How to incorporate a gaming company in Hong Kong 2026: Enjoy the best incentives in the region
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- 1. XNUMX reasons why game companies should incorporate their companies in Hong Kong?
- 2. The most business-friendly tax system in Asia for gaming companies
- 3. Hong Kong gaming company receives payments from Google, Apple does not apply VAT
- 4. Conditions to prepare when establishing a game company in Hong Kong
- 5. How much does it cost to run a gaming company in Hong Kong compared to other countries?
- 6. Process and procedures for establishing a game company in Hong Kong
- 7. Frequently asked questions when setting up a gaming company in Hong Kong
Hong Kong is a great choice for game companies looking to go global. It has a strong gaming market, low taxes, and a clear legal system—making it a friendly place for business. In this article, GLA will guide you through:
- Why gaming businesses should choose Hong Kong to open their overseas company
- What you need to prepare before iforming a game development company there
- Step-by-step process to open your game company in Hong Kong, from A to Z
1. XNUMX reasons why game companies should incorporate their companies in Hong Kong?
Gaming companies should incorporate in Hong Kong for the following reasons:
- 100% foreign ownership: Whether you’re an individual or a company from another country, you can own 100% of your Hong Kong business.
- Growing gaming market: Hong Kong’s gaming industry is booming, with total revenue expected to reach USD 2025 billion by 410.
- Attractive tax incentives: No VAT, no tax on income earned outside Hong Kong, no capital gains tax, no with holding tax on dividends or interest.
- A diverse banking system to suit every need and size of company: Hong Kong ranked first in the Asia-Pacific region and third globally in the Global Financial Centres Index (GFCI) 36 Report, published on 24/09/2024 by London-based think tank Z/Yen and the Shenzhen-based China Development Institute. Hong Kong has a system of traditional and digital banks that are reputable and world-renowned, licensed and regulated by the Hong Kong Financial Authority.
- Lower operating costs: You only need a company secretary and audited reports. Unlike countries like Singapore, there’s no need to hire a local director.
2. The most business-friendly tax system in Asia for gaming companies
Businesses setting up gaming companies in Hong Kong will enjoy tax rates in hong kong Here are the key benefits
- Low personal and corporate income tax rates.
- No capital gains tax
- No VAT, sales tax.
- No withholding tax on dividends, interest, or social security benefits
To compare personal and corporate income tax rates in countries around the world (Hong Kong, Singapore, USA, etc.), Businesses use GLA's All-In-One Tax Rate Comparison Tool to select and evaluate the preferential tax rate suitable for the Enterprise.
| Corporate income tax | |
| Hong Kong | 16,5% |
| Singapore | 17% |
| Mỹ | 21% |
3. Hong Kong gaming company receives payments from Google, Apple does not apply VAT
In particular, for Game Businesses that regularly run Facebook Ads, Google Ads or receive revenue from Facebook, Google, Apple, establishing a Game company in Hong Kong will help the Business reduce 5% VAT on running ads or receiving revenue from Google, Apple, Facebook because Hong Kong does not apply VAT.
Game businesses can refer to the article “Hong Kong - the country that does not collect 5% VAT on Facebook and Google ads"
Businesses use the VAT comparison tool to compare VAT rates in countries around the world with CGLA VAT comparison old man.
4. Conditions to prepare when establishing a game company in Hong Kong
Requirements to prepare when establishing a gaming company in Hong Kong include:
- Hong Kong company name: English or Chinese.
- At least 1 corporate shareholder.
- A Hong Kong company secretary is required.
- Company address in Hong Kong.
- Minimum capital 1 HKD.
5. How much does it cost to run a gaming company in Hong Kong compared to other countries?
The cost of maintaining a gaming company in Hong Kong will include:
- Hire a game company secretary in Hong Kong annually.
- Provide Hong Kong financial reporting services.
- Conduct annual audit reports.
Compared to other countries such as Singapore and the US, the cost of maintaining a company in Hong Kong will be less expensive because in addition to tax incentives in Hong Kong, Hong Kong companies do not need to hire a local director. For Singapore, this is a fixed cost.
For detailed advice on the cost of establishing a gaming company in Hong Kong, contact GLA experts for advice and detailed quotes depending on your business needs.
6. Process and procedures for establishing a game company in Hong Kong
Gaming businesses in Hong Kong can choose from the following types of companies to set up a Hong Kong company:
- Limited Liability Company
- Sole Proprietorship
- Partnership
- Representative Office
Branch Office
Among the above types of enterprises, limited liability companies are the most chosen type of enterprise by game companies.
GLA will support Game companies in preparing documents to establish a Game company in Hong Kong, ensuring the following factors:
- Name of the proposed company to establish a Hong Kong company.
- Charter capital.
- Business description table.
- Director and shareholder information.
- Copy of passport of directors and shareholders.
- Proof of permanent address.
After preparing the documents, GLA will submit the application for establishing a Hong Kong Game company to the Companies Registrar.
Opening a bank account for a Game company in Hong Kong is an important factor, helping businesses conduct financial transactions and register payment accounts with Google and Apple.
Businesses can refer to the list of traditional banks and digital banks open for Hong Kong companies at GLA Bank Comparison Tool.
After successfully establishing a Hong Kong company, the Enterprise registers a DUNS code, Google AdMob to post apps, games on App Store, CH Play, etc.
Reference business Hong Kong company formation process to register Google AdMob.
7. Frequently asked questions when setting up a gaming company in Hong Kong
1. Is it difficult to set up a gaming company in Hong Kong?
Setting up a gaming company in Hong Kong is not difficult if you have the support of an experienced Hong Kong company establishment consultancy unit. GLA supports Gaming Enterprises to open a Hong Kong company in just 1-2 days.
2. How much does it cost to run a gaming company in Hong Kong?
The cost of maintaining a Gaming company in Hong Kong includes:
- Hire a game company secretary in Hong Kong annually.
- Provide Hong Kong financial reporting services.
- Conduct annual audit reports.
Please Contact GLA expert to receive the most accurate advice and quote.
3. What are the advantages of setting up a gaming company in Hong Kong?
Advantages of setting up a gaming company in Hong Kong include:
- Foreign enterprise owns 100% of Hong Kong company.
- Potential game market.
- Attractive tax incentives.
- A diverse banking system to suit all needs and sizes of Hong Kong companies.
- The cost of maintaining and operating a Hong Kong company is lower than some other countries.
4. What accounts should a game company register after establishing a Hong Kong company?
Game companies after establishing a company in Hong Kong should:
- Open an account traditional banking, Digital Bank for Hong Kong gaming company.
- Register DUNS code, Google AdMob, etc. to upload apps and games to App Store, CH Play.
- Establishing a gaming company in Hong Kong will enjoy attractive tax incentives, no VAT, no tax on foreign income, no contractor tax.
- Hong Kong gaming companies running Google Ads and Facebook Ads do not apply VAT advertising tax.
- Opening a bank account for a game company in Hong Kong and registering a DUNS code and Google AdMob are important points to help businesses upload apps and games to the App Store and CH Play.
- GLA will support Businesses Incorporating a company in Hong Kong Fast, accurate, legal, with the best quality and price.
This article was published by GLA on 14/09/2023. Copyright and accompanying content are intellectual property of GLA. All rights reserved.
The guidance and content are for general information only and are not intended to provide specific guidance and advice on accounting, tax, legal or other professional advice. Readers should consult professional advisors on specific issues.