Hong Kong Non-resident Company Formation
Hong Kong operates under a distinct legal system, separate from the legal framework of mainland China and the Chinese civil law system. Instead, it inherits its legal foundation from the British Common Law, which was firmly established prior to 1997. The guiding principle is the establishment of an autonomous judicial system, upholding the Rule of Law, rather than Rule by Law, as a safeguard against government interference.
Renowned as one of the world’s foremost international financial hubs, Hong Kong boasts a thriving capitalist service-based economy characterized by its commitment to low taxation and the principles of free trade.
The ascent of Hong Kong as an International Financial Center (IFC) traces its roots back to the 1950s, evolving steadily to become a pivotal component of the island’s economic landscape. It stands as a vital hub for international finance and trade, hosting one of the highest concentrations of corporate headquarters in the Asia-Pacific region.
It’s important to note that Hong Kong Non-resident Companies do not fall under the classification of offshore companies, as there is no offshore-specific legislation in Hong Kong.
All companies, including Hong Kong Non-resident Companies, are established and regulated under the same legal framework, regardless of whether they conduct business within Hong Kong or beyond its borders.
Furthermore, it’s crucial to highlight that Hong Kong Non-resident Companies that do not generate income from sources within Hong Kong are exempt from taxation, making them an attractive choice for international businesses seeking tax-efficient solutions for their operations.
For additional information about Hong Kong Non-resident Companies, you can check the site Consil Formation.
Advantages of Hong Kong Non-resident Company Formation:
If you are interested in the Hong Kong N0n-Resident Company Formation, you can contact us any time.
Summary of Hong Kong Non-resident Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Company |
| Corporate Legislation | British Common Law |
| Taxation | For Non-resident sourced activities - Corporation Tax – 0% Tax on Dividends – 0% Territorial taxation system 0% for non-residents that do not derive any income from sources in HK. Corporate tax rate 16.5% |
| Currency | Standard Currency HK$ Share Capital can be in USD or any other currency |
| Paid up capital requirement | No paid up capital required(1 HK$) |
| Time zone | GMT+8 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Yes (included and provided by Consil Formation) |
| Local Secretary required | Yes |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | HK$ |
| Standard Authorized Capital | 10.000 HK$ |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | Yes (can be completed by Consil Formation) |
| Accounts public accessible | No |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Hong Kong Non-resident Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.