Setting up a company in Hong Kong: a how-to guide
Hong Kong holds a special position in Asia. Although it is part of China, its tax system and international outlook differ from the rest of the country. The territory thus combines its own advantages with an environment conducive to trade with China and other Asian countries.
The advantages of a company in Hong Kong
Political and economic stability
Hong Kong benefits from political and economic conditions described as very stable.
Not on the OECD blacklist
Hong Kong is not presented as a tax haven and is not on the OECD blacklist.
Access to the Asian market
The region facilitates access to one of the most attractive markets in the world.
International trade
Hong Kong is a preferred location for international trade activities.
Offshore taxation
No corporate tax for offshore companies.
No customs duty
There is no customs duty.
Low charges
Employee and employer payroll contributions are very low.
International banks
Banks are internationally renowned and offer high-performance e-banking services.
Professional English
English is used in professional documents: practicing Chinese is not essential.
Common Law
Business formation is based on Common Law, which offers greater flexibility and transparency.
What is Common Law?
There are two main legal systems: civil law and Common Law, or common law. In Hong Kong, the rules are based on case law. The system is therefore less prescriptive and more flexible than in countries where civil law predominates, as in much of Europe.
A flat-rate support package for starting the business
Merritt has been supporting company formation projects in Hong Kong since 1998. The goal is to make the process easier while providing guidance on taxation, jurisdiction, bank accounts, and financial arrangements.
Creation and registration
Company formation and registration in the Commercial Register.
Opening a bank account
Assistance with opening a business bank account.
Administrative, social, and tax formalities
Assistance with the company's administrative, social, and tax procedures.
Personalized advice
Package providing personalized advice throughout the process.
Many opportunities to seize in the Asian market
Purchase and sale of goods
Business dealings with Asian partners are easier when the company is based in Hong Kong.
Better market knowledge
The Chinese market operates differently from the European market. A presence in Hong Kong makes it easier to understand local regulations and practices.
Attractive tax rules
Taxation and tax rules are among the factors that enhance the area's appeal.
Learn more about setting up a company in Hong Kong
The Asian market, setup costs, administrative procedures, opening a bank account, and financial arrangements are all matters to anticipate before launching a company in Hong Kong.
Company formation
Assistance with launching and registering the company.
Registered address
Establishing the company’s registered office in Hong Kong.
Bank account
Assistance with opening a bank account.
Formalities
Follow-up on administrative, social, and tax formalities.
Personalized advice
Consulting package for answering project-related questions.