How to Form a Company in Hong Kong: A Step-By-Step Guide

Company Registration in Hong Kong

Accounting Services in Hong Kong

Freelance Professional Services in Hong Kong.

For many years, entrepreneurs and investors seeking to establish a presence in Asia have frequently been to Hong Kong. Hong Kong has a wealth of chances for both startups and established businesses due to its advantageous location, business-friendly environment, and strong legal system. We will walk you through the process of forming a corporation in Hong Kong.

Why Choose Hong Kong?

There are several reasons why Hong Kong is an attractive destination for company formation:

1. Strategic location: Hong Kong is located in the heart of Asia, making it an ideal gateway to mainland China and other Asian markets.

2. Low tax rates: Hong Kong has a simple, low, and competitive tax regime, with corporate tax rates capped at 16.5% and no Value Added Tax (VAT) or Capital Gains Tax.

3. Ease of doing business: The World Bank consistently ranks Hong Kong among the top economies for ease of doing business.

4. Robust legal system: Hong Kong’s legal system is based on English common law, providing a stable and transparent environment for businesses.

5. Free flow of information and capital: There are no restrictions on the movement of capital, no foreign exchange controls, and unrestricted access to international markets.

Steps to Form a Company in Hong Kong

1. Choose a company name

When selecting a company name, ensure that it is unique and does not infringe on any trademarks. You can check the availability of a company name on the Hong Kong Companies Registry website.

2. Register your company

To register your company, you will need to submit the following documents to the Companies Registry:

– Incorporation Form (Form NNC1 for a private company limited by shares or Form NNC1G for a company not limited by shares)

– A copy of the company’s Articles of Association

– A Notice to Business Registration Office (Form IRBR1)

You can submit these documents online via the e-Registry or in hard copy at the Companies Registry’s office. The registration process typically takes around one hour for online applications and four working days for hard copy submissions.

3. Obtain a Business Registration Certificate

Within one month of commencing business, you must obtain a Business Registration Certificate from the Inland Revenue Department. The certificate is valid for one year and is renewable annually.

4. Open a corporate bank account

After registering your company, you will need to open a corporate bank account in Hong Kong. Various international and local banks offer corporate banking services. Some banks may require an in-person meeting, while others allow for remote account opening.

### 5. Fulfill ongoing compliance requirements

Once your company is established, it is essential to comply with the ongoing statutory and regulatory requirements. These include:

– Maintaining proper accounting records

– Preparing annual financial statements

– Filing an annual return with the Companies Registry

– Holding an Annual General Meeting (AGM)

– Filing a profits tax return with the Inland Revenue Department


Forming a company in Hong Kong is a relatively straightforward process, but it is essential to ensure that you comply with all local regulations and requirements. By following the steps outlined in this guide, you can establish a successful business presence in Hong Kong and take advantage of the many opportunities available in this thriving business environment.