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

Incorporating a Hong Kong Limited Company for Turkish Digital Agencies

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

Turkish digital agencies can incorporate a Hong Kong Limited company to access Asian markets and utilize the local territorial tax system. Osome provides the necessary corporate secretarial and formation services to manage the entity remotely.

Founders must remain aware of their tax obligations in Turkey, specifically regarding KVK Article 3 and potential reporting requirements for foreign-controlled entities.

§ 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 · Turkish Digital Agencies

What the tax authority sees

US federal / local status

Hong Kong operates 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 ensure compliance with Turkish CFC rules under KVK Article 3.

Key compliance risks
  • 01Turkish KVK Article 3 controlled foreign corporation (CFC) tax exposure
  • 02Potential double taxation if tax residency is challenged in Turkey
  • 03Strict anti-money laundering (AML) requirements 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
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. The Genç Girişimci İstisnası (Young Entrepreneur Exemption) is specific to sole proprietorships registered in Turkey under the Turkish Commercial Code and does not apply to foreign-incorporated entities.
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.