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Services
| Entity | Subsidiary Company | Branch Office (Non-Hong Kong Company) | Representative Office |
| Entity Name | Need not be the same as parent company | Must be the same as parent company | Must be the same as parent company |
| Business Activities Allowed | Can conduct all business activities | Must be the same business activities as the parent company | Can only conduct market research or coordinating activities |
| Suitable For | For local or foreign companies who wish to expand their operations in Hong Kong | For foreign companies who wish to expand their operations in Hong Kong | For foreign companies who wish to set up temporary vehicle in Hong Kong to conduct research and act as liaison office |
| Disadvantages | Continuing compliance obligations e.g. financial reports, audit, AGMs, annual filings, etc. | Continuing compliance obligations e.g. financial reports, audit, annual filings, etc. | It is a temporary vehicle and cannot generate revenue |
| Ownership | Can be 100% foreign or locally owned | Just an extension of its parent company | Just a temporary administrative arrangement |
| Separate Legal Entity | Yes | No | No |
| Cap on Number of Members | Yes, max 50 | Not applicable | Not applicable |
| Minimum Setting up Requirement | One shareholder , which can be foreign or local individual or corporate shareholder AND must have at least one individual director | Must have one Hong Kong resident agent | No special requirements |
| Entity | Subsidiary Company | Branch Office (Non-Hong Kong Company) | Representative Office |
| Limited Liability | Yes | No | No |
| Audit Accounts | Yes | Yes, if parents accounts is also required to be audited | No |
| Filing of Annual Return with CR | Yes | Yes | No |
| Annual Filing | Must file audited report of the Hong Kong subsidiary with IRD | Must file branch offices as well as parent companys accounts or audited reports with IRD | Not Applicable |
| Taxation | Taxed as Hong Kong resident entity, local tax benefits eligible | Taxed as Hong Kong resident entity, local tax benefits eligible | Not Applicable |
| Cessation of Business upon Death of a Member | No. Equity shares go on in perpetuity | No | Not Applicable |
| Validity Period | Perpetually until deregistered | Perpetually until deregistered | No restrictions on the duration |
| Usual Registration Time | Actual registration with CR and IRD can be done in 1 day. Preparation of incorporation documents will require about 1 day | Actual registration with CR and IRD can be done within 2 to 4 weeks. Preparation of incorporation documents will require about 1 day | Actual registration with IRD can be done in 1 day |
| Appointment of Officers | Must appoint at least one individual director | Must appoint one resident agent | No special requirements |
| Governing Body | CR & IRD | CR & IRD | CR & IRD |
| Bank Account | Can open bank account in Hong Kong | Can open bank account in Hong Kong | Can open bank account in Hong Kong in the name of the foreign parent company |
| Registration Costs | Hong Kong Company Registration Package #HKLLC05 | Hong Kong Branch Office Registration Costs | Hong Kong Representative Office Registration Costs |
The above quotations are for preliminary reference only and do not constitute final transaction terms. All service fees shall be based on the actual quotation provided by our company for each individual case. We reserve the right to adjust pricing at any time without prior notice.
Email: info@kaizencpa.com
Tel: +852 2341 1444 (Hong Kong); +86 755 8268 4480(Shenzhen); +86 21 6439 4114(Shanghai);
You can click here for information about “FAQs of Hong Kong Company Incorporation”
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