Can A Foreigner Easily Start A Company In Hong Kong?

“Is it possible to establish a company in Hong Kong? Yes, absolutely! Hong Kong welcomes both individuals and organizations interested in setting up a business within its jurisdiction. To initiate this process, you’ll need a minimum of one shareholder, who can be either a local resident or a foreigner, as long as they are over 18 years of age. Additionally, it’s necessary to appoint at least one director, who can also be a local or foreign individual.”

Understanding the cost of starting a company in Hong Kong in 2023 involves several key components. First, there are one-off setup costs, which include services like a company secretary and a Hong Kong address for one year. These services typically amount to HK$8,500. Additionally, you’ll need to factor in the annual return filing fee, which is HK$105 for the 2023-24 period. Moreover, there’s the business registration fee, totaling HK$2,150. However, the costs associated with accounting, audit, and tax filing can vary and depend on the specific requirements and complexity of your business. It’s crucial to consider these various expenses when planning to establish a company in Hong Kong.

Starting a business in Hong Kong is an attractive prospect for entrepreneurs due to its cost-efficient business operations and streamlined registration process. One of the primary factors that make Hong Kong an enticing destination for setting up a company is the ease and affordability of registering a business. The incorporation process can be completed swiftly, typically within a week, which is advantageous for those looking to start their ventures promptly. Importantly, there is no mandatory requirement for a minimum share capital, providing flexibility and accessibility for aspiring business owners. As of February 8th, 2023, these favorable conditions continue to make Hong Kong a viable choice for entrepreneurs seeking to establish their businesses.

Corporate Hub Straightforward Pricing (2023 Updated)

One-off costs of setting up a Hong Kong company (including company secretary and Hong Kong address service for 1 year *)	HK$8,500
– 2023 NAR1 annual return filing fee **	HK$105
– 2023-24 Business registration fee ***	HK$2,150
– Accounting, audit and tax filing fee	Depends