Question 1

Can I open a Hong Kong company if I don’t live in Hong Kong?

Accepted Answer

Yes. You can register and own a Hong Kong Limited company without being a Hong Kong resident. The incorporation process can be completed remotely, so you do not need to travel to Hong Kong.

Question 2

How much does it cost to register a Hong Kong company with HKGrow?

Accepted Answer

Our company formation service costs US$1,000.

It includes the company incorporation, Hong Kong registered office address and mandatory company secretary service. You also receive assistance with online business accounts, traditional Hong Kong banks and payment gateways such as Stripe.

Free consultations and lifetime customer support are included.

Question 3

Can my Hong Kong company pay 0% tax?

Accepted Answer

Hong Kong operates a territorial tax system. This means profits derived from activities carried out outside Hong Kong may not be subject to Hong Kong Profits Tax.

A 0% tax position is not automatic simply because the company is registered in Hong Kong. The company must be able to demonstrate where the activities generating its profits actually take place, and the tax position is assessed according to its circumstances.

Question 4

Can you help me open a business bank account?

Accepted Answer

Yes. Banking assistance is included with our company formation service.

Depending on your business and personal profile, we can assist with applications to providers such as Airwallex, Wise Business, WorldFirst, Currenxie, Statrys Aspire etc.. We can also assist with traditional Hong Kong business bank applications like DBS hk and OCBC hk.

Approval always remains subject to the financial provider’s own compliance review, so no third-party account approval can be guaranteed.

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Question 5

Can I use Stripe with a Hong Kong company?

Accepted Answer

Yes. Stripe supports businesses established in Hong Kong.

We can assist you with setting up the company correctly and preparing the corporate information required for your Stripe application. Stripe performs its own verification before approving an account.

Question 6

Do I need a Hong Kong-resident director?

Accepted Answer

No. Unlike some jurisdictions, Hong Kong does not require your director to be a Hong Kong resident.

A private Hong Kong company must have at least one natural-person director, but that person can generally live overseas.

If you do not want to act as director yourself, HKGrow can also arrange an optional nominee director service for US$889.

Question 7

Can I keep my identity private by using a nominee director or shareholder?

Accepted Answer

A nominee structure can provide greater public-record privacy, but it does not remove legal beneficial-ownership disclosure requirements.

If you remain the person who ultimately owns or controls the company, you remain its beneficial owner regardless of who appears as director or registered shareholder. Your identity may therefore still need to be disclosed to the company secretary, financial institutions or authorities where legally required.

Question 8

What will I need to pay every year?

Accepted Answer

Starting from the second year, our annual compliance service costs US$689.

This covers the Business Registration Certificate renewal and NAR1 Annual Return filing. It also covers the continued provision of the company secretary and Hong Kong registered office under our service.

Accounting and statutory audit costs are separate because they depend on the company’s activity and annual revenue.

Question 9

When does my Hong Kong company need its first audit?

Accepted Answer

The first financial audit is normally required around 18 months after incorporation, depending on the company’s first accounting period and tax filing dates.

After the first reporting cycle, accounting and audit become recurring company obligations.

HKGrow can help with the accounting, preparation of financial statements, statutory audit and Profits Tax Return process.

Question 10

How long does it take to register the company and start operating?

Accepted Answer

We normally recommend allowing approximately 10 working days for the full company incorporation process, provided the required documents pass verification without additional checks.

Once the company documents are available, we can proceed with the relevant banking and payment-provider applications.

Financial-account approval has a separate timeframe because each bank or fintech performs its own KYC review. Rather than depending on a single provider, we can assess several suitable options for your business.

Hong Kong Company Registration

I help founders launch and grow Hong Kong companies while selling to customers worldwide. TCSP Licence No. TC005881

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