Jens Krämer

How I Set Up Shop in Hong Kong

 |  business, hong kong, offshore

In the recent years I’ve spent a great deal of my time travelling and living outside of Germany. After officially giving up my registered address in Germany when it was clear I wouldn’t return permanently very soon I however had a problem - you cannot have a freelancing business in Germany without actually living there.

It was about time to decouple my business from my personal physical location.

After some research I chose Hong Kong as the place where my new business should be registered, for these reasons:

Hong Kong

Add in the fact that Hong Kong is an amazing city well worth a visit or two, and you can see that a Hong Kong Limited is an ideal fit for the so-called digital nomads.

How to Set Up a Hong Kong Limited

Unless you are planning to stay in Hong Kong for a few weeks or longer and are willing to learn a lot about how the local administration works, I’d strongly suggest you go with an agency to handle the company setup for you. This comes at a price for sure, but in most cases you will be better off working on your core business instead of saving a few bucks by doing the registration on your own.

Whichever way you go, you will definitely need a Hong Kong office address and appoint a local company secretary, both of which are conveniently provided by the same agencies that also handle the company setup.

After some research I went with Bridges. With around HKD 10.000 for initial company setup and HKD 4.500 per year for the virtual office / company secretary bundle they are definitely not the cheapest option around, but from the very first email until now they made a totally professional and trustworthy impression. The Bridges main office is located at the heart of Hong Kongs central business district, which is also where the virtual office of your company will reside.

All in all the process of setting up my Hong Kong Limited with Bridges was a totally painless experience. My contact at Bridges, Alex Lo, patiently answered all my questions in a very timely fashion.

Here’s how it went, step by step:

Of course a proper company should have a bank account, and this is the second step after the formal registration is completed. Here’s how opening a bank account in Hong Kong went for me.

Oh, and if after reading this you decide to go with Bridges to open your own Hong Kong Limited - mention that I (Jens Kraemer / Electric Things Limited) sent you and you will get a discount of HKD 500! Full disclosure: I’ll get the same amount.

  1. I went with the three most recent landline/DSL bills. Any valid government-issued ID with an address on it or any utility bill addressed to your name will do for the company setup.

  2. The ‘company kit’ consists of your company’s certificate of registration and statute in english and chinese, and, just to be sure, 5 sets of documents for setting up a bank account. Also included are stamps in two sizes and a seal with your company name on it.

Comments

You can use Markdown here.

For the sake of spam checking any data you submit, including your IP address, will be transferred to the US based Akismet web service (akismet.com). If that's not acceptable for you, you can also reach me by other means.