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Company Formation in Hong Kong 2026 | MYFIRM GLOBAL

MYFIRM GLOBAL

Company Formation in Hong Kong

Asia's financial gateway · 0% on overseas income

$1,890Starting from

5-7 daysRegistration

8.25%Corp. tax

HKDCurrency

Home› Jurisdictions› Hong Kong

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200+Companies

7+Years

30+Jurisdictions

LondonOur office

On this page

Why Hong Kong?
Key Benefits
Facts & Ratings
Taxation
Banking
Our Process
Is it right for you?
Comparison
Common Mistakes
FAQ

Overview

Why Register a Company in Hong Kong?

Hong Kong operates a unique territorial tax system — companies only pay profits tax on income arising in Hong Kong. Income from overseas sources is not taxed, making it exceptionally efficient for international trading, investment, and holding structures.

Despite geopolitical uncertainty, Hong Kong remains a leading international financial centre with world-class banking infrastructure, a sophisticated legal system based on English Common Law, and unique access to mainland China through various preferential schemes.

Advantages

Key Benefits of Hong Kong

Territorial taxation

Only Hong Kong-sourced profits are taxable. Overseas income is not taxed — powerful for international trading and holding.

Two-tier profits tax

8.25% on first HKD 2 million, 16.5% above. Among Asia's most competitive tax rates.

No capital gains tax

No tax on capital gains, dividends received, or interest income.

World-class banking

HSBC, Standard Chartered, Bank of China, Hang Seng. Plus digital options: Airwallex, ZA Bank, Neat.

China market access

Unique preferential access to mainland China through CEPA and other agreements.

English legal system

Common Law framework trusted by international businesses and investors worldwide.

At a glance

Key Facts

Entity typePrivate Limited Company

Legal systemEnglish Common Law

RegulatorCompanies Registry / IRD

Corporate tax8.25%

Registration time5-7 days

Min. capitalHKD 1

Public registerYes — publicly accessible

Annual feeHKD 105 annual return

Remote setupYes

Our rating

Jurisdiction Score

Ease of setup 8/10

Banking access 8/10

Privacy 7/10

Tax efficiency 9/10

Tax & compliance

Taxation & Compliance in Hong Kong

Hong Kong profits tax is two-tier: 8.25% on the first HKD 2 million of assessable profits, 16.5% above. Only profits that arise in or derive from Hong Kong are taxable — this is a territorial system. No withholding tax on dividends, interest, or royalties paid to non-residents. No capital gains tax.

Offshore income exemption: companies can apply for offshore status for specific income streams — a formal assessment confirming the relevant business activities take place outside Hong Kong. This requires careful documentation and professional advice. MYFIRM GLOBAL manages offshore claims for clients.

Banking

Banking Options for Hong Kong Companies

Hong Kong offers world-class banking through HSBC, Standard Chartered, Bank of China, Hang Seng, and DBS. Account opening has become more stringent since 2019 — banks require clear business purpose, genuine economic activity, and comprehensive due diligence. Digital alternatives (Airwallex, ZA Bank, Currenxie, Neat) are significantly more accessible and suitable for most international founders.

How we work

Our Registration Process

Free consultation

Assess your structure, goals, and whether Hong Kong is right for your situation.

Document preparation

Corporate documents, KYC package, and business description prepared by our team.

Name check and reservation

Verify name availability in the Hong Kong official registry.

Filing and submission

We handle all filings, correspondence, and communications with the registry.

Registration and delivery

Digital and physical corporate documents delivered. Banking introduction begins.

Quick check

Is Hong Kong Right for You?

Answer 4 quick questions — get a personalised recommendation from our team.

1. What best describes your business?

2. What is your expected annual turnover?

3. Is banking access a priority?

4. What is most important to you?

Our team will prepare a personalised structure recommendation for Hong Kong. Contact us:

Email Us → Telegram

Comparison

How Hong Kong Compares

Aspect	Hong Kong	Singapore	BVI	UK
Corp. tax	8.25%	17%	0%	19–25%
Overseas income	Not taxed	Partially	Not taxed	Taxed
Banking	Good	Excellent	Medium	Excellent
China access	Excellent	Good	Poor	Good
Registration	5–7 days	1–3 days	5–7 days	1 day

What to avoid

Common Mistakes When Registering in Hong Kong

Assuming offshore income exemption is automatic

Offshore income exemption requires a formal application and supporting evidence. It is not granted automatically.

Using Hong Kong company for mainland China operations without permits

Operating in mainland China through a Hong Kong entity without proper WFOE or other mainland structures creates significant legal risk.

Not appointing a local company secretary

A local company secretary is mandatory. This is a common oversight for non-resident founders.

Neglecting annual return and audit obligations

All Hong Kong companies must appoint a CPA auditor and file audited accounts annually.

Underestimating due diligence for banking

Hong Kong banks conduct thorough KYC. Incomplete documentation is the primary reason for account rejection.

FAQ

Frequently Asked Questions

What is the "offshore income exemption"?▾

A formal ruling from the IRD confirming that specified income sources are not subject to Hong Kong profits tax because the activities generating them occur outside Hong Kong.

Is a local director required?▾

No — but a local company secretary is mandatory. Non-residents can be the sole director.

How does the China access work?▾

Through CEPA (Closer Economic Partnership Arrangement), Hong Kong companies have preferential market access to mainland China in many services sectors.

What does annual compliance cost?▾

Annual audit (from HKD 8,000), company secretary (from HKD 3,000), and annual return fee (HKD 105). Total from approximately $1,500 annually.

Can I open a Hong Kong bank account remotely?▾

Digital banks (Airwallex, ZA Bank, Neat) can generally be opened remotely. Traditional banks usually require an in-person visit.

Is Hong Kong still a viable jurisdiction after 2020?▾

Hong Kong retains its Common Law legal system, independent judiciary, and international banking infrastructure. Many international businesses continue to operate successfully through Hong Kong entities.