Hong Kong was established as a Special Administrative Region of the People's Republic of China on 1 July 1997. It has a well-established legal system based on common law, the rule of law and an independent judiciary.

Hong Kong is the premier financial centre in Asia and one of the top-tier international financial centres in the world. It has its own stock exchange the HKE which is part of the HKEx Group which operates the securities and derivatives markets and is the frontline regulator of listed companies in Hong Kong. The HKEx Group also owns the London Metal Exchange (LME) in the UK, the world's premier base metals market it also an equal joint-venture partner with the Shanghai Stock Exchange and Shenzhen Stock Exchange in China Exchanges Services Company (CESC), which is registered and incorporated in Hong Kong. CESC aims to contribute to the further internationalisation of China's capital markets and provide global investors with exposure to the world's second largest economy.

The Hong Kong Monetary Authority (HKMA) is the government authority in Hong Kong responsible for maintaining monetary and banking stability.

Other basic facts:

Time zone

Greenwich Mean Time +8


Official language

Chinese. English is also officially recognised and Cantonese is the regional language.


National currency

Hong Kong Dollar (HKD)



Permitted currenciesMajor international currencies
Standard currencyHK$. Share capital can be in one or more currencies
Minimum issued capitalOne (1)
Usual authorised capitalN/A
Par / nominal valueN/A
MinimumOne (1)
Natural personAt least one (1)
Corporate directorAllowed, provided there is at least one natural director
Local directors requirementsNo
Location of meetingAnywhere
Minimum numbers of meetingsPer Articles of Association
Publicly accessible recordsYes
MinimumOne (1)
Bearer sharesNo
Corporate shareholdersAllowed
Local shareholders requirementsNo
Location of meetingAnywhere
Minimum number of meetingsOne (1) annually
Publicly accessible recordsYes
MinimumOne (1)
RequirementsA company secretary of a Hong Kong private limited company must be a Hong Kong resident or company
RequirementsLocal registered office in Hong Kong
Preparation of accountsYes
Audit requirements and filingYes
Publicly accessible recordsNo
Annual returnYes
Tax FilingCompanies must file their annual tax teturn within one month from the date of notification from the HK Inland Revenue Department. Companies can request for an extension, if needed
Corporate tax

Commencing from the year of assessment 2018/19

Assessable profits:

  • First HK$2 million - tax rates: 8.25%
  • In excess of the first HK$2 million - tax rates: 16.5%
Foreign-sourced incomeHong Kong follows a territorial system of taxation. Taxes are only levied on income derived from or arising in Hong Kong and not on foreign sourced income, even if the profits arising abroad are remitted into Hong Kong
Capital Gains TaxNone
 Legal systemCommon Law
 Corporate redomiciliationNo
 Double taxation treaty accessYes
 Exchange controlNo
 Shelf companies availableYes


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