Business Development
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1 Why set up a company in Hong Kong? A haven of stability and prosperity A legal framework based on the English common law Hong Kong economy is the 1 st freest for the 20 th consecutive year (Index of Economic Freedom 2014, Wall Street Journal) No corruption Anglo-Saxon business culture Free circulation of capital and goods An attractive and stable tax system 3 rd lowest taxation in the world Only 3 direct taxes: on profit, on income and on property No taxe on dividend, no Value Added Tax Tax agreement between France and Hong Kong Tax and free-trade agreements between Hong Kong and Mainland China A gateway to China and Asia Business Development A historical crossroads for business between Chinese companies and the rest of the world A dynamic consumption A consumption highly boosted by the increasing number of tourists (the majority of them coming from Mainland China) and their appeal to new things A leading market for French products 2 nd trade surplus of France in the world The French know- how contributing to local GDP A strong French presence More than 750 French companies or subsidiaries in Hong Kong, hiring almost 30,000 employees and generating 7 billion revenues 16,000 French people representing a dynamic and diversified business community (groups, SME, start-ups) An excellent reputation of France in Hong Kong: French know-how is well represented in leading sectors in Hong Kong such as Trading, Finance, Food & Beverage, Infrastructure, etc.
2 Full Package set up and domiciliation of a company Creation and domiciliation : HK$ 22,000 Are included : The research for the availability of the company name with the Companies Registry Center The incorporation of the company The writing and submission of the statutory documents of the company The statement declaration of the name and address at the Inland Revenue Department The communication of the domiciliation address to the Companies Registry The nomination and fees of your Company Secretary (mandatory for the creation of your company) Our assistance for the opening of a multi-currencies bank account The 1 st year of domiciliation at the French Chamber of Commerce : o Located in heart of the business district Central in Hong Kong o Allocation of a private phone number and fax o Reception calls on behalf of your company by a trilingual receptionist (English, Cantonese, Mandarin) o Handling your mail o Forwarding your mail per fax or Annual cost: HK$ 22,000 Optional Costs: Accounting (annually or monthly) : HK$ 1,000 / month Working Visa : HK$ 9,500 See our offer for support to get a working Visa Rent an office (in the framework of the Visa application) These costs don t include the profit tax (16.5%), payroll taxes, such as the MPF (5%) and other operational expenses
3 Annual Cost of a company in Hong Kong The package includes the cost for the creation and the domiciliation of your Private Limited Company for the first year in Hong Kong. For the next years: Mandatory administrative costs: Annual Company Secretary fees: HK$ 6,000 (including renewal of the Business Registration Certificate and the submission of Annual Return) Annual domiciliation fees : choice between option 1 (HK$ 4,800) or option 2 (HK$ 9,000) please see here after Auditing annual fees (if the business has started) Audit: minimum of HK$ 15,000 (after 18 months of activity, then once a year) Annual cost: around HK$ 27,000 Optional variable costs: Accounting (annually or monthly) : minimum HK$ 1,000 per month Mandatory Provident Fund (employees retirement system) : 5% of employees income (limited to HK$ 1,250 per month) Additional services (monthly payroll, minimum HK$ 275) Renting an office These costs don t include the profit tax (16.5%), payroll taxes, such as the MPF (5%) and other operational expenses
4 Domiciliation Offer Appui aux entreprises Our virtual office offers the same advantages as a physical office but at a much lower price. It enables you to run your business either from your home or your offices in France with a professional image in Hong Kong. Our offer includes a corresponding address in the heart of the business district in Hong Kong, a private phone number with a professional receptionist to answer your incoming calls on behalf of your company and the daily management of your mails and couriers. You can choose between two options: 1. Option 1: corresponding address and mails forwarding 2. Option 2: corresponding address, fax and mails forwarding, private professional receptionist on behalf of your company. Option / Type Option 1 Option 2 Mensual Cost Annual Cost HK$ 400 (*) HK$ 4,800 HK$ 750 (*) HK$ 9,000 Address in the center of the business quarter in Hong Kong Administrative corresponding address Reception of the mails (possible (**) (**) forward worldwide) Scan and forward of your mail by - Private mailbox - Private phone number Fax number - Professional trilingual receptionist - for your private line Taking messages - Voic - Voic to - Reception and forward of Fax (by - scan) Competitive prices for the Video-Conference Free access to the Wi-Fi in our - pantry Free soft-drinks/coffee in our pantry - On demand secretarial services - (*) Minimal subscription of one year payable in advance (**) For any mail of less than 40g (except parcels, large mails, express and acknowledgment letters)
5 Why set up a company with the French Chamber? A customized service during the whole incorporation process Arranging appointments with the Company Secretary and the bank for opening the bank account. o A virtual domiciliation in the heart of Hong Kong s business district with the allocation of a private phone number, fax and mails forwarding, messages, voic s and daily management of mails o Facilitating connections with trustful partners A wide range of services to answer your needs Supporting for a working visa application, Renting an office in our Business Center, Translating your documents by authorized translators, Performing business missions (i.e market research, business matching, etc.) The French Chamber is a dynamic organization to connect people, ideas and actions 1 st European chamber in Hong Kong, 4 th French chamber in the world, members (out of which 60% are French people), 25,000 readers of the quarterly magazine Hong Kong Echo Become a member and benefit from this network to get your business on the fast track Participation to the French Chamber s events (100 events per year) to grow your network, Enrolment in our committees (16 committees organized by sectors of activity) to share your experience, Reception of our newsletters to stay informed about economic news and trends.
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