Nestled in a strategic location in Southeast Asia, Hong Kong was identified as the 4th most accessible and most friendly place to start a business. As a premier trading and service hub in Southeast Asia, the free trade policy practised in Hong Kong offers excellent opportunities for foreign investors in Hong Kong company incorporation. The developed infrastructure in Hong Kong enables easy access to mainland China and other parts of the world.
Type of Companies in Hong Kong
Before you register your business in Hong Kong, you need to understand and decide which type of entities suited your business needs.
Branch Office
If you plan to expand your business to Hong Kong with your parent company incorporated outside Hong Kong, this will be a good choice for you to establish your presence in Hong Kong. A branch office is treated as an extension of the parent company, not a separate legal entity. The parent company is accountable for all the liabilities and debts of the branch office.
Representative Office
If you wished to explore the market in Hong Kong before you make a larger investment in Hong Kong, a representative office would be your ideal choice. A representative office is helpful for a foreign company that is incorporated outside Hong Kong to collect insights. A representative office is not allowed to engage in profit-making activities.
Private Company Limited by Shares
The most common type for Hong Kong company incorporation. By incorporating a private company limited by shares, you will be able to benefit from the free trade agreement with Mainland China – Closer Economic Partnership Arrangement (CEPA).
Requirements for setting up a Hong Kong company
In order to set up a company in Hong Kong, there are some basic requirements and documents that are needed as follow:
- Minimum 1 Shareholder
- Minimum 1 Individual Director
- A Local Registered office address
- Minimum 1 Local Company Secretary
- No minimum initial Paid-up Share Capital
Related read: How to start a business in Hong Kong as a foreigner?
How can WeCorporate help?
Our experienced business advisors will be able to provide you with insightful and actionable advice and recommendations to help you kickstart your business in Hong Kong quickly and cost-effectively. Acting as your local representative to manage all the legal paperwork in your name with your need to be present in the country, freeing your time for better strategic business planning.
FAQs on Hong Kong Company Incorporation
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- Minimum 1 Shareholder
- Minimum 1 Individual Director
- A Local Registered office address
- Minimum 1 Local Company Secretary
- No minimum initial Paid-up Share Capital
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- Branch Office
- Representative Office
- Private Company Limited by Shares
- Yes, Hong Kong was recognised as the 4th most accessible and most friendly place to start a business. The free trade policy practised in Hong Kong offers excellent opportunities for foreign investors in Hong Kong company incorporation.