Solutions is highly trained in all aspects of corporate and tax compliance. Beyond routine compliance, we have successfully facilitated the following legal processes for our clients:
i) Buy-back of shares
ii) Conversion of a public company into a private company
iii) Restoration of companies removed from the Companies Registry
iv) Reinstatement of de-registered companies
Several of these cases were referred to us by other secretarial firms, recognizing our specialized expertise in these areas.

Commitment to Compliance Accuracy

Value-for-Money Services

Explore Answers to Your Common Questions
Question 1
Corporate Secretarial Services that meet all the requirements for the Companies Registry in Hong Kong.
Question 2
Corporate Secretarial Services that meet all the requirements for the Companies Registry in Hong Kong.
Question 3
Corporate Secretarial Services that meet all the requirements for the Companies Registry in Hong Kong.

Conclusion

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