Yes, foreign individuals and businesses can establish a private limited company in Hong Kong. Hong Kong has a highly favorable business environment that encourages international investments. The government welcomes foreign entrepreneurs and investors to incorporate companies, allowing them to fully own and operate businesses without any restrictions.
To set up a private limited company in Hong Kong, foreign individuals or businesses need to adhere to certain requirements and procedures, such as appointing a local company secretary and a Hong Kong resident as a director, providing a registered office address, and submitting the necessary incorporation documents to the Companies Registry.
Engaging a professional service provider familiar with local regulations and procedures can greatly facilitate the company formation process for foreign entities. It is important to note that while foreign individuals and businesses can establish companies in Hong Kong, they must comply with local laws, tax regulations, and ongoing reporting requirements to maintain their legal and operational compliance.