An introduction to limited company formation in Hong Kong

A limited company is one of the most common and widely incorporated types of company in the world. A limited company is a business structure that provides limited liability to its owners in different jurisdictions. This is basically a legal form of a company that combines the limited liability of a corporation with the pass-through taxation of the owner, which can be a sole proprietorship or partnership.

In Hong Kong, Limited Liability Company or LLC is the most commonly incorporated type of company. Almost anybody can incorporate HK Company by following the right process. For a limited company formation, one has to fulfill the following necessary requirements:

The HK Company requires at least one shareholder and one director. Both can be the same person

1.       The corporation service company must have a company secretary that will be a permanent resident of Hong Kong with an authorized address

2.       The company must be in a certified location so that it will bear a complete and detailed address

3.       In this type of Hong Kong company incorporation, the company shareholders will have limited liability and foreign ownership will be allowed.

 Entrepreneurs also have the option of choosing a Hong Kong Offshore company. The structure of this business is comparatively similar to an HK limited company, but all the operations are conducted outside Hong Kong. Having this type of business exempts the business owners from paying taxes as incomes sourced outside the jurisdiction of Hong Kong is non-taxable.

Make your HK company formation a cakewalk by going for a business consultant. These are sources that have a well-known reputation in the country and among all the other business operating within it. They can easily help you in the formulation the type of company you are interested in without getting involved in the complexities.