Fact File

Fact File Supplied By:

Timothy Loh LLP.


Hong Kong.

Time Zone

GMT +8.


7.5 million (as of year-end 2023) [JLF: https://www.censtatd.gov.hk/en/].


Hong Kong.


Chek Lap Kok.


Cantonese/ English.



Political System

Elected Legislature.

Dialing Code


Legal System

Common law.

Centre's Expertise

All areas.

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.

Permitted Currencies


Minimum authorised capital

No restriction.

Minimum share issue

No Restriction.

Shelf companies


Timescale for new entities

Approximately 4 working days (for paper submission) or 1 hour (for e-submission).

Incorporation fees

About US$200 (e-submission) or US$220 (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


Residency requirements


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




Bearer Shares


Minimum number


Public share registry


Meetings/ frequency

Annual general meeting required unless exempted or dispensed with.

Annual Return


Audit Requirements


Recent Legislation

• The Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Ordinance 2023 was gazetted on 15 December 2023 to introduce a tax certainty enhancement scheme for onshore equity disposal gains with effect from 1 January 2024.
• The Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Ordinance 2023 was gazetted on 8 December 2023 to refine the existing foreign-sourced income exemption regime by expanding the scope of assets in relation to foreign-sourced disposal gains to cover assets other than shares or equity interests with effect from 1 January 2024.
• On 17 November 2023, the Stamp Duty (Amendment) (Stock Transfers) Ordinance 2023, which gave effect to the measure of reducing the rate of stamp duty on Hong Kong stock transfers to 0.1 per cent, came into operation.
• On 1 June 2023, the new licencing regime for centralised virtual asset trading platforms under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, came into operation.

Pending Legislation

• The Hong Kong Monetary Authority issued on 27 December 2023 a consultation paper on the legislative proposal for implementing the regulatory regime for stablecoin issuers in Hong Kong.

Registered office

In Hong Kong.

Domicile issues


Company naming restrictions

Please refer to https://www.cr.gov.hk/en/faq/local-company/company-name.htm