Setting up a company in Hong Kong has become one of the fastest, most reliable ways for entrepreneurs and digital businesses to access global markets. With a stable legal system, low taxes, and easy international banking, it’s no surprise that thousands of businesses register in Hong Kong each year.
In this article, we’ll walk you through how to register a Hong Kong company in just 1 day, including how to open a local or international bank account.
🌏 Why Choose Hong Kong for Company Formation?
Hong Kong is known for:
- 💼 Business-friendly laws
- 🌐 Zero VAT and no sales tax
- 💸 Corporate tax as low as 8.25%
- 🏦 Access to global banking networks
- 🗂️ Simple and fast registration process
It’s a preferred jurisdiction for eCommerce businesses, startups, Amazon FBA sellers, freelancers, and crypto entrepreneurs.
✅ Requirements to Register a Hong Kong Company
You’ll need the following:
- One director (can be foreign or local)
- One shareholder (can be the same as the director)
- A Hong Kong-registered address
- A Company Secretary (can be a local firm)
- Business name and activity
👉 No physical presence or visit is required.
👉 You can complete the process 100% online.
🕒 How to Register in Just 1 Day
With the help of a professional agency or formation service, your company can be incorporated within 24 hours, especially if you submit digital documents in advance.
Steps:
- Submit Documents
- Passport copy or ID
- Proof of address
- Preferred company name
- Business details
- Name Check & Approval
- The company name is checked and approved by the Hong Kong Companies Registry.
- Prepare Incorporation Documents
- Formation agent prepares the Articles of Association and relevant forms.
- File Online
- Submission is done via e-Registry with digital signatures.
- Receive Your Certificate
- You get your Certificate of Incorporation and Business Registration Certificate by email within hours.
🏦 Opening a Bank Account (Local or International)
Opening a business bank account is often the next step. You can choose from:
✔️ Local Bank Account (Hong Kong)
- Banks like HSBC, Hang Seng, or Standard Chartered
- May require a video interview or in-person visit
- Ideal for companies working with Asia-based clients
✔️ Virtual Bank Account
- Fintech platforms like Airwallex, Wise, Statrys, or Payoneer
- No physical visit required
- Multi-currency support and global transfers
- Faster approval and lower fees
🔐 Legal Documents You Will Receive
After successful registration, you’ll get:
- 📄 Certificate of Incorporation
- 📋 Business Registration Certificate
- 📚 Articles of Association
- 🗃️ Company Share Certificate
- 🏢 Registered Address Proof
- 📓 Company Kit (if ordered)
💡 Benefits of a Hong Kong Company with Bank Account
- 🌍 Access to global payment gateways (Stripe, PayPal, etc.)
- 🔐 Better credibility with international partners
- 💳 Easy multi-currency transactions
- 📉 Low tax rates and no capital gains tax
- 🧾 Easy bookkeeping and compliance
⚠️ Things to Keep in Mind
- Annual renewal of business registration is required
- Audit and tax filing is mandatory (even for zero income)
- Choose banks that support non-resident owners
- High-risk businesses may face more verification
❓ Frequently Asked Questions (FAQs)
1. Can foreigners register a company in Hong Kong?
Yes. Hong Kong allows 100% foreign ownership. You don’t need to be a resident to set up a business.
2. Is a physical visit to Hong Kong necessary?
No. Everything—from registration to banking—can be done remotely with online support from licensed agents.
3. How long does it take to get my company documents?
Typically within 24 hours, if all submitted documents are in order.
4. What is a Company Secretary, and do I need one?
Yes, it’s a legal requirement. The Company Secretary ensures your business remains compliant with the Companies Ordinance.
5. How much does it cost to form a company in Hong Kong?
Costs vary by provider but generally range from $300 to $700 USD, depending on services (e.g., banking, address, secretarial services).
6. Are Hong Kong companies good for eCommerce or crypto?
Absolutely. They’re ideal for Stripe/PayPal access, holding digital assets, and managing global transactions.
🧾 Final Thoughts
A Hong Kong company formation with a bank account is one of the smartest moves for global entrepreneurs, offering access to trusted banking systems, international credibility, and business flexibility—all within a day.
If you’re looking to expand globally, minimize taxes, and stay fully compliant—Hong Kong offers an efficient and accessible option for everyone from freelancers to funded startups.
💼 Ready to start your business in Hong Kong?
Choose a reliable formation service, and launch your global company in just 1 day.