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Hong Kong Company Registration

How can Woodburn help you?

 

We are a premier partner for businesses embarking on the journey of company registration in Hong Kong, offering comprehensive solutions tailored to meet the diverse needs of clients. With a deep understanding of the local regulatory landscape and business environment, we provide invaluable guidance and support to navigate the complexities of registering a company in Hong Kong; one of Asia's leading business hubs.

Advisory on the Hong Kong Company Structure

We can reliably assist you in navigating the process of registering a new company in Hong Kong, whether you are expanding from overseas or are a local resident. You have several structures to choose from, however, a private limited company is the most common form of business in Hong Kong. It provides a separate legal entity and limited shareholder’s liability to his subscribed capital. We can provide advice on a wide range of topics, including the optimal business structure, capital investment, options for full foreign ownership, shareholder requirements, and more.

Same day registration

We offer a fast and hassle-free Hong Kong company registration service, setting up your business faster than most service providers in the market.

Prepare Incorporation Documents

We prepare the necessary incorporation documents, including the Articles of Association, Form NNC1 (for company incorporation), and Form IRBR1 (for business registration). These documents must be submitted to the Hong Kong Companies Registry for registration.

Submit Documents to Hong Kong Companies Registry

We file the incorporation documents with the Companies Registry either online or by mail. Along with the incorporation documents, you will need to pay the requisite registration fees.

Apply for Business Registration Certificate 

After company incorporation, we apply for a Business Registration Certificate (BRC) from the Inland Revenue Department (IRD). The Hong Kong BRC is required for conducting business in Hong Kong and must be renewed annually.

Comply with Ongoing Requirements
After company formation, we ensure compliance with ongoing requirements such as annual filing of financial statements, holding annual general meetings, maintaining statutory registers, and renewing business registration annually.

 

Open bank accounts with just a few clicks

Through our online system, you can directly link up to our strategic partners (HSBC, DBS, Airwallex and WorldFirst) for account opening and arrange meetings with bankers.

 

Dedicated to help your business grow

We are a team of Chartered Company Secretaries (CCS), Certified Public Accountants (CPAs), and tax experts with over 50 years of experience in setting up company in Hong Kong. We assign a dedicated Relationship Manager to your company and personalize solutions for your business needs. We provide services ranging from company secretary, accounting, auditing to cloud management systems.

Elevate your business game with our lightning-fast, hassle-free services crafted specifically for busy corporates and entrepreneurs like you! Transform your operations in Hong Kong effortlessly with our expert solutions by your side. Don't settle for anything less than excellence—reach out now and experience the difference!

Before setting up a company in Hong Kong you need to:

Choose a company name

01

Select a unique company name that complies with Hong Kong's naming regulations. The name should not be identical to any existing company name in Hong Kong and should not contain sensitive or restricted words.

Appoint Directors and Shareholders

02

Decide on the directors and shareholders of the company. Hong Kong companies must have at least one director (who can be an individual or a corporation) and at least one shareholder. Directors and shareholders can be of any nationality and do not need to be residents of Hong Kong.

Choose your Registered Office Address

03

Select a registered office address for the company in Hong Kong. This address will be used for official correspondence and must be a physical address, not a P.O. Box.

Appoint a Company Secretary

04

Decide on a company secretary who must be a resident of Hong Kong or a registered office or a licensed trust or company service provider. The company secretary is responsible for ensuring compliance with statutory requirements.

Allocate your paid-up capital

05

Determine the initial capital shareholders will contribute. In Hong Kong, except for regulated industries, there’s no minimum requirement for share capital, allowing incorporation with just HK$1.

Choose a bank

06

Our recommendations for a DigiBank are: WorldFirst and AirWallex. If you wish to open with a traditional bank as well, our recommendations would be HSBC, DBS, CitiBank and HangSeng Bank. There are no legal restrictions preventing foreigners from opening an individual bank account in Hong Kong. However, banks will inquire about the purpose of the account and the reasons for needing one in Hong Kong. It is generally easier for a Hong Kong limited company, even if owned by a foreigner, to open a bank account in Hong Kong. Banks will request information about the business background of the owner, the planned activities of the limited company, and evidence of the owner's existing business operations (such as an overseas company).

Ready to take your business to the next level?

Register your company in Hong Kong today and leverage the benefits of one of the world's leading business hubs! With our expert guidance, we ensure a seamless setup process, full compliance with local regulations, and ongoing support tailored to your business needs—contact us to get started!

How to get started with Woodburn

Schedule a 30-mins complimentary, no-obligation call to see how Woodburn can help you with your Hong Kong Company Registration.

In this call we will discuss:

  • The process to setup a Hong Kong company

  • The minimum requirements to setup the company

  • Woodburn's advantage

  • Our Hong Kong Company Registration service fees

  • And the next steps

Our calls are automatically scheduled via Zoom. We can schedule the calls via Teams, WeChat or WhatsApp upon direct request. 

Our calls are available from Monday-Friday from 8am to 5pm CEST and Wednesday until 9pm CEST (for those based in the Americas).

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