Company Formation in Hong Kong | Business Setup | ASC Consulting
Service Overview
Hong Kong, Asia’s Premier Financial Hub
Hong Kong offers one of the world’s most business-friendly environments, a low corporate tax rate of 16.5%, no capital gains tax, no VAT, and a common law legal system that provides certainty for international investors. As Asia’s leading financial centre and gateway to Mainland China, Hong Kong remains the preferred base for international companies establishing a regional presence in Asia Pacific.
ASC Consulting provides comprehensive company formation and compliance services in Hong Kong, from incorporating your Limited Company with the Companies Registry through to opening corporate bank accounts, filing annual returns, and managing profits tax obligations. Our team supports founders, SMEs, and multinationals in building compliant, scalable operations in Hong Kong.
IMPLEMENT
- • Incorporation
• Trademark, Intellectual Property & CopyRights
• Sourcing / QC
• CRM
THINK
DEVELOP
- • Distribution
• Funds raising
• Sell / purchase / stock in Europe
• Digitalize your business
What WE DO
- • Tax consulting (VAT, GST, Profit tax, ...)
• Hide the source of your goods
• Do business in China
• Set up structuring tools (Monday.com, Xero, ...)
RUN
- • Administrative services
• Tax Filing
• Temporary CEO / COO
• Recruiting
• System integration
Industry Insights
Hong Kong Business Setup: Industry Insights
Hong Kong saw over 14,000 new company incorporations from foreign investors in 2023. The most active sectors include financial services, trading and distribution, technology, and professional services. With CEPA agreements giving preferential access to Mainland China, Hong Kong also serves as an ideal entry point for the Greater Bay Area.
Despite geopolitical shifts, Hong Kong's rule of law and independent judiciary continue to attract international capital. The Capital Investment Entrant Scheme (CIES) and new talent admission programs further reinforce its status as a top relocation destination for entrepreneurs and executives.
Benefits
1–3 Day Incorporation: Companies incorporated within 1–3 business days via the Companies Registry e-Registry. Business Registration Certificate issued simultaneously.
Low Tax Rates: 8.25% profits tax on first HKD 2M, 16.5% thereafter. No capital gains tax, no VAT, no inheritance tax, no withholding tax on dividends.
100% Foreign Ownership: No local partner required. Full control of your entity from day one, with nominee director services available.
Gateway to Asia: Strategic hub with access to 45+ Double Tax Agreements. Direct connectivity to the Greater Bay Area and Mainland China markets.
World-Class Banking: Free capital flow, multi-currency accounts, and access to HSBC, DBS, Standard Chartered, and leading digital banks.
Process
How ASC Consulting Sets Up Your Hong Kong Company
- Discovery call (Day 1): We assess your business structure, identify the right company type (limited company, branch, or rep office), and confirm documentation requirements.
- Name reservation and incorporation (Day 1–3): We file with the Companies Registry. A Hong Kong limited company is typically incorporated within 1–3 working days.
- Post-incorporation setup (Week 1–2): We arrange company secretary services, registered address, Business Registration Certificate, and prepare your corporate kit.
- Bank account opening (Week 2–6): We introduce you to banking partners (HSBC, DBS, ZA Bank, etc.) and support the KYC/AML process.
- Ongoing compliance: Annual return filing, profits tax return, payroll management, and bookkeeping handled on your behalf.
Frequently Asked Questions, Hong Kong Company Formation
How long does it take to register a company in Hong Kong?
A private limited company can be incorporated within 1–3 business days through the Hong Kong Companies Registry e-Registry system. The Business Registration Certificate is issued simultaneously.
What is the minimum capital requirement to set up a company in Hong Kong?
There is no minimum paid-up capital requirement for a Hong Kong private limited company. Most companies are incorporated with a nominal share capital of HKD 1.
Can a foreigner be the sole director and shareholder of a Hong Kong company?
Yes. Hong Kong allows 100% foreign ownership with no local director requirement. However, you must appoint a licensed company secretary resident in Hong Kong, which ASC Consulting provides.
Do I need a physical office in Hong Kong?
No. A registered address (which ASC Consulting provides) is sufficient for company registration purposes. Many foreign companies operate virtually while using ASC as their registered address.
What taxes will my Hong Kong company pay?
Profits tax is 8.25% on the first HKD 2 million of assessable profits, and 16.5% thereafter. There is no VAT, capital gains tax, or withholding tax on dividends paid to foreign shareholders.
Getting Started
Embark on your Hong Kong business venture with ASC Consulting Limited. We provide end-to-end guidance, from legal procedures and taxation benefits to compliance requirements, ensuring a smooth and successful business setup in this thriving economy.
Our Main Places of Activity
ASC Consulting provides end-to-end company formation and compliance services in Hong Kong, from initial incorporation through to annual profits tax filing, payroll administration, company secretary services, and annual returns. Our team manages the full compliance lifecycle of your Hong Kong entity so you can focus on building your business.
With over 25 years of cross-border expertise between Europe and Asia, we advise multinationals, trading companies, and entrepreneurs across financial services, technology, and professional services sectors. Our specialists combine CPA expertise with practical, commercially-oriented advice tailored to your business model and Asia expansion strategy.
Explore our company formation services in other key markets: China · Singapore · Japan · Indonesia · France
Our Group
We are a privately owned Group that prioritizes the service to its clients, and values personal approaches as well. We have been founded by qualified professionals from legal/fiscal sectors with more than 25 years cross-border experience gained in Europe & Asia - giving them perfect understanding for tax environment where client operates both at home base country or when investing abroad.
