Registering a company in Hong Kong allows one person to establish a one person limited company, meaning that there can be only one shareholder who can also serve as a director of the company.
Registering a Hong Kong company usually requires the following materials:
1. Company name: It is necessary to check the availability of the name and avoid duplication with the registered company name.
2. Identity documents of shareholders and directors, such as copies of ID cards, passports, etc.
3. Registered address: An address in Hong Kong must be provided, which can be a commercial address or an address provided by the registration agent.
4. Statutory Secretary: Hong Kong companies must appoint a statutory secretary, who can be a local individual or professional secretary company in Hong Kong.
Registering a Hong Kong company has many advantages, such as:
1. Tax incentives: Hong Kong has a simple tax system and low tax rates, with a corporate profits tax rate of only 16.5%.
2. High international reputation: Hong Kong is an international financial and trade center with a favorable business environment and international reputation, which helps to enhance the company’s image and expand into international markets.
3. Free flow of funds: Hong Kong does not have foreign exchange controls, and funds can freely enter and exit, making it convenient for enterprises to engage in international trade and investment.
4. Wide business scope: Hong Kong companies have virtually unrestricted business scope and can engage in various businesses.
