WhatsApp Us WhatsApp Us WhatsApp Us
Speak to an advisor: +852 5803 2409


Entrepreneur’s Starter Pack 2024: Exploring the Process and Tricks of Company Formation in Hong Kong

10 minute read

Are you an entrepreneur looking to establish a company in the bustling metropolis of Hong Kong? If yes, then you are at the right place, because this comprehensive guide is going to be your roadmap, and Sleek can help you achieve triumph in your entrepreneurial journey!

Congratulations, small business owner! You’ve set your sights on starting a business in the vibrant city of Hong Kong, a preferred destination for entrepreneurs worldwide. Here, we will take you through the incorporation process and tricks of company formation in Hong Kong. From understanding why Hong Kong is an entrepreneur’s haven to navigating the registration requirements and compliance obligations, we’ve got you covered with all the incorporation tips. So, fasten your seatbelt, embrace your entrepreneurial spirit, and let’s embark on this exciting journey together with Sleek!


Hong Kong – A Preferred Destination for Entrepreneurs

Hong Kong holds a special place for entrepreneurs, and here’s why it’s a preferred destination for many:

  • Strategic Location: Nestled in the heart of Asia, Hong Kong serves as a gateway to Mainland China and other international markets. Its proximity to global business hubs and access to a vast network of suppliers and customers make it an ideal launchpad for your entrepreneurial ventures.
  • Business-Friendly Environment: Hong Kong offers a dynamic and business-friendly environment, with a robust legal framework, well-established financial infrastructure, and a low-tax regime. The city’s commitment to free trade, intellectual property protection, and ease of doing business further enhances its appeal.
  • Access to Capital: Hong Kong boasts of a vibrant investment landscape, with a plethora of venture capital firms, angel investors, and crowdfunding platforms. The city’s robust financial sector and investor-friendly ecosystem provide ample opportunities for raising capital and fuelling business growth.

Company Formation – What Do Most Entrepreneurs Register as?

When it comes to company formation, many entrepreneurs in Hong Kong opt for a limited liability company (LLC). A limited liability company provides a separate legal entity, shielding your personal assets from business liabilities. It offers flexibility, ease of ownership transfer, and credibility in the eyes of potential clients and partners. Register your company today at https://sleek.com/hk/incorporation/.

Basic Checklist – What Do You Need to Register a Company in Hong Kong?

If you are a local entrepreneur, here’s a basic checklist of what you’ll need:

  • Company Name: Choose a unique name for your company, ensuring it complies with the guidelines set by the Companies Registry.
  • Registered Office Address: Provide a local registered office address in Hong Kong. This will serve as the official correspondence address for your company.
  • Directors and Shareholders: Appoint at least one director and one shareholder. The director can be an individual of any nationality, and the shareholder can be an individual or a corporate entity.
  • Company Secretary: Appoint a company secretary who can be a natural person residing in Hong Kong or a corporate entity registered in Hong Kong.
  • Memorandum and Articles of Association: Prepare the memorandum and articles of association, which outline the company’s structure, internal regulations, and distribution of powers.

However, if you are a foreign entrepreneur looking to establish a company in Hong Kong, then here’s what you will need:

  • Local Representative: You will need to appoint a local representative who is either a Hong Kong resident or a Hong Kong-incorporated company. This representative will serve as a point of contact for legal and administrative matters. Sleek can help you with a hassle-free process.
  • Registered Office Address: Provide a local registered office address in Hong Kong. This will serve as the official correspondence address for your company.
  • Company Secretary: Just like local entrepreneurs, you will need to appoint a company secretary who can be a natural person residing in Hong Kong or a corporate entity registered in Hong Kong.
  • Directors and Shareholders: Similar to local requirements, you will need to appoint at least one director and one shareholder. The director can be of any nationality, and the shareholder can be an individual or a corporate entity.
  • Memorandum and Articles of Association: Prepare the memorandum and articles of association, which outline the company’s structure, internal regulations, and distribution of powers with the help of Sleek’s specialised services.

You can submit all the required forms along with your application through e-registry to the Hong Kong Companies Registry and Business Registration Office.

Thinking of ways to register a business in Hong Kong? If so, do check out our guide on that, just click that link to learn more!

Pre-Incorporation Steps to Follow

Before you dive headfirst into company formation, it’s essential to follow some pre-incorporation steps to set a solid foundation:

  • Conduct market research
  • Develop a business plan
  • Secure financing
  • Seek professional advice

Talk to our friendly experts today about how Sleek can simplify your business

Visas and Permits

Obtaining the right visa or permit is crucial for you and your employees. Here are some key considerations:

  • Employment Visa: If you plan to work in your own company or hire foreign employees, an employment visa is required. It enables you to live and work in Hong Kong and can be obtained through the Hong Kong Immigration Department.

Get an in-depth understanding of the various statistics on employment visas at https://www.immd.gov.hk/eng/facts/visa-control.html.

  • Investment Visa: If you plan to invest a substantial amount in a Hong Kong business, you may be eligible for an investment visa. This visa is suitable for entrepreneurs looking to start or acquire a business in the city.

Learn more about investment visas here.

  • Dependent Visa: If you hold a valid employment or investment visa, your spouse and children may be eligible for a dependent visa, allowing them to reside in Hong Kong with you.

You can check further details about obtaining a dependent visa in Hong Kong here.

Business Registration: Once your company is incorporated, you need to register your business with the Business Registration Office and obtain a Business Registration Certificate.

Tax Policies

Navigating the tax landscape is vital for small business owners in Hong Kong. Here’s what you need to know:

  • Profit Tax: Hong Kong has a territorial tax system, meaning only profits derived from Hong Kong are subject to taxation. The current corporate tax rate is 8.25% on assessable profits up to $2,000,000, and 16.5% on any part of assessable profits over $2,000,000.
  • Tax Filing: As a business owner, you are required to file an annual tax return with the Inland Revenue Department. Keep accurate records, claim eligible deductions, and ensure timely filing to avoid penalties.
  • Goods and Services Tax (GST): Hong Kong does not impose a GST or value-added tax (VAT) on most goods and services. However, be aware of any specific tax obligations related to your industry.
  • Double Taxation Agreements: Hong Kong has entered into double taxation agreements with various countries to avoid the double taxation of income. Familiarize yourself with the agreements that apply to your business activities.


Protecting your business with the right insurance coverage is essential. Consider the following policies:

  • Property Insurance
  • Liability Insurance
  • Employee Insurance

Employment Laws

When hiring employees in Hong Kong, it’s crucial to understand employment laws and regulations. Here are some key points to consider:

  • Employment Contracts: Provide written employment contracts to your employees, outlining the terms and conditions of their employment, including working hours, leave entitlements and termination procedures.
  • Minimum Wage: Hong Kong has a statutory minimum wage, which is periodically reviewed and adjusted. Ensure compliance with the prevailing minimum wage requirements. From 1 May 2023, the statutory minimum wage is HKD 40 per hour.
  • Employee Benefits: Familiarize yourself with the requirements for employee benefits, such as paid annual leave, sick leave, maternity leave, and the Mandatory Provident Fund (MPF) scheme for retirement savings.
  • Non-Discrimination: Adhere to anti-discrimination laws that protect employees from unfair treatment based on factors such as gender, age, disability, race, and nationality.

Termination and Severance: Understand the legal obligations regarding termination and severance payments. Seek legal advice to ensure compliance with the Employment Ordinance.

Financial Regulations

As a business owner, it’s important to adhere to financial regulations to maintain transparency and compliance. Consider the following:

  • Bookkeeping and Accounting: Maintain accurate financial records, including income statements, balance sheets, and cash flow statements. Engage a professional accountant or accounting firm to handle your financial matters.

Check out the hassle-free services provided by Sleek here.

  • Auditing Requirements: Depending on the size and nature of your business, you may be required to have your financial statements audited annually by a certified public accountant.

Sleek provides seamless auditing services, check them out here.

  • Annual General Meeting: Hold an annual general meeting to update shareholders on the company’s financial performance, discuss key matters, and approve financial statements.

Money Laundering and Terrorist Financing Prevention: Comply with regulations aimed at preventing money laundering and terrorist financing. Implement appropriate measures and procedures to ensure compliance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.


Hey, small business owner! You’ve now uncovered the company incorporation procedure in Hong Kong and its essential processes and tricks. From understanding the benefits of Hong Kong’s business landscape to navigating registration requirements, visas, taxes, and compliance obligations, you’re well-equipped to embark on this entrepreneurial adventure.

May your business voyage be filled with success, growth, and fulfillment. 

Visit https://sleek.com/hk/incorporation/ now and discover how Sleek can guide you through the seamless company incorporation journey. Start building your business empire today!

Bon voyage!


Yes, it’s mandatory to have a physical office space in Hong Kong. Sleek can help you register a company here.

Most of the service providers will charge you for each step of the registration service. However, Sleek charges only HKD 2,000 all services included. Find further details at https://sleek.com/hk/incorporation/

Yes, you can apply for a Hong Kong visa without having a job offer.

Yes, Hong Kong offers several tax incentives and advantages for small businesses. You can read more about them here.

You will have to renew your business registration annually unless it is a certificate for 3 years. Find more details at https://sleek.com/hk/incorporation/.

Ready to start your business?

Our expert team is here to help you. Explore our incorporation services or contact our team to get personalised advice today.

Other articles that might interest you

Related content

Contact us

We’d love to help. Share your contact details and we’ll call you back

Contact us

We’d love to help. Share your contact details and we’ll call you back

Start a business in less than 3 hours with us. Talk to our experts today.

Let's get in touch

Book a time with our experts to guide you in finding the best solution.

Terms and Conditions of the Promotion:

Before participating in this promotion, you must carefully read and agree to abide by the following terms and conditions.

  1. Eligible Users: To enjoy this offer, customers must purchase an Incorporation package with an accounting service at the same time. Valid customers will receive a discount of HKD 888.
  2. Promotion Period: This promotion is valid from Jan 18 – March 31, 2024. Sleek reserves the right to end this promotion at any time without prior notice to customers.
  3. Fees and Payment: Customers must pay the service fees according to Sleek’s standard payment terms. The HKD $888 waiver will be applied as a discount on the customer’s invoice.
  4. Governing Law and Jurisdiction: These terms and conditions shall be governed and construed in accordance with the laws of Hong Kong. Any dispute arising out of or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts of Hong Kong.
  5. Confidentiality: Sleek shall treat all information provided by the customer as confidential and shall not disclose such information to any third party, except as required by law or with the customer’s consent.
  6. Limitation of Liability: To the extent permitted by law, Sleek shall not be liable for any direct, indirect, or consequential loss or damage arising out of this promotion.
  7. Disclaimer: To the extent permitted by law, Sleek shall not be responsible for any loss or damage arising from the customer’s use of this promotion. Sleek does not guarantee the accuracy, completeness, reliability, timeliness, suitability, or availability of the website and its content. Sleek reserves the right to change the website and its content at any time without prior notice to customers.
  8. Cancellation of Orders: If customers wish to cancel an order, they must contact Sleek’s customer service department within 24 hours of submitting the order. Orders cannot be cancelled if they have already been processed
  9. Links to Third-Party Websites: Sleek’s website may contain links to third-party websites that are not under Sleek’s control. Sleek is not responsible for the content, privacy policies, or practices of third-party websites and does not endorse or recommend them. Customers should carefully read the terms and conditions and privacy policies of any third-party website before using it.
  10. Accuracy of Registration Information: Customers warrant that all registration information provided is accurate, complete, and up-to-date. If a customer’s registration information changes, the customer should update their account information promptly. Sleek shall not be liable for any loss or damage arising from the customer’s provision of inaccurate or incomplete registration information.
whatsapp icon

Chat with us on WhatsApp from your mobile

30 Days Money Back Guarantee

Our refund policy:

We care about you – within 30 days from your purchase, if you’re unhappy with our services, we’ll refund our fee. Email or call us, and we’ll process the refund within five working days.

What it doesn’t cover:

We will not be able to refund Government fees once the application has been submitted, nor any third-party processing fees.

When it applies:

We cannot guarantee any specific legal outcomes when you use our services. For instance, a company registration might be filed correctly but still get rejected by the Company Registry for reasons beyond our control. We can only refund our fees for issues we are directly responsible for. In the case that you purchase a service and later change your mind, we can’t issue a refund.

Our customer support team is at your disposal for any questions or issue you may face.

Need help?

Our sales team is available from Mon - Fri 9am to 7pm (Hong Kong Time)