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Hong Kong Ltd · via Osome (Singapore)·🇪🇸Founder profile

Incorporating a Hong Kong Limited Company for Spanish Consultants

VerifiedJul 2026
EligibilityEligible
Setup timeline14–30days
Year-1 total$1,650

Hong Kong provides a territorial tax structure suitable for international consultants seeking to manage global revenue. Osome facilitates the incorporation process by handling the registration and compliance requirements remotely.

Spanish tax residents must evaluate this structure against local 'autónomo' obligations and the Beckham Law regime to determine the net tax impact on their consulting income.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$2,730
$113.75/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupOsome (Singapore) setup
    $1,650
  • AnnualYear 2 renewal
    $1,080
Total$2,730
§ 02Tax residency · Spanish Nomad Consultants

What the tax authority sees

US federal / local status

Hong Kong operates under a territorial tax system with a two-tier profits tax regime of 8.25% on the first HKD 2 million of assessable profits and 16.5% on the remainder.

Home-country rule

Beckham Law regime; autónomo alternative comparison

Editorial verdict

For Spanish consultants, compare the HK Ltd tax efficiency against the Beckham Law (IRNR) to avoid double taxation and ensure your Spanish tax residency status is correctly reported.

Key compliance risks
  • 01Potential Spanish CFC (Controlled Foreign Corporation) rules application
  • 02Difficulty in opening local HK bank accounts for non-resident directors
  • 03Requirement for a local registered office address
  • 04Strict annual audit requirements for all HK companies
§ 03Setup timeline

From filing to funded bank account

Setup timeline
14–30days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d8
d15
d23
d30
01FilingOsome (Singapore) submits formation docs
d0–d11
02Tax ID / EINLocal tax authority registration
d9–d23
03BankingBusiness account approved & funded
d18–d30
§ 04Head-to-head

Hong Kong Ltd vs UAE Free Zone (MEYDAN)

Hong Kong Ltd
Ltd
UAE Free Zone (MEYDAN)
Free Zone LLC
Entity
Ltd
Free Zone LLC
Setup cost
$64.00
$1,306
Annual
$384.00
$1,306
Local director
Remote OK
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
8.25% first HKD 2M profit; territorial system
9% CT above AED 375k; 0% VAT for out-of-UAE trade
§ 05Questions founders actually ask

FAQ

No. Hong Kong follows a territorial source principle of taxation. Profits derived from services performed outside of Hong Kong are generally not subject to Hong Kong profits tax, provided the company does not have a permanent establishment in the country where the work is performed.
Next step

Start filing with Osome (Singapore)

Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.