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Resident Company Exempt Company PLC Branch Office Rep Office
Company Setup Time 5 days 5 days 20 days 10 days 10 days
Bank Account Opening 10 days 10 days 10 days 10 days 10 days
Government Grants Available Yes No Yes No No
Government Contracts Bidding Yes No Yes No No
Limited Liability Yes Yes Yes No No
Client Required to Travel No No No No No
Inquiry Inquiry Inquiry Inquiry Inquiry

Corporate Structure Explained

Hong Kong Offshore Company (Hong Kong Non-Resident Limited Company)

  • An offshore company also known as an exempt company or a non-resident company requires only one director who may be of different nationality and who is not required to reside in the country. The director can’t be corporate, though it’s possible to have corporate shareholders. Government approval is not needed and there are no minimum capital requirements.
  • Hong Kong has a corporate tax system that allows companies to be exempt from local taxation on the condition that they do not engage in business with resident customers.
  • The location of a corporate bank account does not have an impact on business taxation.
  • After incorporation, all companies must appoint a local company secretary and file audited annual financial statements to the local administration.

Hong Kong Resident Company (Hong Kong Resident Limited Company)

  • A Hong Kong registered company is considered resident in Hong Kong if the majority of its directors reside there.
  • The incorporation of a Hong Kong resident company is recommended when our clients live in Hong Kong or require access to a DTAA that restricts its benefits to Hong Kong resident companies.

Hong Kong Public Limited Company (Hong Kong Resident Limited Company)

  • Public limited companies are allowed to offer shares to the general public. Similarly, Its possible to have more than fifty shareholders.
  • PLCs allow our clients to list their business on the Hong Kong Stock Exchange (HKEx) or any other stock exchange.

Hong Kong Representative Office

  • This type of entity is not allowed to make direct sales within the country. It can participate in activities such as market research and support for the parent company’s business.

Fast Incorporations