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Hong Kong Ltd · via Sleek (Singapore)·🇹🇷Founder profile

Incorporating a Hong Kong Limited Company for Turkish Digital Agencies

VerifiedJul 2026
EligibilityEligible
Setup timeline21–45days
Year-1 total$1,499

Hong Kong allows non-resident digital agencies to incorporate a private limited company with 100% foreign ownership. The jurisdiction operates under a territorial tax principle, meaning only profits sourced within Hong Kong are typically subject to local corporate tax.

Turkish founders must manage the interaction between Hong Kong's two-tier tax regime and Turkey's KVK Article 3 requirements. Proper structuring is required to maintain tax efficiency while meeting local compliance obligations.

§ 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
$2,398
$99.92/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupSleek (Singapore) setup
    $1,499
  • AnnualYear 2 renewal
    $899.00
Total$2,398
§ 02Tax residency · Turkish Digital Agencies

What the tax authority sees

US federal / local status

Hong Kong utilizes a territorial tax system with a two-tier profits tax regime of 8.25% on the first HKD 2 million of assessable profits.

Home-country rule

KVK Article 3 (kurumlar vergisi mükellefiyeti); Genç Girişimci İstisnası opt.

Editorial verdict

Turkish agencies should leverage the territorial tax system to exclude non-HK sourced income, but must confirm compliance with KVK Article 3 to avoid double taxation in Turkey.

Key compliance risks
  • 01Turkish KVK Article 3 permanent establishment risk
  • 02CFC rules application for Turkish tax residents
  • 03Strict bank account opening requirements for non-residents
§ 03Setup timeline

From filing to funded bank account

Setup timeline
21–45days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d11
d23
d34
d45
01FilingSleek (Singapore) submits formation docs
d0–d16
02Tax ID / EINLocal tax authority registration
d14–d34
03BankingBusiness account approved & funded
d27–d45
§ 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

Under Hong Kong's territorial tax system, profits that are not sourced in Hong Kong are generally not subject to Hong Kong profits tax. However, you must maintain proper documentation to prove the offshore nature of your business activities to the Inland Revenue Department.
Next step

Start filing with Sleek (Singapore)

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