Hong Kong

Hong Kong is a hybrid jurisdiction, because the legislative framework of this jurisdiction has taken all the best from the law system of United Kingdom and China. Hong Kong has a high reputation and reliability for creating a company and developing its business both in Europe, Asia and the Middle East.

Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a special administrative region on the eastern side of the Pearl River estuary in southern China. With over 7.4 million people of various nationalities[d] in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

Hong Kong is a highly developed territory, ranking seventh on the UN Human Development Index. The city has the largest number of skyscrapers of any city in the world and its residents have some of the longest life expectancies in the world.

 

Type of company Private Limited Company
Relevant Companies Law Companies Ordinance (1997 Version, as amended 2012)
Obligation to have the local office Hong Kong’s law requires companies to provide a local office address
Language of corporate documents Chinese and English with notary certification and apostil
Currency HKD
Corporate tax rate 0 % on income generated from outside Hong Kong
Standard share capital 10,000 HKD
Obligation to appoint company secretary Required
Obligation to appoint local secretary Required
Obligation to appoint company director Required
Obligation to appoint the local director Required
Minimum number of directors 1
Obligation to register shareholder Required
Minimum number of shareholders 1
Obligation to prepare financial reports /Obligation to submit financial reports Required/Required