🎯 Why to incorporate in Hong Kong
✅ Trade friendly ecosystem ( Good for many kind of trade, especially for who is looking to get into chinese markets ) ✅ 100% Foreigners ownership ✅ Free trade and investments ( has free trade policies with so minimal policies and also no tariff on most goods ) ✅ No VAT or No GST ka tension ( Main reason people incorporate in HK ) ✅ Gateway to core Asia - China and Southeast Asia again. ✅ Legal system is very strong in HK, strong protection for POC ( protection of contracts ), IP ( Intellectual property ) and also helps to protect Investor's rights ✅ Best tax frameworks, like corporate tax is capped at 16% and upto HK$2M tax is capped at 8%, no capital gain tax, no withholding tax ( doesn't matter for startup much ) ✅ Global banking hub, it has signed DTA ( Double taxation agreements with more than 35 countries )
How to Incorporate ⁉️ The process to incorporate Company in Hong Kong is easy as f....... 😉 far as now
Companies ordinance - Company Name guide
Hire a company secretary and local registered address is mandatory
Fill NNC1 form offline / online on e-service.
You can get your form for offline here : https://www.cr.gov.hk/en/forms/specified.htm#26
Search in popular form NNC1 & IRBR1 at the end.
For e-service : https://www.e-services.cr.gov.hk/
First register on e-service and here is the guide to register :
https://www.cr.gov.hk/en/publications/docs/24-e.pdf
https://www.cr.gov.hk/video/eservices/e-Incorporation (NNC1) (EN) v0.3.mp4
You can check out below link to guide you on how to incorporate it online :
https://www.cr.gov.hk/en/publications/docs/27-e.pdf
Guide on how to submit your documents
https://www.cr.gov.hk/en/electronic/e-servicesportal/docs_submission.htm
And Hong Kong accepts your hard copy submission too ( You can submit it to HK Company registries )
You can then open your local bank account ( HSBC is one of the main and popular )
Apply for any other licence if required
Time required ⏰ : Usually 5-7 working days Cost 💰: Depends on many factors you can check out from below mentioned link