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 creation of a company and development of 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 in 1.104 km2 (426 sq. miles) 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|
|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|