Situated at the crossroads of the APEC region and serving as a gateway to Greater China, Hong Kong offers exceptional business prospects. Its tax-friendly regime, common-law-based legal framework, stable economy, influential consumer market, highly educated workforce, widespread English proficiency, and supportive business schemes create an ideal environment for swift and successful startup ventures. With an abundance of lucrative opportunities, Hong Kong beckons entrepreneurs from around the globe.

The Hong Kong Companies Ordinance imposes no limitations on the nationality of company shareholders or directors. Residents of Hong Kong, China, or overseas, aged 18 or above, holding valid passports or ID cards, can assume the roles of shareholders or directors in a Hong Kong limited company. As a foreigner, you have the option to be the sole director or appoint someone else. There is no requirement to have a local director, and shareholders or directors can be of any nationality, providing flexibility for business ownership.

Certainly! It is permissible for a limited company to assume the role of shareholder or director in another limited company. However, it is essential that each company appoints at least one individual director who is at least 18 years old and possesses a valid Hong Kong Identity Card (HKID) or passport, regardless of their nationality. This requirement ensures the presence of a natural person in a directorial capacity.

Upon the successful completion of incorporation documents, customer due diligence, and name check, our efficient Company Secretary team can swiftly establish a new company for you in less than one business hour. Please note that the actual duration may vary based on document availability, provided details, and the operating hours of the Company Registry. Typically, the process concludes within two working days, resulting in the issuance of the necessary company licenses.

To proceed with the incorporation process, it is necessary for the shareholder(s), director(s), authorised signer(s), and significant controller(s) to submit their identification documents and proof of address. These documents can be conveniently verified through video conferences, ensuring a professional and streamlined procedure.

Regarding the opening of a bank account, certain banks may permit the verification of identities for shareholder(s), director(s), authorised signer(s), and significant controller(s) through video conference calls, specifically for major Chinese cities. However, for cities outside of China, it may be required for individuals to visit Hong Kong in person to initiate the account opening process.

A Business Registration Certificate is like a tax resident ID document, and every Hong Kong company must have one. It specifies most of your company’s details and is issued by the Inland Revenue Department (IRD).