FAQ
The 10 Questions Foreign Founders Ask Us Most
Ownership, tax, banking, timelines — answered straight
Q1: Can a foreigner own 100% of a Hong Kong company?
Yes. Any nationality aged 18+ can be the sole shareholder and director — no Hong Kong residency, no local partner, no minimum paid-up capital. Most setups are done entirely remotely.
Q2: How long does incorporation take, and what does it cost?
As fast as 2 business days* once your documents are ready. The package covers name check, Articles of Association, registry filing and SCR — plus company secretary and registered address. We quote a fixed, transparent package up front.
Q3: Do I need to visit Hong Kong?
Not for incorporation — it's fully remote. For the bank account, most banks want an in-person interview; some offer video verification or mainland branch witness. We match you to the most practical route and accompany you throughout.
Q4: Why do bank accounts get rejected — and how do you help?
Typical reasons: weak business proof, inconsistent documents, unclear source of funds, sensitive industries. We pre-review your file to bank standards — contracts, invoices, flow records — then book the interview through partner channels. Approval rates are far higher than walking in alone.
Q5: What taxes will my Hong Kong company pay?
Territorial-source system: profits tax 8.25% on the first HKD 2M and 16.5% above, no VAT, no dividend withholding tax. Offshore-source profits may claim exemption. Annual audit + tax filing are mandatory — we run both for you.
Q6: Can I use a HK company to trade with Chinese suppliers?
Yes — the classic structure: mainland factory ships directly, your HK company re-invoices the overseas buyer, margin stays in your HK multi-currency account. Need on-the-ground operations? We register a Shenzhen WOFE.
Q7: What is a Shenzhen WOFE — and is it worth it?
A Wholly Foreign-Owned Enterprise: 100% foreign ownership, can hire staff, sign local contracts, issue fapiao and import/export in its own name. Ideal for sourcing offices, QC teams and trading. We handle registration, bank account, trade rights and bookkeeping.
Q8: What are the yearly running costs?
Four items: ① annual return + BR renewal (government fees); ② secretary / registered address service; ③ audit & tax filing (depends on turnover and documents); ④ bank account fees. We quote an annual package with every item listed — no mid-year surprises.
Q9: Hong Kong, Singapore, BVI or Delaware?
Trading with China, e-commerce payouts, IP used in Asia → Hong Kong wins on cost-benefit: low tax, next to the mainland, fast accounts. BVI/Cayman = holding structures; Singapore = SEA focus. Start with HK, expand later — we plan the full stack.
Q10: Does CRS reporting affect my account?
Under CRS, account data is exchanged with your home tax authority. The right response is boring but effective: proper books, timely audit and filing. That's exactly what keeps an account healthy for years — and what we manage for every client.