All inclusive of company setup management, preparation of Articles and Government fees worth HK$3,870
Including acting as Company Secretary and Designated Representative, preparation & filing of Annual Return & more
Collaborated with Airwallex and Neat to let you apply for a business banking account with ease
45-minute professional accounting and tax consultation
45-minute deep drive consultation on operation and cloud accounting
All inclusive of company setup management, preparation of Articles and Government fees worth HK$3,870
Including acting as Company Secretary and Designated Representative, preparation & filing of Annual Return & more
Collaborated with Airwallex and Neat to let you apply for a business banking account with ease
Pretigious business address in CBD area showing on electronic sign board
Mails and parcels with less than 30cm x 30 cm x 30cm or below 2kg handling with notification
45-minute professional accounting and tax consultation
45-minute deep drive consultation on operation and cloud accounting
Company kit set includes Article & Association, Share Certificates, Common Seal, Company Chops & Statutory Book
Liase and preparation of required registered Documents for the bank account setup
Designated and private business number with instant call forwarding to your dedicated personal number
Professional and courteous telephone answering message taking with E-mail notification
Hong Kong is a gateway to Greater China and the APEC region. As a strategic hub located at the region's crossroads, Hong Kong is a great place for business, as many investors and opportunities are attracted to this tiny city. The tax-friendly regime and common-law-based legal framework are two of the major attractions for foreign businesses that are keen to start a business here.
The stable economy, consumer power, well-educated workforces, widespread English, and business-friendly supporting scheme enable you to start up quickly and without delay. These factors offer plenty of lucrative business opportunities for everyone.
The Hong Kong Companies Ordinance has no restrictions on the nationality of company shareholders or directors. Hong Kong, Chinese, or overseas residents who are at least 18 years old and hold passports or ID cards can become shareholders or directors of a Hong Kong limited company. As a foreigner, you can be the solo director or hire someone else, whichever you prefer. You're not required to have a local director. You can be a shareholder as well; you just need to have at least one shareholder. Your shareholders or director can be of any nationality.
Yes. A limited company may act as the shareholder or director of another limited company. But each company should have at least one natural person as the company director who is 18 years old or older and holds a valid HKID or passport, regardless of their nationality.
Once all the incorporation documents, customer due diligence, and name check are complete, our Company Secretary team can handle setting up a new company for you within less than one business hour. However, the length of time will depend on the availability of your documents and details and the Company Registry's business hours. Normally, it takes up to two working days to complete and issue the company licenses.
For the incorporation, shareholder(s), director(s), authorised signer(s) and significant controller(s) are required to provide their identification documents and proofs of address. These documents can be professionally verified through video conferences.
In regard to opening a bank account, some banks allow a video conference call to verify the identities of shareholder(s), director(s), authorized signer(s) and significant controller(s) for some major Chinese cities. For other cities outside of China, the individual may need to come to HK to open the account.
It is very important for each new company in Hong Kong to have a business account. You can take various approaches to open an account in Hong Kong, either with traditional banks such as HSBC or DBS or online financial services such as Airwallex.
Those traditional banks value in-person meetings to help the business owner complete the application documents in the business account registration process. We're a strategic partner with HSBC and DBS, so you can simply go to our website (www.nova.com.hk), apply to open a bank account, and arrange a meeting with a banker online.
For online financial institutions, you can fill in the information on their website and go through the process online.
NOVA provides multiple banking partners to assist with your business needs.
A Business Registration Certificate is like a tax resident ID document, and every Hong Kong company must have one. It specifies most of your company's details and is issued by the Inland Revenue Department (IRD).
Besides the director and shareholder, you're required to appoint a legal representative and supervisor in a WFOE. Their responsibilities are as follows:
- The legal representative possesses the legal authority to execute the company's powers and duties, and he/she is accountable for them. Consequently, this individual is a key figure involved in all aspects of the company’s operations and serves in practice as one of the company’s executives. The legal representative serves as either the chairman of the board or the sole managing director.
- The supervisor monitors senior managers, activities, and performances. In order to avert a conflict of interest, the supervisors are not allowed to serve in any managerial position within the company. Therefore, at least two people are required for WFOE registration. However, shareholders and employees in lower positions, whether or not they reside in China, can act as supervisors.
Please confirm the assignment of director, shareholder, legal representative, and supervisor, as well as the district of the city where you want to register your PRC company. You also need to confirm the business nature of your company, state your company name, and determine the minimum amount of the registered capital and corresponding licenses, if required. For example, for a business of a consultancy nature, the required registered capital is RMB100,000, whereas an import and export company requires RMB1,000,000 and licenses. If the consultancy positions are foreign individuals or entities, you're required to prepare the corresponding jurisdiction's official notarisation. If they are Hong Kong individuals or entities, we can arrange the notarisation with PRC-authorised legal firms for you.
You don't need to visit PRC for the company registration, but you're required to take the key positions' original personal identification cards and passports for one or two working days to proceed with the registration. After the incorporation is complete, you're required to go to the PRC bank in person to open the account.
It is possible to open a Hong Kong bank account for your offshore company. However, due to the overseas jurisdiction, usually the banks require more detailed business references for verification such as the previous business history and source of funds. We can help you prepare and arrange your meeting with a banker to open your bank account.
You're required to complete the annual return to keep your offshore company alive. Some jurisdictions require the company to provide and update the economic substance and financial reports for filing annually. For details, please contact our relationship manager.
In most places, the laws regarding offshore incorporated companies don't require you to publicise the identity of shareholders and directors or other material information. Therefore, it is not available to the general public.