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Hong Kong Ltd · via Sleek (Singapore)·🇻🇳Founder profile

Incorporating a Hong Kong Limited Company for Vietnamese Freelance Developers

VerifiedJul 2026
EligibilityEligible
Setup timeline14–30days
Year-1 total$1,499

Vietnamese freelance developers can establish a Hong Kong Limited company to access international payment gateways and global clients. Hong Kong provides a stable legal framework and a territorial tax system that excludes non-HK sourced income.

This setup requires compliance with both Hong Kong corporate regulations and Vietnamese personal income tax requirements under Circular 111/2013 regarding foreign-source earnings.

§ 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 · Vietnamese Freelance Developers

What the tax authority sees

US federal / local status

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

Home-country rule

Circular 111/2013 on foreign-source income; USD conversion rules

Editorial verdict

Use Sleek for remote incorporation to handle the mandatory local company secretary requirement; ensure you document all foreign-source income for Vietnamese tax compliance under Circular 111/2013.

Key compliance risks
  • 01Vietnamese tax authority scrutiny on offshore income remittance
  • 02Mandatory local company secretary and registered office requirement
  • 03Difficulty in opening local HK bank accounts for non-resident directors
§ 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
01FilingSleek (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)

Full comparison →
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 does not require directors or shareholders to be residents. However, you must appoint a local company secretary and maintain a registered office address in Hong Kong, which platforms like Sleek provide.
More profiles for Hong Kong Ltd
Vietnamese Freelance Developers — other jurisdictions
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.

Claim on Sleek (Singapore)