Establishing a presence in Asia often begins with a single question: is Hong Kong the right fit? While the city is consistently ranked as one of the easiest places to do business, entrepreneurs often encounter specific technical hurdles during the incorporation phase.

As a specialized tax and legal firm, HKWJ Tax Law has compiled the 8 most critical questions (FAQs) we receive from international clients. This guide serves as a deep-dive companion to our Step-by-Step Guide to Opening a Company in Hong Kong 2026, providing the precision you need to stay compliant.

Q1. Can I incorporate if shareholders or directors cannot be present in Hong Kong?

Yes. Remote incorporation is entirely possible as long as all due diligence documentation is provided and payment is settled. You generally have two professional paths:

• Incorporate the company initially under the service provider’s name (as a “shelf” or ready-made setup) and subsequently transfer the directorship and shareholding rights to you.
  
• OR/ Appoint directors and shareholders directly by sending the physical documentation via courier for signatures and returning them to our office.

Because directors can be located anywhere, the Registry often requires specific ‘Certified True Copies’ of identification. You can find the full list of these requirements in our company registration documents checklist.

Q2. Can the process be expedited for those with limited time in the city?

Yes. For clients visiting Hong Kong on a tight schedule, we recommend incorporating the company under the service provider’s name first. This allows us to prepare all relevant resolutions in advance. On the day you are in Hong Kong, the directorship or shares can be transferred immediately.

While incorporation is fast, booking a business bank account appointment usually requires more lead time due to the banks’ rigorous due diligence processes.

Q3. Must both directors and shareholders be present for the bank account opening?

This depends entirely on the bank’s internal policy. Generally, banks require the director (the signatory to the banking documents) to be present for the interview. While some banks may waive the requirement for minority shareholders, all account signatories must be present at all times during the application process.

Q4. How much does it cost to register a business in Hong Kong?

The cost is divided into government fees and professional service fees. As of April 1, 2025, the government Business Registration (BR) fees are:

• HK$2,200 for a one-year certificate.
• HK$5,720 for a three-year certificate.

Additional costs include the incorporation fee and professional services for a licensed Company Secretary or registered office address. Because there is no minimum share capital requirement, the initial “entry cost” for Hong Kong remains very competitive.

Q5. Can foreigners truly start a business in Hong Kong without residency?

Yes. Hong Kong is one of the few jurisdictions with zero restrictions on the nationality or residency of shareholders and directors. You can own 100% of your company from anywhere in the world.

The only “local” requirement is the appointment of a Company Secretary, who must be either a Hong Kong resident or a corporate entity holding a Trust or Company Service Provider (TCSP) License.

Q6. What is the difference between a Business Registration Number (BRN) and a Company Registration Number(CRN)?

It is common for new owners to confuse these two identification numbers:

Company Registration Number (CRN):

A 7- or 8-digit number issued by the Companies Registry. Think of this as the company’s “Birth Certificate.”

Business Registration Number (BRN):

An 8-digit number issued by the Inland Revenue Department (IRD). This is your tax identification and is required for all business operations.

While every incorporated company has both, non-incorporated entities (like sole proprietorships) only have a BRN.

Q7. What is the minimum share capital required?

Under the Companies Ordinance, there is no statutory minimum share capital. You must issue at least one share to one shareholder, and the nominal value can be as low as HK$1.

While many entrepreneurs choose a standard issued capital of HK$10,000 (10,000 shares at HK$1 each) for a more professional appearance, it is not a legal requirement.

Q8. How many directors does a Hong Kong company need?

A Hong Kong Limited Company must have at least one director. This director must be a natural person (an individual) and at least 18 years old. There is no maximum limit on the number of directors, and they can reside anywhere in the world. The directors are legally responsible for the management and statutory compliance of the company.

Expert Guidance for Your Hong Kong Journey

Navigating the nuances of the Companies Ordinance requires more than just filling out forms—it requires a strategic partner. At HKWJ Tax Law, we ensure your setup is not only fast but also tax-efficient and legally sound for the long term.

Do you have more questions about setting up your business? Contact our team today for a professional consultation.