Why Set Up company in Hong Kong?

Hong Kong is a gateway to Mainland China and the rest of Asia

• Hong Kong is a special administration region of China
• Basic Law – One Country, two System
• Common law jurisdiction,
• Low and simple tax system
• Welcoming community of startups
• Plenty networking events, seminars and associations throughout the year
• Easy to set up company for foreigner
• Greater Bay Area, between 11 cities of the Pearl River Delta
• Buffer between headquarter and PRC
• Facilitates disposal of assets
• Benefit from double taxation agreements and CEPA
• Easy to hire the right employees in Hong Kong

Tax and Accounting system

• VAT, Dividends and Capital Gain is not applicable for tax
• Profit Tax rates are between 8.25% and 16.5%, it is lower starting from year of assessment 2018/2019
• Tax rates for individual are starting from 2% and up to 17%
• Employee can enjoy preferential tax treatment on the portion of remuneration received as housing allowance

Government subsidies under COVID-19

• 100% of the 2019/20 profits tax is waived subject to a ceiling of HK$20.,000 per case
• A one-off cash payment of HK$10,000 to all Hong Kong permanent residents aged 18 or above
• For the year April 2020 to March 2021, BR fees shall be waived, but required to pay the levy of HK$250
• To waive the registration fees for all Annual Returns for 2 years, except late filing
• Employment Support Scheme: 1. wage subsidy for each employer on 50% of employees’ salary up to HK$9,000 for 6 months. 2. Grant a one-off lump-sum subsidy of $7,500 to self-employed person. Both should have made MPF contributions

For any information, please contact our team at +852 2654 8800 or by email at info@opkofinance.com