FAQs on Company Incorporation

FAQs on Company Incorporation

What documents do I need to send in order to incorporate a Hong Kong company?
What documents do I need to send in order to incorporate a Hong Kong company?

  • Copy of your passport/HK ID Card
  • Copy of your residential address proof such as utility bill, cable bill and etc.
  • Completed incorporation details form listing information about the proposed company such as proposed company name, shareholders, directors and etc.

What is required to open a Hong Kong company?
What is required to open a Hong Kong company?

  • 1 director (no restriction on nationality)
  • 1 shareholder (no restriction on nationality)
  • 1 company secretary ( it is required, we can serve as your nominal company secretary)
  • 1 registered address
  • Minimum one share to be issued
  • Completed NNCI and IRB1 forms

How much do I have to pay on delivery of an application for incorporation of a local company?
How much do I have to pay on delivery of an application for incorporation of a local company?

The application fee for incorporation of a local company having a share capital is HK$1,720.

The registration fee for incorporation of a company limited by guarantee is calculated according to the number of members stated in the Incorporation Form (Form NNC1G) of the company. The registration fee is HK$170 (for number of members not exceeding 25 ), HK$340 (for number of members exceeds 25 but does not exceed 100 members), and HK$20 for every additional 50 members or less after the first 100 members. This registration fee is subject to a maximum fee of HK$1,025.

How long does the Hong Kong company formation procedure take?
How long does the Hong Kong company formation procedure take?

In most cases, it takes about 5-7 working days to incorporate a company in Hong Kong. However, if you are located overseas, it may take longer owing to the logistics of signing and couriering the relevant company formation documents.

Is a local registered office required for a Hong Kong company?
Is a local registered office required for a Hong Kong company?

Every Hong Kong incorporated company must have a registered office in Hong Kong from the date of its incorporation. This is the company's legal address for notices and proceedings and can be different from its business address.

Can I form a company with only one person?
Can I form a company with only one person?

Yes, the minimum is one shareholder/director. Your company must have a director and a secretary (secretary must be either a Hong Kong resident or local incorporated company). The director also serves as a member of the company.

What are yearly and other requirements?
What are yearly and other requirements?

  • Annual return (includes list of officers & directors) must be filed within 42 days of the anniversary of initial registration date, along with a $25 USD fee
  • Inland Revenue Department tax filing for newly incorporated companies falls due 18 months after the incorporation date
  • Initial annual audit must be filed within 18 months after incorporation date, unless the company has unlimited liability
  • An Annual General Meeting (AGM) must be held within 18 months of incorporation, at a time and place the directors announce
  • The Business Registration Certificate must be renewed one to three years post-incorporation, depending on the Certificate issued

Are Hong Kong companies required to file annual accounts?
Are Hong Kong companies required to file annual accounts?

As per Hong Kong company formation laws, every company formed in Hong Kong, unless specifically exempted, must file its audited accounts with the Inland Revenue Department of Hong Kong along with its profits tax return on an annual basis. The auditor must be a member of the Hong Kong Society of Accountants and must hold a practicing certificate.

What are the annual filing requirements for companies incorporated in Hong Kong?
What are the annual filing requirements for companies incorporated in Hong Kong?

  • Annual return filing for Hong Kong company registry
  • Annual tax return filing with Inland Revenue Authority of Hong Kong

Can a foreigner/Hong Kong non-resident incorporate a company in Hong Kong?
Can a foreigner/Hong Kong non-resident incorporate a company in Hong Kong?

Absolutely! Shareholders and directors don’t have to be Hong Kong nationals or need to reside in Hong Kong.