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Hong Kong, the administrative region of China, consists of a mainland portion located on the nation’s southeastern coast and about 235 islands. Hong Kong is bordered on the north by Guangdong Province and on the east, west, and south by the South China Sea. Hong Kong was a British dependency from the 1840s until July 1, 1997, when it was passed to Chinese sovereignty as the Hong Kong Special Administrative Region (SAR). The British control of Hong Kong began in 1842, when China was forced to cede Hong Kong Island to Britain after the First Opium War.
In 1984, Britain and China signed the Sino-British Joint Declaration, which stipulated
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The Joint Declaration and a Chinese law called the Basic Law, which followed in 1990, allow for the SAR to operate with a high degree of economic autonomy for 50 years beyond 1997.
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Advantages of incorporating an offshore company in Hong Kong
| Allowed activities |
Trading, Consulting, Holding |
| No tax for incomes made out of Hong Kong |
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| Non-disclosure of director(s) |
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| Non-disclosure of shareholder(s) |
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| No Accountancy or audit Requirements |
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| Everything can be done from your country |
(but if you would like a bank account in Hong Kong, a short half day trip is required) |
| Only one director needed to form company |
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| Only one shareholder needed to form company |
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| Banking details kept confidential |
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| 100% foreign ownership of the company |
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| No minimum capital required |
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| Capability to obtain a UE VAT number |
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| Capability to apply for a financial license |
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| Network of non Double taxation treaties |
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Our Company Formation Pack includes:
- Search and reservation of the company’s name.
- Certificate of Incorporation (CI).
- Certificate of registration/registration forms of Hong Kong.
- Kit of society (including 24 copies of M&A, 2 tampons, 1 seal, 20 share certificates, 1 statutory book).
- Preparation and submission of the legal status of the company.
- Conventional copies notarized by our notary.
- Minutes of the first board meeting.
- Registered office (registered agent) fee for the 1st year.
- For a HK bank account, our agent will handle this.
- A short trip to Hong Kong is compulsory in order to open a local bank account (banks accounts to other destinations can be opened as well in case)
Bank Account Opening Requirements
Please note that all banks have the right to decline any bank account application. In the case of a rejection, we will try to open your bank account at another bank. If we are not able to successfully open an account at any bank (due to no fault of the client), we will refund your payment.
Copy of your passport or National ID Card
Proof of address / Utility bill (electricity, telecom) dated of less than 3 months
You resume/CV up to date with your academic and professional experiences
When possible a bank or accountant reference letter
Bank Account opening process:
- Account will be opened within 3 to 6 weeks weeks of document collection and submission to the bank
- Minimum deposit is between $ 500.00 to $ 1000.00 (depending on bank)
- Visa card/MasterCard available once you have funds in your account.
- Internet banking facilities provided (bank transfers, account checking)
Please note that all banks have the right to decline any bank account application. In the case of a rejection, we will try to open your bank account at another bank. If we are not able to successfully open an account at any bank (due to no fault of the client), we will refund the bank service fee.
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