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

Incorporate a Hong Kong Limited Company for Vietnamese Developers

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

Vietnamese freelance developers can incorporate a Hong Kong Limited company to access international payment gateways and global clients. Hong Kong offers a territorial tax system that excludes most offshore-sourced income from local taxation.

Using Osome as a corporate service provider facilitates the formation process and ongoing statutory compliance. Founders must remain compliant with both Hong Kong company law and Vietnamese tax regulations regarding foreign-sourced 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
$2,730
≈ $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 · 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 regime of 8.25% on the first HKD 2M of assessable profits.

Home-country rule

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

Editorial verdict

Use Osome for automated compliance; ensure your Vietnamese tax filings account for Circular 111/2013 regarding foreign-source income and USD-to-VND conversion rates.

Key compliance risks
  • 01Vietnamese CFC and foreign-source income reporting requirements
  • 02Strict bank account opening due diligence for non-resident directors
  • 03Potential double taxation if tax residency is not clearly established
§ 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)

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

Circular 111/2013 requires Vietnamese tax residents to declare worldwide income. You must report dividends or salary received from your Hong Kong entity to the Vietnamese tax authorities, converting USD earnings to VND at the exchange rate effective on the date of receipt.
More profiles for Hong Kong Ltd
Vietnamese Freelance Developers — other jurisdictions
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.

Claim on Osome (Singapore)