Hong Kong Company Formation, Offshore Company Incorporation

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ABOUT TRUST ONLINE
Enjoy BR discount on and after August - 2011

HK$ 2,000 discount of Business Registration fee already ended on July - 31, 2011.

If you choose companies from our Ready Made Company list which incorporation date is in and before July - 2011. You still can enjoy this discount.

Viewing the new Business Registration Certificate Fee table, please visit ird.gov.hk.

If HK Government announces extension of such discount beyond July - 31, 2011, overpaid fee may be refunded according to government arrangement.
View Ready Made
Companies ListIncorporation Order FormIncorporation OnlineMore information can be
found in [ FAQ ] section
Register a company in Hong Kong / Hong Kong Company Formation
 
Hong Kong Company Comparison with BVI Company
Generally, Hong Kong company is more suitable for doing business while BVI company is more suitable for asset holding. However as situation of client varies case-by-case, professional advice should be sought before making decision.

Below comparison is highlight of certain areas and help client to consider using which type of company.
  1. Incorporation Requirement ;
  2. Purpose and Benefit ;
  3. Cost in formation, maintenance and cancellation .
 
Incorporation Requirement (Compare)
Recommendation : BVI company is more simple in incorporation requirement.
 Hong Kong CompanyBVI Company
Minimum No.
of shareholder
  • 1
  • 1
Minimum No.
of director
  • 1
  • 1
Minimum issued
share capital
  • HK$ 1
  • US$ 1
Company Secretary
  • 1 and should be
    Hong Kong resident
  • Not required
Nationality and address
of shareholder
and director
  • No restriction
  • No restriction
Hong Kong
Registered Address
  • Required
  • Not required.
  • Keeping of Hong Kong corresponding address
    is useful for corresponding with registration agent.
Time required
to Incorporate
  • Ready-made: 1 day
  • Tailor-made: 7 working days
  • Ready-made: 1 day
  • Tailor-made: 12 working days
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Purpose and Benefit (Compare)
Recommendation :BVI company is more suitable for holding of asset. Hong Kong company is more suitable for doing business.
  Hong Kong Company BVI Company
Business Image
  • Better
  • Less good
Resistance of
customer and client
  • Less resistance as registration is open for public search
  • Higher resistance as registration is not open for public search
Risk reduction
  • Same
  • Same
Tax benefit
  • Profits Tax rate 16.5% but exempt for profit not deriving from Hong Kong
  • Profits Tax rate Zero but limited to profit not derived from BVI.
  • Company may still subject to tax of another country.
Asset holding
  • Asset transfer can be achieved by share transfer.
  • Has to pay stamp duty for share transfer.
  • Updated financial statement is required for share transfer.
  • Asset transfer can be achieved by share transfer.
  • No stamp duty and no financial statement is required for share transfer.
Bank account opening
  • Easier and less requirement even for non-Hong Kong resident

More requirement and always request for

  • Personal banker's reference letter of directors.
  • Disclosure of beneficiary owner.
  • Purpose of opening bank account.
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Cost in incorporation, Maintenance and Cancellation (Compare)
Recommendation :No obvious advantage for Hong Kong over BVI company, and vise versa.
  Hong Kong Company BVI Company
Cost of incorporation
  • From HK$ 6,400
  • From HK$ 7,400 (US$ 950)
Annual maintenance
  • Business Registration HK$ 2,450Business Registration Certificate Alert
  • Annual filing HK$ 105
  • Accounting, tax filing and auditing required.
    Service fee starts from HK$ 4,000 per year.
  • Total annual fee starts from around HK$ 6,555.
  • License renewal US$ 600 (US$ 650 from Year 2005)
  • No accounting, tax filing and auditing required
Business cancellation
  • No debt company can be de-registered at around HK$ 2,000
  • Debt bearing company has to be winding up at around HK$ 20,000
  • Just not to pay license renewal
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