
Fact File Supplied By:
Timothy Loh LLP.
Location
Hong Kong.
Time Zone
GMT +8.
Population
7.33 million (as of year-end 2022).
Capital
Hong Kong.
Airport(s)
Chek Lap Kok.
Language
Cantonese/ English.
Currency
HK$.
Political System
Elected Legislature.
Dialing Code
+852.
Legal System
Common law.
Centre's Expertise
All areas.
Personal income tax
15%.
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.
Exchange
None.
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.
Permitted Currencies
All.
Minimum authorised capital
No restriction.
Minimum share issue
No Restriction.
Shelf companies
Yes.
Timescale for new entities
Approximately four working days (for paper submission) or 1 hour (for e-submission).
Incorporation fees
About US$199 (e-submission) or US$221 (paper submission).
Annual fees
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
Minimum number
One.
Residency requirements
None.
Corporate directors
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.
Meetings/ frequency
Nil.
Disclosure
Yes.
Bearer Shares
No.
Minimum number
One.
Public share registry
Yes.
Meetings/ frequency
Annual general meeting required unless exempted or dispensed with.
Annual Return
Yes.
Audit Requirements
Yes.
Registered office
In Hong Kong.
Domicile issues
Nil.
Company naming restrictions
Please refer to https://www.cr.gov.hk/en/faq/local-company/company-name.htm