Hong Kong Company Incorporation

Hong Kong is a metropolitan integrating opportunities, creativity and entrepreneurial spirit, and it has been rated "the world's freest economy" for 24 consecutive years by the Heritage Foundation. As an international financial centre, Hong Kong is favored by worldwide investors due to its established legal system, simplified taxation system, low taxation rate, well-equipped infrastructure and communication facilities, and high quality professionals. Hong Kong offers unlimited business opportunities, and serves as a platform to global economy and commerce, whose advantages are well known, so tens of thousands of international businesses benefit from setting up a company in Hong Kong. WFOE-Express is able to offer expert services to help your business with Hong Kong company registry.

Sound legal system
Gaining international credit by making use of Hong Kong's reputation
As an international financial centre, Hong Kong has multiple financing channels
With the absence of foreign exchange controls, funds can be circulated freely; foreign currencies can be exchanged and transferred as needed, and credit operations can be handled conveniently and quickly
Simplified taxation system, low taxation rate (Only profits tax is involved. The standard rate of profits tax is 16.5%, while the first HK$2 million profit enjoys a preferential tax rate of 8.25%)
Tax needs to be declared just once per year

General Requirements

There shall be at least one shareholder and director over 18 years old
One legal secretary (position taken by a Hong Kong permanent resident or Hong Kong company)
There shall be one registered address in Hong Kong

Registration Form and Time to Take

E-filing incorporation (requires 1 working day)
Registration of a new limited liability business with company register (requires 5-6 working days or so) (after the particulars are fully collected and due diligence is passed)
Purchasing a Shelf Company (requires 2 working days or so) (after the particulars are fully collected and due diligence is passed)

Required Information

Chinese and English names, or single Chinese or English name of the company
Copies of ID cards or passports of shareholders and directors
Registered address of the company (if unavailable, we can provide one for you.)

Hong Kong Bank Account Opening Service

WFOE-Express has established a strong business relationship with Hong Kong’s international banks and courteously provide bank account opening service in Hong Kong. We will handle for enterprises the formalities for opening bank accounts with international banks in Hong Kong and assist them in making appointments with banks and the preparation for relevant documents needed, depending on the actual circumstances of such enterprise . The documents needed may include certified documents from accountants (issued by certified public accountants of Hong Kong), business licenses, director’s declarations and minutes of the board of directors.

Advantages of Opening Bank Account in Hong Kong

No restriction on foreign exchange remittance, free transfer of funds
Convenience in settlement of international trades
No interest tax with a higher actual revenues of deposits
Free conversion of currencies
Convenient daily account operation and online bank transactions
Convenience in getting trade financing from international banks

Required Documents

Company registration particulars, such as Company Registration Certificate, Business Registration Certificate, Articles of Association, Incorporation Form or Annual Return, etc.
Identification of shareholders, directors and signers and proof of address in the last 3 months
Business certification particulars, such as orders, purchase and sales invoices, contracts, bills of lading, etc.
Registration particulars of affiliated company
Personal and affiliated company’s bank transaction records in the last 3 months
Visa or Master credit cards

Hong Kong Bank Account Opening Service

As one of financial centers in the world, Hong Kong is an ideal place for making investment and opening bank accounts for investors. However, banks have different requirements on the formalities for and necessary information on opening accounts. A company’s director may have to spend additional time in making enquiry to the bank for this as he may fail to provide necessary information or is unfamiliar with the procedures for bank account opening, which may cause a waste of time for them.
WFOE-Express has established a strong business relationship with Hong Kong’s international banks and courteously provide bank account opening service in Hong Kong. We will handle for enterprises the formalities for opening bank accounts with international banks in Hong Kong and assist them in making appointments with banks and the preparation for relevant documents needed, depending on the actual circumstances of such enterprise . The documents needed may include certified documents from accountants (issued by certified public accountants of Hong Kong), business licenses, director’s declarations and minutes of the board of directors.

No restriction on foreign exchange remittance, free transfer of funds
Convenience in settlement of international trades
No interest tax with a higher actual revenues of deposits
Free conversion of currencies
Convenient daily account operation and online bank transactions
Convenience in getting trade financing from international banks

Advantages of Opening Bank Account in Hong Kong

No restriction on foreign exchange remittance, free transfer of funds
Convenience in settlement of international trades
No interest tax with a higher actual revenues of deposits
Free conversion of currencies
Convenient daily account operation and online bank transactions
Convenience in getting trade financing from international banks

Required Documents

Company registration particulars, such as Company Registration Certificate, Business Registration Certificate, Articles of Association, Incorporation Form or Annual Return, etc.
Identification of shareholders, directors and signers and proof of address in the last 3 months
Business certification particulars, such as orders, purchase and sales invoices, contracts, bills of lading, etc.
Registration particulars of affiliated company
Personal and affiliated company’s bank transaction records in the last 3 months

Methods of Opening Bank Account in Hong Kong

By visiting a bank in person: The directors visit a bank in Hong Kong in person. Under normal circumstances, the signature documents required for opening an account can be completed on the same day. The account opening is expected to be completed within 20 working days (specifically depending on the bank’s approval time).
By video conference: The directors visit the Hong Kong banks branch in mainland China. The process is witnessed by the staff of the branch. It takes 30 working days to open an account (specifically depending on the bank’s approval time).