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Guest post by: Raymond Wong Become an Author

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As trade patterns shift eastwards, the world is looking at the Asia-Pacific region with new interest. Based in Hong Kong, an increasingly influential demographic, Asia Business Centre (Holdings) Limited is working enthusiastically to provide eminent business solutions to our clients all around the world. Being a cost-effective and diversified company formation provider and administrator, we assist small-to-medium sized privately owned companies to set up their companies and bank accounts in Hong Kong. The Business Advisor Award 2009 proves our excellence in providing Offshore company management solutions.

We recognize that each customer has individual requirements. We then offer a wide range of market entry, company formation and outsourcing services to organizations currently operating or looking to operate in Hong Kong and China tailored to your specific needs:

• Incorporation

• Corporate Compliance

• Accounting & Administration

• Tax Advisory

• Audit & Assurance

• Trade Finance

• Office Rental

• Virtual Office solutions

Formed by comprehensive and professional business solution provider, we are also able to provide our clients with professional directors, nominee shareholders, a company secretary, bank introductions, bank signatories, registered office facilities and the use of local office facilities in Hong Kong.

You can always count on Asia Business Centre (Holdings) Limited to deliver the best quality of service and real solutions for company incorporation and business development in Hong Kong as well as in China.

Registering a company in Hong Kong

Hong Kong contains infinite potential and unlimited opportunity, leads to the Asian regional gateways, brims with current relevance, fills modern business culture, and has rich culture and fine tradition. Hong Kong encourages innovative idea, widen the field of vision and develops unceasingly.

Hong Kong is a fusion opportunity, creative and enterprising spirit place, the power rushes, and vitality vigorous. Infrastructures achieve the world first-class level, Hong Kong is not only a transportation junction, but also the cultural gathering, located at the most superior position in Asia, with many talented person gathers here, they can help you to achieve the goal, achieves the ideal.

Thousands of international enterprises benefit from setting up branch in Hong Kong. Hong Kong is one of the most famous free economy systems in the world. It located at East Asia's core, a gateway to enter China. Hong Kong has many other advantages, including its infrastructures, the legal system, low tax rate and the high-tech working population. All this can explain why so many international enterprises choose Hong Kong as their Asia base.

Hong Kong's tax system is simple and clear, always enjoys the international esteem. The tax rate and the taxable item are the lowest and the least. Hong Kong taxation system is based on geographical, only those business activities take places in Hong Kong are taxable. This means even Hong Kong registered company, if they doing offshore business, then any profit earn from offshore business will not be axed in Hong Kong.

Basically, only corporation profit, salary and property rental income are taxable. Compare with other developed countries, Hong Kong overall tax rate indeed is much lower. Income and profit tax can be as high as 40% to 50%in many countries, but in Hong Kong, income and profit tax is only 17.5% or below. Only profit generate from Hong Kong trade, industrial or business activities are taxable, all profit generate outside Hong Kong are tax-free in Hong Kong.

Advantages and aims of formation

Establish Hong Kong Company, can enhance the enterprise image and the international standing, and improve client and the partner confidence.

Hong Kong Company can act as foreign contact point, this helps the enterprise to grasp world trade opportunity, leading other competitions, explore more business opportunities and enhance the company growth.

Registering a Hong Kong Company does not requires Hong Kong ID card, does not require resident in Hong Kong, no capital requires to transfer to Hong Kong and does not even need to show up in Hong Kong personally.

Opens an offshore bank account in Hong Kong, the enterprise can transfer fund freely, this provide a safe guard for international trade.

Hong Kong Tax bureau is based on zone origin principle. This means all profit generate in China is tax-free in Hong Kong.

Capital examination is not required for registering Hong Kong Company, registration capital can be increased freely, and they are not required to pay up.

Companies are free to do most of the business. Only a small group of business scope is restricted in Hong Kong. Publishing, cosmetics, medicine, auction, enterprise group, import and export, institute, food and so on can register in Hong Kong.

The main purpose for foreign investors to register a Hong Kong company, are publishing books and periodicals, doing international finance, improve international image, and attract investments.

Hong Kong Company Formation Detail



Background Information

Political stability: Stable

Legal system: Basic Law

Company type: Limited Company

Oversea profit: Tax-free

Chinese Company name registration: Possible

Company Set Up

No. of shareholder: At least 1

No. of shareholder: At least 1

Corporate director: Possible

Company Secretary: Necessary

Standard Share Capital: HK$ 10,000 (Additional 0.1% of actual share capital if excess)

Hong Kong Regulation

Local business address for company registration: Necessary

Local Company Secretary: Necessary

Local Director: Not necessary

Local meeting: Not necessary

Director List storage in Company Registration Office: Necessary

Shareholder List storage in Company Registration Office: Necessary

Annual Requirement

Annual Report: Necessary

Annual Auditing: Necessary

Advantages and aims of formation

Gateway to enter China

No minimum capital requirement

Profit tax is as low as 16.5%

No exchange control, free fund transfer

Only money generated in Hong Kong counts, other revenues are tax-free

Registration Process

Stage One: Company Name Search

Stage Two: Provide information about directors and shareholders (including address and passport or ID card copy); Confirm company structure, share allocation

Stage Three: Sign related government documents and make payment

Stage Four: We will inform you once the registration completed. We will arrange banker to setup business bank account. (from HSBC)

Our company kit includes:

1 Certificate of Incorporation

2 Business Registration

3 One year Company Secretary Appointment Documents

4 One Year Company Registered address Documents

5 5 Sets Company Memorandum and Articles

6 Company Chop 1 Set

7 Signature Chop 1 Set

Contact Us

Hong Kong Branch:

Address: 12/F., Eastern Commercial Centre, 397 Hennessy Road, Wanchai, Hong Kong, China

Hotline: (852) 2110 0908

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