Hong Kong Company Registration

How can Woodburn help you?

We are a premier partner for businesses embarking on the journey of company registration in Hong Kong, offering comprehensive solutions tailored to meet the diverse needs of clients. With a deep understanding of the local regulatory landscape and business environment, we provide invaluable guidance and support to navigate the complexities of registering a company in Hong Kong; one of Asia's leading business hubs.

Navigating the process of registering a new company in Hong Kong has never been easier with our expert assistance. Whether you're expanding from overseas or a local resident, we offer comprehensive support to establish your business. Here's how we can help:

Why Choose a Private Limited Company?
- Separate Legal Entity: Ensures your business is treated as a distinct entity.
- Limited Liability: Protects shareholders to the extent of their subscribed capital.

Our Services Include:
- Advisory on Business Structure: Get expert advice on choosing the optimal business structure, capital investment, and shareholder requirements.
- Full Foreign Ownership: Explore options for maintaining full control of your business as a foreign investor.
Fast and Hassle-Free Registration
- Same Day Registration: Set up your business faster than most service providers.
- Prepare Incorporation Documents: We handle all necessary paperwork, including the Articles of Association, Form NNC1, and Form IRBR1.
- Submit Documents: We file your incorporation documents with the Hong Kong Companies Registry, ensuring all fees are paid.
- Business Registration Certificate (BRC): Post-incorporation, we apply for your BRC from the Inland Revenue Department, essential for conducting business and renewed annually.
Ongoing Compliance
- Annual Filings: Ensure timely filing of financial statements and holding annual general meetings.
- Statutory Registers: Maintain up-to-date statutory registers.
- BRC Renewal: We manage the annual renewal of your business registration.
Banking Made Easy
- Open Bank Accounts: Link up with our strategic partners (HSBC, DBS, Airwallex, and WorldFirst) for seamless bank account openings through our online system.
Dedicated Growth Support
- Experienced Team: Work with Chartered Company Secretaries (CCS), Certified Public Accountants (CPAs), and tax experts with over 50 years of combined experience.
- Personalized Solutions: A dedicated Relationship Manager will tailor services to meet your business needs, covering company secretary duties, accounting, auditing, and cloud management systems.

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Before setting up a company in Hong Kong you need to:

Choose a company name

Select a unique company name that complies with Hong Kong's naming regulations. The name should not be identical to any existing company name in Hong Kong and should not contain sensitive or restricted words.

Appoint Directors and Shareholders

Decide on the directors and shareholders of the company. Hong Kong companies must have at least one director (who can be an individual or a corporation) and at least one shareholder. Directors and shareholders can be of any nationality and do not need to be residents of Hong Kong.

Choose your Registered Office Address

Select a registered office address for the company in Hong Kong. This address will be used for official correspondence and must be a physical address, not a P.O. Box.

Appoint a Company Secretary

Decide on a company secretary who must be a resident of Hong Kong or a registered office or a licensed trust or company service provider. The company secretary is responsible for ensuring compliance with statutory requirements.

Allocate your paid-up capital

Determine the initial capital shareholders will contribute. In Hong Kong, except for regulated industries, there’s no minimum requirement for share capital, allowing incorporation with just HK$1.

Choose a bank

Our recommendations for a DigiBank are: WorldFirst and AirWallex. If you wish to open with a traditional bank as well, our recommendations would be HSBC, DBS, CitiBank and HangSeng Bank. There are no legal restrictions preventing foreigners from opening an individual bank account in Hong Kong. However, banks will inquire about the purpose of the account and the reasons for needing one in Hong Kong. It is generally easier for a Hong Kong limited company, even if owned by a foreigner, to open a bank account in Hong Kong. Banks will request information about the business background of the owner, the planned activities of the limited company, and evidence of the owner's existing business operations (such as an overseas company).

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Additional Services in Hong Kong