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Company Registration in Hong Kong

🍓 Why Hong Kong is Conceptually Better Than Other Jurisdictions for Business

  • Very few taxes
  • Fast registration - 5 working days
  • No requirements for physical presence in Hong Kong
  • Low company maintenance costs
  • Fully remote management of the company and bank account
  • International business prestige
  • Political neutrality
  • A trading company is suitable for any type of activity, no need for a business license for operations

🍓 Taxes, Reporting, and Audit

  • VAT: 0%
  • Dividend tax: 0%
  • Corporate tax on profits from activities outside Hong Kong: 0%
  • Corporate tax on profits from activities inside Hong Kong: 8.25% on profits up to HK$2 million (approximately US$250,000), 16.5% on any subsequent profits
  • Profit is considered earned in Hong Kong based on the presence of: a Hong Kong office, a Hong Kong counterpart, or employees from Hong Kong. If none of these criteria are met, profits are considered to be earned outside of Hong Kong
  • The auditor handles all tax reporting submissions
  • Only scanned bank statements from the company’s accounts need to be provided to the auditor
  • No need for accounting services

🍓 Costs and Timing

  • Company registration in Hong Kong costs US$1,900, including a virtual office and corporate secretary services for 1 year;
  • Annual company maintenance includes two components:
    • Office renewal and corporate secretary (up to US$1,000 per year)
    • Audit (ranging from US$2,400 to US$6,000 per year)

🍓 Banking

Opening a bank account in Hong Kong is only possible with substance in Hong Kong, which results in losing tax benefits. Therefore, we offer banking options outside of Hong Kong:

  • Mainland China (Bank of China, CZCB): A universal option, including for trade with Russia;
  • Switzerland (CIM Bank): Premium banking for international companies with beneficiaries outside Russia;
  • United Kingdom (Equals): Reliable and affordable operational banking for international companies;
  • Offshore banking (EQI Bank): For cryptocurrency operations and indirect settlements.

🍓 Cash-in

  • Sale of goods and services (VAT-free)
  • Loans from directors, shareholders, and third parties
  • Sale of shares and issuance of bonds
  • Shareholder contributions to the company’s capital
  • Sale of cryptocurrency

🍓 Cash-out

  • Director’s expenses, client entertainment (including hotels and restaurants)
  • Advertising expenses (including GoogleAds without 20% VAT)
  • Dividends

🍓 Assets

  • Any currencies, cryptocurrencies
  • Company shares, client debts
  • Gold
  • iPhones, MacBooks, furniture, art objects
  • Cars, yachts
  • Real estate (including rentals anywhere in the world)