Register Company in Hong Kong - Block3 Finance
To register a company in Hong Kong with Block3 Finance is easy and hassle-free. Our Hong Kong business setup package includes company formation, provision of company secretary, and legal registered address. If required, our team will assist our international clients in applying for financial licenses or work permits in Hong Kong.
Over the years, Hong Kong has become one of the most popular countries to set up an offshore company. This is mainly due to its reputation and the straightforwardness of the process to register a company in Hong Kong. A Hong Kong offshore company is perfect for offshore banking, international trade, and asset protection.
With our lean-and-mean mentality, you can rely on our team of experts to provide you a seamless experience throughout the whole process of company registration in Hong Kong. Our ultimate goal is for your Hong Kong company to be operationally ready within the stipulated time frame.
Our Service Package Includes
Company registration with Hong Kong Authority
Company Secretary & registered address
Opening a corporate bank account
Accounting & tax obligations services
Can Foreigners Register a Company in Hong Kong?
Yes, they can. While there are official requirements for the country of origin of the directors and shareholders, the Companies Ordinance and Companies Registry CR ensure that your entity must first have a registered address, company secretary, and an approved business name. You will also need to go through rounds of KYC checks to confirm your company’s compliance.
Timelines to Register a Hong Kong Company
Block3 Finance will complete the process to register a company in Hong Kong within 1 week after receiving the required due diligence documents. Our team will submit a quality incorporation form and register the Hong Kong company without requiring our international clients to travel.
Once the company is registered, Block3 Finance will courier the business registration certificate and certificate of incorporation to our clients.
Within 4 weeks after the company is incorporated, Block3 Finance will advance corporate bank account opening with a reputable Hong Kong bank such as Citibank, HSBC, or Hang Seng Bank. Alternatively, some of our international clients choose to open multi-currency business banking accounts with overseas banks in Singapore or Switzerland.
All in all, our international clients can expect to start operations in Hong Kong within 5 weeks upon engaging Block3 Finance.
How to Register a Company in Hong Kong?
Our team of dedicated professionals has summarized the prevalent steps that take place for company registration in Hong Kong. We recommend you read through the steps to get an overview of the process.
Step 1: Choosing an Optimum Business Structure: Before company formation, it is essential to choose the correct type of company. Based on your business structure and long-term goals, Block3 Finance will advise you on the most optimum business entity, paid-up share capital, corporate structure, and relevant licenses if applicable.
Step 2: Reservation of Company Name: Before Block3 Finance proceeds to register a company in Hong Kong, we will search and reserve your company name through the Hong Kong Companies Registry. Our team will reserve your company’s name for up to 30 days.
Step 3: Preparation of Documents Required to Register a Company in Hong Kong: All companies in Hong Kong require a Memorandum of Association and Articles of Association to be incorporated. Block3 Finance will assist in drafting the Memorandum of Association, which includes the company’s name, registered address, business objective, amount of registered share capital, and personal information about the applicant. We will also draft the Articles of Association based on your business plan. In addition, documents needed for the KYC information check during the incorporation process include passport copies, proof of address, and other valid proof of identity documentation of the Hong Kong shareholders or directors.
Step 4: Filing for Registration: Block3 Finance will provide you with a registered secretary and registered address as mandated by corporate laws in Hong Kong. We will then proceed to register the company with the Hong Kong Companies Registry. After receiving approval, Block3 Finance will courier the Hong Kong Business Registration Certificate, Memorandum and Articles of Association, and other documents to your preferred address.
Step 5: Corporate Bank Account Opening: After registration, Block3 Finance will assist you in opening a corporate bank account. Our team has established partnerships with multiple reputable banks in both Hong Kong and globally. We will present your business to each relationship manager and compliance team to find the one most suitable for your unique needs.
Typically, the account opening will take roughly 4 weeks. In most cases, the directors and shareholders are not required to travel. However, if travel is required, we will have a representative accompany you to the bank meeting. Alternatively, our team will negotiate with the banks to conduct a conference call instead or request a waiver.
Once your account has been successfully opened, Block3 Finance will courier the internet banking token and access codes to your preferred address.
Step 6: Financial Reporting and Taxation Obligations: After successful incorporation, Block3 Finance will continue to provide you with the necessary accounting and tax services to ensure that you can continue to legally conduct business while staying compliant with regulatory obligations. Our team of dedicated consultants will prepare your firm’s financial statements, corporate tax returns, and manage bookkeeping on your behalf. We will also assist you to apply for any relevant financial licenses or work permits in Hong Kong needed for your business to begin operations.
Advantages of Registering a Company in Hong Kong
Business setup in Hong Kong is straightforward, and the country is ranked as one of the easiest jurisdictions to do business in. The Hong Kong government is open to the idea of foreign directors and shareholders, and there is no need to attain any special approval during the process of company setup.
No Minimum Paid-Up Share Capital: Hong Kong requires minimal paid-up share capital for a limited company.
Corporate Tax Rate of 16.5% – one of the lowest in the world.
Tax Exemption for Offshore Companies: Hong Kong offshore companies earning income from overseas are legally tax-exempt.
Disadvantages of Registering a Company in Hong Kong
Corporate Bank Account Opening: International clients may be required to travel for a face-to-face meeting with bankers.
Political Instability: Recent protests and riots in Hong Kong have affected its stability, though it remains a leading financial hub.
Looking to Register a Company in Hong Kong?
Block3 Finance will be your one-stop solution for all your queries concerning how to open a company in Hong Kong. Our services include company formation, registered agent, registered address, and business bank account opening.
Contact us to find out more about how to set up business in Hong Kong. Our team of experts will revert within the next 24 hours
