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Company Incorporation in Hong Kong (HK) | 5 Types of Companies

COMPANY INCORPORATION IN HONG KONG - Types of Companies https://www.companyincorporation-hong... Main types of HK companies: 1 - Hong Kong Limited Company (https://www.companyincorporation-hong...) 2 - Hong Kong Representative Office (https://www.companyincorporation-hong...) 3 - Branch Office in Hong Kong (https://www.companyincorporation-hong...) 4 - Sole Proprietorship (https://www.companyincorporation-hong...) 5 - Partnership Hong Kong Limited Company Setting up a limited liability entity in Hong Kong is the most common practice. Can enjoy low tax rate in Hong Kong. Can carry an independent accounting book. Can open a bank account in Hong Kong. Hong Kong Representative Office An extension arm of the overseas company. Will not carry independent accounting book in Hong Kong. Suitable for business to provide customer or technical support. Foreign companies that wish to gain market insight, exposure and a better understanding of the Hong Kong business environment before setting up a full-scaled office can first establish a representative office. Branch Office In Hong Kong An extension of the foreign parent company. Not a separate legal entity in its own right. The overseas company is responsible for any debt and legal liability for the Hong Kong branch office. Profit generated in the HK branch office may be subjected to overseas tax. Sole Proprietorship The easiest and the simplest form of business in Hong Kong. The business is owned and operated by a sole person. The owner and the business are considered one legal entity. Partnership Established and co-owned by two or more people who together are to share profits of the business. Similar to sole proprietorship, partnership is not a separate legal entity. Prism Consultancy Co. Ltd. provides Company Incorporation (https://www.companyincorporation-hong...) professional consultancy services for foreigners who are to and/or have set up companies in Hong Kong. Websites: Visa services: https://www.prismvisas.com/en/ HK SEO Services: https://www.hongkongseo.hk/ Company incorporation/secretary/accounting: https://www.companyincorporation-hong...