CA-Led Company Setup and Compliance in Hong Kong

VJM Global provides a full range of services for companies incorporated in Hong Kong or considering Hong Kong as their Asia-Pacific base. Core areas include: company incorporation and business registration under the Companies Ordinance (Cap. 622); annual Profits Tax Return preparation with the Inland Revenue Department; Mandatory Provident Fund payroll setup and monthly compliance under Cap. 485; statutory audit co-ordination with HKICPA-registered auditors; bookkeeping and management accounts in Xero, QuickBooks, or client-preferred platforms; transfer pricing documentation under DIPN 46 and DIPN 58; and India–Hong Kong DTAA structuring and FEMA compliance for Indian parent companies. All services are delivered by a CA-led team under ISO 27001 certified data security protocols.

Foreign companies entering Hong Kong need more than a company secretary — they need a CA-led team that understands the full compliance cycle: Profits Tax (including offshore income analysis), mandatory HKFRS audit, MPF payroll, Companies Registry filings, and the interaction with home-country reporting requirements. VJM Global brings 20+ years of cross-border chartered accountancy experience, ISO 27001 data security certification, and a multi-country practice covering India, the UAE, the United States, the United Kingdom, and Singapore alongside Hong Kong. For Indian companies specifically, our team handles FEMA ODI compliance and Profits Tax from one engagement — no handoffs between two separate firms.

Company registration is the starting point, not the full scope. After incorporation, a Hong Kong company must register for Business Registration, open a corporate bank account, enrol any employees in the Mandatory Provident Fund within 60 days of hiring, respond to the Profits Tax Provisional Assessment from the Inland Revenue Department, prepare HKFRS-compliant financial statements for the statutory audit, and file annual returns with the Companies Registry. VJM Global structures the post-incorporation engagement to cover each milestone on schedule — so clients do not miss deadlines due to unfamiliarity with Hong Kong's compliance calendar. The engagement is built around the annual cycle, not one-off tasks.

The three main compliance obligations run on different schedules and involve different regulators. Profits Tax: assessed annually by the Inland Revenue Department, return filed based on the company's financial year-end. MPF: monthly contributions due by the 10th of the following month to the registered MPF scheme. Companies Registry: annual return due within 42 days of the anniversary of incorporation. Statutory audit: financial statements must be audited by an HKICPA-registered auditor before the Profits Tax Return can be submitted. VJM Global co-ordinates all four tracks under a single engagement — with a calendar-based reminder system so no deadline is missed and no penalty is incurred.

VJM Global supports all major accounting platforms used in Hong Kong, including Xero, QuickBooks, Oracle NetSuite, SAP, Zoho Books, and Tally. For clients with no existing software, we recommend Xero — it integrates with Hong Kong bank feeds, supports multi-currency accounting in HKD, USD, RMB, and INR, and produces HKFRS-compliant reports suitable for the statutory audit. For clients using group ERP systems, we work within the client's platform and produce the HKFRS year-end reports required by the HKICPA-registered auditor. All bookkeeping data is handled under VJM Global's ISO 27001 certified information security protocols.

An employer of record arrangement allows a company to employ staff in Hong Kong through a third-party entity before its own company is incorporated. This can be relevant for companies that need to hire locally for business development or compliance purposes before completing formation. Hong Kong company incorporation typically completes within one to two business days, so EOR is rarely required for more than a brief transitional period. VJM Global advises on whether EOR is appropriate for the client's specific hiring timeline, and manages the transition from EOR to direct employment under the client's own entity — including MPF scheme enrolment and employment contract novation under the Employment Ordinance (Cap. 57).

VJM Global is ISO 27001 certified for information security management — the internationally recognised standard for how confidential financial data is collected, stored, processed, and transmitted. For Hong Kong clients, this is particularly relevant given the sensitivity of Profits Tax workings, transfer pricing documentation, and board resolutions. All client data is handled under documented information security protocols with access controls, data retention policies, and incident response procedures. Hong Kong's Personal Data (Privacy) Ordinance (PDPO, Cap. 486) governs how employee and director personal data must be handled — VJM Global's processes are structured to comply with PDPO obligations alongside ISO 27001 certification.

VJM Global has sector experience across the industries that drive foreign investment into Hong Kong. For financial services groups, our team handles intra-group financing transfer pricing, AEOI/CRS reporting, and FATCA compliance alongside Profits Tax filings. For technology and IP companies, we provide R&D deduction advisory and IP licensing transfer pricing documentation. For family offices qualifying under the 2023 Profits Tax exemption regime, we provide exemption structuring advisory and cross-border FEMA compliance for Indian HNI clients. For trading companies, we advise on offshore Profits Tax claim positions and prepare DIPN 46 transfer pricing studies for goods trading arrangements. VJM Global covers the full compliance cycle for each sector — from standard annual filings to sector-specific transfer pricing and regulatory advisory.