[Simple guide for Hong Kong limited companies] Company registration process, company establishment fee $4,645 including government fees and instructions on opening a bank account (2025 updated version)
2024-12-30 | Chinglink
Registering a limited company in Hong Kong is a significant step in entrepreneurship. Key considerations include:
Pre-registration Considerations
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Business Type: Decide on the structure (limited or unlimited company).
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Company Name: Choose a unique name, verify availability, and avoid trademark infringement.
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Document Preparation: Include the Articles of Association, Business Registration Certificate, etc.
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Funding Plan: Ensure sufficient capital for startup operations.
Comparison: Limited vs. Unlimited Company
| Limited Company | Sole Proprietorship/Partnership | |
|---|---|---|
| Eligibility | Hong Kong residents and non-Hong Kong residents | Hong Kong residents only |
| Number of founders | 1 to 50 people | 1 to 20 people |
| Time required | Available today | Today to 2 working days |
| Government fees | Company registration fee: HK$1,720 Business registration fee: HK$2,200 (from April 1, 2024) | Business registration fee: HK$2,200 (from April 1, 2024) |
| Required documents | Form of incorporation, articles of association, accountant certification documents, minutes of the first meeting of directors and shareholders, minutes of account opening meeting of directors and shareholders, registration list | Hong Kong ID card |
Registration Process
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Submit Documents: Includes incorporation form (NNC1) and Articles of Association (6–8 working days).
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Obtain Business Registration Certificate: Issued upon successful registration.
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Open Bank Account: Provide company documents and business proof; some banks require directors’ personal presence.
Costs
• Registration Fee: Electronic application ~HK$1,545.
• Business Registration Fee: HK$2,200 (effective 2024).
• Professional Services: Secretary services start at ~HK$900.
Post-registration Requirements
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Annual Audits and Filings: Submit annual financial reports and tax returns.
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Business Registration Renewal: Renew annually to avoid a HK$300 penalty.
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Shareholders’ Meetings: Conduct annual general meetings (AGMs) and file reports as required.
Advantages of a Limited Company
• Limited Liability: Shareholders are liable only to the extent of their shares.
• Professional Image: Enhances credibility and competitiveness.
• Government Funding: Eligible for grants like the Technology Voucher and BUD Fund.
Establishing a limited company minimizes risks and unlocks business opportunities, making it ideal for entrepreneurs planning significant growth.
