Accountant Explains: TOP 5 FAQ about Hong Kong Company From my Digital Nomad Clients

Accountant Explains: TOP 5 FAQ about Hong Kong Company From my Digital Nomad Clients


In this video, I cover the 5 most common questions I get from my digital nomad clients about setting up a Hong Kong company. 🌏 With over 8 years of experience as a CPA in Hong Kong, I've helped thousands of international clients from over 40 different countries structure and maintain their Hong Kong LLC. Whether you're already familiar with Hong Kong companies or just starting your research, this video provides real-life insights that can help you make informed decisions.


🎥Timestamps:
00:00 Introduction
00:57 FAQ 1: Can I Own a Hong Kong Company as a Foreigner?
01:41 FAQ 2: What Is the Timeline for Company Incorporation?
02:21 FAQ 3: Can I Open a Business Bank Account as a Foreign Owner?
03:26 FAQ 4: What Are the Tax Rates on Company’s Profits?
04:44 FAQ 5: What Are the Costs to Set Up and Maintain a Hong Kong Company?
06:18 Conclusion and BOOK a FREE Call
06:57 Outro - Recommended Videos & Comment Like Subscribe!


📋 FAQ Highlights:

✅ FAQ 1: Can I own a Hong Kong Company as a foreigner?
Yes! No local director is required, and you can 100% own and control a Hong Kong company from anywhere in the world. 🌍
(Differences between Hong Kong and Singapore company structures also discussed.)

⏳ FAQ 2: What Is the Timeline for Company Incorporation?
Typically, it takes 3 working days to incorporate a company in Hong Kong. Learn about the exact process and what documents are needed.

🏦 FAQ 3: How Easy is it to Open a Bank Account in Hong Kong?
With more options than ever in 2024, opening a business bank account is straightforward, whether you choose a traditional bank or a fintech solution.
(I also share why Hong Kong is a more welcoming jurisdiction than others.)

💰 FAQ 4: What Are the Tax Rates on Company’s Profits?
Hong Kong is a tax-friendly jurisdiction with no VAT, capital gains, or dividend tax. Discover when you can benefit from a 0% tax rate and when the 8.25% or 16.5% rates apply.

📊 FAQ 5: What Are the Costs to Set Up and Maintain a Hong Kong Company?
Learn about the first-year incorporation costs (around USD 1,000-2,000) and the annual ongoing costs (USD 3,000-4,000) to maintain your company.


🌟 Why Watch This Video?
• Clear answers to common digital nomad questions about Hong Kong LLCs
• Step-by-step breakdown of incorporation, banking, and tax processes
• Expert insights from a Hong Kong-based CPA with 8+ years of experience
• Up-to-date information on banking and tax policies as of 2024


📞 Want more personalized help?
I offer FREE consultation calls if you're planning to set up your company in Hong Kong. Check the LINK in the COMMENT to book a session.

Thanks for watching! If you found the content helpful, please give it a thumbs up 👍 and subscribe for more Hong Kong business tips!

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