Hong Kong incorporation fee & Aspire
cashback.
- Home
- Resources Hub
Everything You Need For Business Success
Discover the go-to place for exclusive resources, covering aspects that are most relevant to your business success.
Find The Resources You Need
From practical tips to deep insights, you can get it here. No more wasting time trying to figure it out yourself.
Guides
Easy-to-follow guides that motivates you to take action
Tools
Innovative tools designed to simplify your tasks and maximize efficiency
Articles
Practical takeaways to deepen your understanding in all areas of business
News
Be the first to know about latest trends and news from the business world
Announcements
Keep up to date with notice and announcements from BBCIncorp
Videos
Get fresh perspective from our collection of binge-worthy videos
Tap Into Topics That Matter Most To You
Whether you need to learn more about Hong Kong taxation or annual compliance, our library has you covered.
Simply browse categories to find what you’re looking for.
Frequently Asked Questions
Browse the list of questions below to find what you are looking for.
Yes. A foreigner is allowed to take up 100% ownership in a Hong Kong company and can be the sole director and shareholder.
All Hong Kong companies are required to file annual returns with the Companies Registry and the Inland Revenue Department. The accounting and auditing reports are included in the annual compliance obligations, regardless of where the business activities take place.
The company formation in Hong Kong can be done remotely with a professional service provider like BBCIncorp. You can have the digital corporate documents after a single day of registration.
The cost for incorporating your business can be various and depend greatly on your business types, capital structures, industries, etc.
Some businesses need significant initial capital to start, while others such as micro-businesses and home-based companies have lower financial entry barriers.
One common way to estimate your incorporation cost is by drafting a business plan. Within your plan, the financial section should show your approximate revenue, profit, and expenses.
There are other ways to estimate your finances as well, such as our Hong Kong Cost Planning Tool. The tool will help you break down all initial costs of your business, so you know how much capital you should prepare when incorporating.
Yes. Appointing a company secretary is a legal obligation if you wish to register a company in Hong Kong.
It normally takes only 1 working day for e-filing and registration.
- Minimum one director and one shareholder, which can be the same person.
- A local registered address in Hong Kong.
- A local company secretary, which can be a Hong Kong resident (above 18 years old) or a Hong Kong-registered company.
As Capital gains, Dividends, Interest incomes, VAT and Withholdings are tax-exempted in Hong Kong, a Hong Kong company needs to pay only corporate profits tax to the government.
The Corporate profits tax rate in Hong Kong is 8.25% for the first 2 million HKD of assessable incomes and 16.5% for the remainder.
An offshore claim is a process in which you prove your profits derived from sources outside of Hong Kong territory and is non-taxable in Hong Kong.
To be eligible for an offshore claim in Hong Kong, you need to meet the requirements from Inland Revenue Department. Generally, the requirements include, but are not limited to:
- Having no clients in Hong Kong
- Having no physical office and staff in Hong Kong
- Having no web hosting in Hong Kong
- Having no services, sales, and business performed in Hong Kong
- Having no warehousing and fulfilment in Hong Kong
Our Hong Kong Offshore Claim Tool can assist you to determine the tax status of your income types to ascertain your eligibility for making an offshore claim.
You can apply for Offshore status with Hong Kong Inland Revenue Department (IRD) as soon as you file an annual tax return for the first time. The process might take several months as IRD will raise questions for directors during the investigation. The Offshore Claim can be effective in 3 or 5 years; however, annual auditing is always compulsory.
In Hong Kong, licenses or permits are required for an employment agency, event-related activities, travel agency, education, restaurant, and retail shop, if the business is operated in Hong Kong.
A license is mandatory for a Hong Kong-based company with an insurance agency and financial services, regardless of where you run the business.
- Maintaining one director, and one shareholder;
- Maintaining local registered address and local company secretary;
- Renewal business registration certificate;
- Annual return filing;
- Tax return filing with audited financial statements.
If you are still worried about having to keep up with all the compliance and deadlines, our ComplyMate guide can help draw out the possible due date so you can plan out your whole business plan at ease.
Hong Kong is deemed among the most reputed financial centers in the world. There might be a long list of premium banks in Hong Kong that make you quite confused, some of the best banks in Hong Kong you should put into consideration list include HSBC, Citibank, Hang Seng bank, etc.
A minimum of one director and one shareholder are required. Moreover, at least one natural person must be appointed as a director. Corporate directors are only approved with specific conditions.
A person can be the sole director and shareholder of a company. But the sole director cannot be the company secretary of the same company.
Yes, information of directors and shareholders must be filed for registration with the Company Registrar. The company is also responsible for identifying the company’s significant beneficial owners and has to register with the Registrar.
There is no required minimum registered capital to open a Hong Kong private company, and the standard is HK$10,000.
Ordinary (registered shares), preferred shares, voting and non-voting shares, shares with no par value, redeemable shares, and shares with special voting rights.
Yes. Every entity must be attached to an identical business name. Your proposed name shall be rejected by the Company Registrar if it is found to be similar to other existing names in that jurisdiction of registration.
Naming requirements for registering an LLC can be varied according to each jurisdiction. Typically, the following criteria are applied widely in most incorporation countries:
- The name should not be the same as the name of other companies
- The name should not show offensive meaning or be opposed to the public interest as per the opinion of the Registrar
- The name should not contain in its name restricted words/expressions as prescribed in the company laws
The name must have suffixes corresponding to its type of business entity – i.e., “Limited” or its abbreviation “Ltd” for a limited liability company.
Trademark registration for your business name is a good choice if you want to add a stronger layer of protection to your registered company name.
You can try another entity name using our Free Entity Name Check to see if it is available. In case you need more practical advice on how to choose an eligible name, you can also talk to our consultants for help.
Outsourcing ensures legal compliance with IRD requirements, reduces operational costs, and provides scalable support as your business grows.
- Stay audit-ready and minimize compliance risks
- Scale easily without growing internal teams
- Gain expert insights for business growth
BBCIncorp combines personalized support with advanced technology and regional expertise to deliver high-quality accounting services.
- Dedicated account managers and responsive service
- Use of innovative tools like Xero for efficiency
- In-depth knowledge of Hong Kong regulations and APEC markets
- Multilingual team supporting cross-border clients
In Hong Kong, a company secretary is an officer responsible for ensuring regulatory compliance and proper governance of a company.
They play a vital role in maintaining the company's records and facilitating communication between shareholders, directors, and regulatory bodies.
A company secretary handles statutory compliance, maintains corporate records, convenes meetings, and assists in corporate governance matters.
Read our article for an in-depth look at the role of a company secretary in Hong Kong.
Yes, according to Section 474, Cap. 622 Companies Ordinance, every business entities in Hong Kong have to maintain a company secretary at all times. Appointing a company secretary is compulsory for any entrepreneur looking to set up a company in Hong Kong.
In Hong Kong, a company secretary can be an individual or a corporate entity.
A qualified individual, usually with legal or corporate governance expertise, can serve as a company secretary as long as they reside in Hong Kong.
A foreigner residing in Hong Kong can also hold the position of company secretary, provided they meet the requisite qualifications and responsibilities associated with the role, regardless of their nationality or residency status.
Yes, it is possible for an individual to hold the positions of director and company secretary simultaneously in a Hong Kong company.
However, it is important to note that a sole director of a private company cannot simultaneously act as the company secretary. In this scenario, the company must have at least two directors, allowing one of them to be appointed as the company secretary to comply with the regulations governing private companies in Hong Kong.
A fixed place of business includes, but is not limited to:
- a place of management;
- a branch;
- an office;
- a factory;
- a workshop; or
- a mine, an oil or gas well, a quarry or any other place of extraction of natural resources.
Though what are regarded as core or support activities varies by different e-commerce business models and products/services, the list below will provide you a good start for contemplation:
- Inbound logistics (e.g. material handling, warehousing, inventory control, and vehicle schedule and returns to suppliers).
- Operations (e.g. machining, packaging, assembly, equipment maintenance, testing, printing, and facility operations).
- Outbound logistics (e.g. finished goods warehousing, material handling, delivery vehicle operation, and order processing and scheduling).
- Marketing and sales (e.g. advertising, promotion, sales force, quoting, channel selection, channel relations and pricing).
- After-sale service (e.g. installation, repair, training, parts supply and product adjustment).
Likewise, support activities to some extent includes procurement, HR management, technology development, finance, accounting, or general administration function, etc.
A merchant account functions like a bank account.
Let's say a customer pays for your product or service with a credit card. This payment will first be deposited into your merchant account. From there, it will be transferred to your main business bank account.
On the other side, the payment gateway works like a platform for authorization. It processes transactions and direct payments from one account to another.
You will pay a small one-time application fee to open your account.
During the operation of your merchant account, you'll pay extra fees to service providers. These fees include:
- Monthly maintenance fee
- Transaction fee
- Credit card processing fee
- Equipment fee
BBCIncorp currently partners with Stripe and Paypal. They are both big players in the field and easy to work with.
It normally takes 1 to 2 working days to approve your merchant account.
To get a detailed quote and offerings, feel free to contact our customer service team or click the "Contact us for pricing" button at the top of the page.
If your requirements extend beyond these options, don’t worry—we provide fully customizable solutions and will work closely with you to create a package that fits both your needs and budget
The refund policy will be applied according to the Terms of Services and Legal Agreement. We are committed to addressing issues swiftly and upholding customer rights.
Need more support from us?
Stay in the know and be empowered with our strategic how-tos, resources, and guidelines.
