Frequently Asked Questions
Everything you need to know about forming a company in Hong Kong.
Getting Started
What type of company will I get?+
A Private Company Limited by Shares — the standard and most common business structure in Hong Kong. It provides limited liability protection, can have 1-50 shareholders, and is suitable for any commercial purpose.
Can foreigners form a Hong Kong company?+
Yes. There are no nationality or residency restrictions for directors or shareholders. You can incorporate 100% remotely without visiting Hong Kong. The only requirement is that your company secretary must be a Hong Kong resident or locally incorporated body — which we provide.
How long does incorporation take?+
1-2 business days for the Companies Registry to issue your Certificate of Incorporation and Business Registration Certificate via e-filing. Including document preparation and KYC, the total process takes 3-5 business days.
What documents do I need to provide?+
Certified copy of your passport, proof of residential address (utility bill or bank statement from the last 3 months), and a brief ID verification video. For corporate shareholders, you'll also need the Certificate of Incorporation and Articles of Association of the parent company.
Costs & Pricing
What's included in the formation fee?+
Government fees (HK$3,895), company incorporation filing, Year 1 company secretary, Year 1 registered address, Certificate of Incorporation, Business Registration Certificate, and Articles of Association. Higher tiers add the company kit (green box with chops/seal), bank account assistance, and compliance support.
Do I need minimum share capital?+
No. Hong Kong has no minimum paid-up capital requirement. You can set your share capital at HK$1 if you want. Most companies start with HK$10,000 divided into 10,000 ordinary shares of HK$1 each — this is purely conventional, not a legal requirement.
What are the ongoing annual costs?+
Mandatory annual costs include: Business Registration renewal (~$301/yr), Annual Return NAR1 filing (~$13), company secretary (~$300-500/yr), registered address (~$300-500/yr), statutory audit (~$800-2,000/yr), and profits tax return filing (~$400-1,200/yr). Total: roughly $1,800-4,500/yr depending on complexity.
Are government fees included in the price?+
Yes. Every plan includes the HK$1,545 Companies Registry e-filing fee and the HK$2,350 Business Registration Certificate fee (2026/27 rates). That's HK$3,895 (~$499 USD) in government fees included at no extra charge.
Legal & Compliance
What is a company secretary and why do I need one?+
Hong Kong law requires every company to have a company secretary who is either a Hong Kong resident individual or a locally incorporated body with a TCSP licence. The secretary handles statutory filings, maintains company records, and ensures compliance. We provide this service as part of every plan.
What is the Significant Controllers Register (SCR)?+
Every HK company must maintain an SCR — an internal record of individuals or entities that have significant control over the company (typically anyone holding >25% shares). The register is kept at your registered office and must be produced on demand to authorized officers. We set this up for you.
When is my first audit due?+
Your first profits tax return is issued by the IRD approximately 18 months after incorporation. You must submit audited financial statements with this return. After that, profits tax returns are issued annually in April.
What compliance obligations will I have?+
Annual: BRC renewal, NAR1 annual return (within 42 days of anniversary), statutory audit, and profits tax return filing. You must maintain accounting records for at least 7 years. If you hire staff, you'll also need to file Employer's Returns.
Tax & Banking
How does Hong Kong taxation work?+
Hong Kong uses territorial taxation — only profits sourced in Hong Kong are taxed. The two-tier profits tax rate is 8.25% on the first HK$2 million and 16.5% above that. There is no VAT/GST, no capital gains tax, no withholding tax on dividends, and no tax on offshore-sourced income.
How do I open a bank account?+
We assist with bank account opening as part of Business and Premium plans. Options include traditional banks (HSBC, Hang Seng — may take 2-8 weeks and sometimes require an in-person visit) and fintech/EMI accounts (Statrys, Airwallex — can be opened remotely in days).
Can I open a bank account remotely?+
Yes, through fintech and EMI providers like Statrys and Airwallex, which offer multi-currency business accounts with fully remote onboarding. Traditional banks sometimes require an in-person visit in Hong Kong, though some have remote options for straightforward applications.
Is Hong Kong a tax haven?+
No. Hong Kong has a transparent, well-regulated tax system with genuine territorial taxation — not a zero-tax jurisdiction. Companies with Hong Kong-sourced income pay profits tax. Hong Kong is a member of the OECD's Global Forum and exchanges tax information with over 130 jurisdictions.
Still Have Questions?
Our team is ready to help you with any questions about Hong Kong incorporation.