Overview
The usual vehicle for a new business is a private company limited by shares, registered with the Companies Registry. This page gives a plain-language overview; confirm each point with the registry or a licensed adviser.
Key requirements
- At least one director must be a natural person, and a company secretary resident in Hong Kong is required.
- A registered office address in Hong Kong is required.
- Annual returns are filed and accounts are generally audited.
Tax in brief
Hong Kong applies a territorial approach to profits tax, meaning the source of profits matters. Take professional advice on how your activities are treated.
Who it suits
Trading and services businesses linked to Greater China and Asia that want a common-law system and a long-established financial centre.
Banking and practical points
Account opening can be slow and document-heavy; having a genuine business case and records helps.
Compare with the UAE
Many founders compare Hong Kong with a UAE free zone or a UAE mainland company. See free zone vs mainland and our other jurisdictions.
Frequently asked questions
Can a non-resident own a company in Hong Kong?
Often yes, but rules on local directors, addresses and sector restrictions differ. Check the requirements above and confirm with the registry.
Will I be able to open a bank account?
Not guaranteed. Banks apply their own checks and may ask for proof of business activity and ownership.
Do I still owe tax in my home country?
Possibly. Many countries tax foreign companies controlled by their residents, so take advice in both places.
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General information reviewed November 2026, not legal, tax or immigration advice. Rules, fees and thresholds change: confirm with the registry, tax authority or a licensed adviser in the country concerned. ZoneWise does not guarantee licences, visas or bank accounts.