Comparison: Subsidiary vs Hong Kong Branch vs Representative Office

 SubsidiaryHong Kong BranchRepresentative Office
Entity nameOwn choiceMust be the same as the parent companyMust be the same as the parent company
Activities allowedNo restrictionsMust be the same as the parent companyOnly marketing and liaison activities are allowed
Separate legal entityYesNo
Liabilities extend to the parent company
No
Liabilities extend to the parent company
Ownership

Can be 100% foreign or locally owned

An extension of the parent company only

An extension of the parent company only

Hong Kong officersA local Hong Kong resident or company is required to be appointed as a company secretaryA local Hong Kong resident is required to be appointed as an authorized representativeA local Hong Kong resident is required to be appointed as a chief officer