Formation Company in Hong Kong

Company Formation in Hong Kong Steps:

Company name searches (it will enquiries in HongKong,JUST 15MIN) ;

Submitted Company Incorporation Form;

Signing of the agreement;

Down Payment (50% PAID BEFORE and Hong Kong Government shall charge 0.1% Stamp Duty) ;

All shareholds signing Procurable are registered documents in complete sets;

Sent all Procurable are registered documents in complete sets, including:

· Certificate of Incorporation: Business Registration Certificate

· 20 copies of the Company's Articles of Association

· The Company's steel seal

· The Company's pre-inked chop

· Stock certificate book

· Copies of documents filed with Government, for example, the Notice of Appointment of the first director, Notice of Acceptance of Director and Notice of Registered Address, etc.

Offshore companies in Hong Kong may bring a number of benefits:

Business Environment

Being the centre of Asia, Hong Kong is also the most internationalized city in Asia. It is always a dynamic metropolis known for its cultural mix of east and west. As the freest economy in the world, Hong Kong has a sound legal system, free flow of capital, a simple and clear tax system, low tax rates and complete infrastructure, in short, providing a business environment of fair competition for investors both home and abroad.

Diplomacy

At present, 58 countries have set up consulates in Hong Kong, and 54 countries have set up designated consulates in Hong Kong, facilitating international trades and citizen travel.

Legal system

The legal system in Hong Kong is based on common law, and is supplemented by the local laws. The legal system of Hong Kong exercises the principle of judicial independence. The law officers are not influenced by the administrative organ of the government or the legislature, when performing their duties.

Tax system

Income tax : the tax rate is 17.5%, one of the lowest around the world.

Duty : All goods are exempt from the duty except for imported cigarettes, wine, hydrocarbon oil and methanol.

Salary tax : the tax rate ranges from 2% to 20%, which is one of the lowest around the world.

Exchange control

There are no exchange controls in Hong Kong, and the foreign exchange market is developed with active trading. In addition, Hong Kong is the sixth largest foreign exchange trading centre, with a state-of-art foreign exchange clearing system.

Banking services

Hong Kong is one of the cities with the most bank institutions in the world. Among the top 100 banks around the world, 74 have a presence in Hong Kong. There are 110 bank branches per 100 km2, it's the greatest density in the world.

Transportation

Hong Kong has an extensive transportation network comprising the airport, railways, highways, container terminals, inland terminal depots and trans-boundary transportations. The complete transportation infrastructures closely connect Hong Kong and mainland China to the world, contributing to the development of trade and logistics.

Requirements for incorporating a limited company in Hong Kong:

A) One shareholder and director above 18 years or more

B) Chinese resident or overseas person holding passport or ID card can incorporate a Hong Kong Limited Company.

C) Additionally, a Hong Kong address must be supplied to be the registered address and a Hong Kong resident or professional company must be act as statutory secretary of the Company. QIDE can provide registered address and Corporate Secretarial services

D) The standard capital requirement is 10,000 Hong Kong dollars

http://www.hkcren.com/ offers company formation services such as Hong Kong offshore company, BVI company, UK Private Limited Company, and so on.