Hong Kong

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