Fact File Supplied By:
Timothy Loh LLP.
7.47 million (as of end-2020).
Chek Lap Kok.
Personal income tax
Corporate income tax
8.25% on assessable profits up to HK$2 million; and 16.5% on any part of assessable profits over HK$2 million.
Tax Information Exchange Agreements
Denmark, Faroes, Greenland, Iceland, Norway, Sweden and USA.
Double Taxation Agreements
Austria, Belarus, Belgium, Brunei, Cambodia, Canada, Czech, Estonia, Finland, France, Guernsey, Hungary, India, Indonesia, Ireland, Italy, Japan, Korea, Kuwait, Latvia, Liechtenstein, Luxembourg, Macao (Pending), Mainland of China, Malaysia, Malta, Mexico, Netherlands, New Zealand, Pakistan, Portugal, Qatar, Romania, Russia, Saudi Arabia, South Africa, Spain, Switzerland, Thailand, United Arab Emirates, United Kingdom and Vietnam.
Minimum authorised capital
Minimum share issue
Timescale for new entities
Approximately four working days (for paper submission) or 1 hour (for e-submission).
About US$199 (e-submission) or US$221 (paper submission).
There are fees for business registration and filing returns. For business registration fees, please refer to https://www.ird.gov.hk/eng/pdf/brfee_table.pdf. For fees for filing returns, please refer to https://www.cr.gov.hk/en/faq/local-company/annual-return.htm.
Yes, for private companies which (i) are not members of a group of companies of which a Hong Kong listed company is a member, and (ii) have at least one other director who is a natural person.
Public share registry
Annual general meeting required unless exempted or dispensed with.
In Hong Kong.
Company naming restrictions
Please refer to https://www.cr.gov.hk/en/faq/local-company/company-name.htm