GSL / All offers / Ready-made Hong Kong company with an offshore bank account.

Ready-made Hong Kong company with an offshore bank account. Service offer

Advantages of the offshore bank where the company holds an account. Documents required to purchase a company with an account, the cost of registration, documents that you will receive after the acquisition of a company. Substance: the cost of opening an office in Hong Kong. Subsequent operation of the company and the cost of administration.

What is included in the cost of a ready-made company with an account

  • preparation and provision of originals and apostilled copy of constitutive documents and share issue documents;
  • compliance fee;
  • company seal;
  • provision of registered office, agent and secretary services for the first year of administration;
  • keeping a Significant Controllers Register*;
  • annual government fee for the first year of the company’s existence;
  • EU-resident nominees as director and shareholder for the first year of administration;
  • opened offshore bank account for the company;
  • re-registration of the company and account to the beneficial owner.

TOTAL: USD 9 740

*On 1 March 2018 the amendments to Hong Kong Companies Ordinance came into effect, introducing the Significant Controllers Registers. The Significant Controllers Register is NOT PUBLIC and is NOT filed with any authorities (but is kept at the company’s registered office). This register is available for inspection only to the company’s Significant Controllers and Hong Kong law enforcement officers during an inspection of the registered agent (the list of those authorized to inspect the register is given in the law and is exhaustive).

Major advantages of opening a company in Hong Kong

  1. World’s largest financial centre;
  2. Developed and stable economy;
  3. Quick company incorporation without a visit to Hong Kong;
  4. No exchange control;
  5. No tax on Hong Kong companies that operate outside the country of incorporation (not applicable to companies with a physical office in Hong Kong)*;
  6. Not ‘blacklisted’ by most countries.

*From 1 January 2023, foreign-sourced passive income such as dividends, interest, disposal gains and IP income is taxable in Hong Kong subject to various exceptions connected with economic substance and nexus in Hong Kong.

What is provided by the offshore bank where the company holds an account

  • unique IBAN;
  • online banking in English;
  • USD transactions are possible;
  • minimum balance of account – USD 5 000;
  • no personal meeting with a banker is required to change the account signatory.

What needs to be provided for buying a Hong Kong company

Documents for directors / shareholders / beneficial owners / attorneys:

  • proof of ID;
  • proof of address not older than 3 months.

At the meeting, it is necessary to show the original documents for verification or produce notarized copies.

It is also necessary to provide information about the future business activity of the company.

What is included in the set of constitutive documents for the ready-made company delivered to the client

  1. Certificate of Incorporation – a simple copy. The Hong Kong Registrar of Companies issues the certificate of incorporation electronically (as a secured PDF file e-signed by the Registrar’s authorized employee);
  2. Business Registration Certificate – simple copy. The Hong Kong Inland Revenue Department issues the certificate electronically (as a secured PDF file e-signed by the Inland Revenue’s authorized employee);
  3. Articles of Association – a simple copy with the registration number allocated to the company. It is common practice to file these with the Registrar without subscribers’ signatures because there is no such statutory requirement. The subscribers can sign the original Articles for the company file, if necessary;
  4. First Resolutions of the Founder Member(s) – original;
  5. First Resolutions of Director(s) – original;
  6. Share Certificate – original;
  7. Company seal;
  8. Apostilled set of copies certified by the Hong Kong registered agent:
  • Certificate of Incorporation;
  • Business Registration Certificate;
  • Incorporation Form (NNC1);
  • Articles of Association;
  • First Resolutions of the Founder Member(s);
  • First Resolutions of Director(s);
  • Register of Directors;
  • Register of Shareholders;
  • Register of Secretaries.

Substance in the country of incorporation

Renting an office at the registered office address

The fee for making an office rent agreement without physically placing an employee in the office is USD 675 / month.

The rented address is the same as the company’s registered office.

The fee for sub-renting an office with physically placing there an employee is from USD 1 280 / month.

A large bright office with the Internet and amenities is located in one of the central areas. Details of equipment and office use should be agreed individually.

Upon request, we can also arrange for a rent of a separate office of the required size other than at the registered office address, as well as provide staff recruitment services – the minimum salary in Hong Kong starts at USD 2 500 / month.

Subsequent administration of a company

Hong Kong companies must annually submit their Annual Return, tax return and audited financial statements.

Neither financial statements nor tax returns are open for public inspection.

Hong Kong has a territorial tax system. This means that a Hong Kong offshore company is only subject to 16.5% profits tax on its income derived from a Hong Kong source, that is to say:

  1. from operations with local, Hong Kong companies; or
  2. if it has a place of business in Hong Kong (an office and employees and/or Hong Kong resident directors).

Trading with Mainland China does not create tax in Hong Kong (subject to the restrictions described above).

To assess the company’s tax burden, we recommend seeking advice from a tax specialist (which advice can be arranged upon request).

Cost of subsequent administration of a ready-made company[1]

Services
Fees (USD)
Subsequent annual administration of a company (starting from the second year), including provision of agent and secretary services, keeping of a Significant Controllers Register, and annual government fee
1 830
Nominee director (for 1 year)
705
Nominee shareholder (same individual as director; for 1 year)
530
Courier delivery of documents from Hong Kong
from 125
Preparing and filing dormant accounts
1 750
Preparing and filing non-dormant accounts
100 – 400 / hour (depending on time spent)
Compliance fee
Payable in the cases of:
- incorporation of a company,
- renewal of a company,
- liquidation of a company,
- transfer out of a company,
- issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder,
- signing of documents.
350 (standard rate – includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL
+ 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL
450 (rate for high-risk companies, includes the check of 1 individual)
100 (signing of documents)

Renting an office at the registered office address

Office rent agreement without physically placing an employee in the office
675 / month
Office rent agreement with physically placing an employee in the office (terms to be agreed)
1 280 / month

[1] The fees are valid as of October 2024.

Are you interested in the offer?
USD 9 740
Download offer in PDF
Share on social media:
RU EN