Hong Kong is considered one of the most liberal economies in the world and therefore is a place that allows a fast and easy registration process.
Registration of a Singapore company in Hong Kong would be considered registering as a non-Hong Kong company, however you can register your company as a new entity in Hong Kong as well.
A non-Hong Kong company is required to register in Hong Kong if it is a corporate body and has an established place of business in Hong Kong.
The company must be registered before the place of business has been established for more than a month.
The process to register a Singapore company in Hong Kong is similar to registering any company anywhere.
To register a company, the required registered capital is 10,000 HKD.
Once the company has that, the process is generally a simple one.
The city of Hong Kong allows you to run the business from anywhere in the world.
All you need is a local secretary and registered office address, which can even be provided to you through a local agency if needed.
The rest of the process is as follows:
Once the type of company and the name of the company is chosen, the correct documents must be delivered to the Companies Registry.
The documents needed are:
The price to register a company varies depending on the type of company.
The pricing is as follows (paid with HK$):
The incorporation forms (Form NNC1 and Form NNC1G) have a varying price depending on whether you download it online or obtain a hard copy.
The price of these forms ranges from $16 to $30.
Annual auditing and reporting are required for any company in Hong Kong.
This reporting is referred to as annual returns, and with these annual returns, there are additional fees.
There are a variety of similarities and differences between registering a company in Hong Kong and Singapore.
If you are registering a Singapore company in Hong Kong, all rules and regulations that Hong Kong requires will need to be met.
One advantage to bringing a Singapore company over to Hong Kong and registering it is the corporate taxes.
The corporate tax payable is 16.5% in Hong Kong, compared to 17% in Singapore.
Another difference between having a company registered in Singapore compared to in Hong Kong is that to register a company in Hong Kong, at least one of the company’s directors must be a natural person.
In addition, there is no requirement for a resident director in Hong Kong; the director can be of any nationality.
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