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Hong Kong Companies

Hong Kong offshore company is one of the most stable, tax-efficient corporate structures. Some of the principal features, advantages of a Hong Kong offshore company include:

  • A Hong Kong offshore company is an excellent corporate vehicle to house global corporate profits, thus minimising international taxation;
  • Favourable corporate tax rules make a Hong Kong offshore company the perfect holding company;
  • A Hong Kong offshore company is an excellent medium through which to enter the Chinese market;
  • Hong Kong's corporate and personal banking system is one of the most secure in the world. Hong Kong has strict client confidentiality and bank secrecy laws and is not a signatory to the Organisation for Economic Cooperation and Development (OECD) tax harmonisation initiative, and so it does not exchange customer information across borders.

Key Features

General
Type of entity Private Limited
Type of law Common
Shelf company availability Yes
Our time to establish a new company 7 days
Minimum government fees (excluding taxation) US$320
Corporate Taxation
 
Nil on Foreign Profits
 
Double taxation treaty access

China and 25 other countries – Comprehensive (Corporate and Personal Income Tax). Some other countries – for shipping and aviation. 

Share Capital or Equivalent
Standard currency HK$
Permitted currencies Any
Minimum paid up No
Usual authorised HK$1,000
Directors or Managers
Minimum number 1 (at least one natural person )
Local required No
Publicly accessible records Only correspondence address
Location of meetings Anywhere
Accounts
Requirement to prepare Yes
Audit requirements Yes
Requirement to file accounts Yes
Publicly accessible accounts No
Other
Requirement to file annual return Yes
Change in domicile permitted No

Step 1 – Approve the name

The Client provides us with proposed company names, documents and information required. Then we check and confirm if the proposed company name is available for registration within one working day.

Company names are subject to the following restrictions:

  • It is not possible to reserve a name
  • It is essential to check that there is no similar or identical name on the register, which would prevent the company being incorporated
  • A name that implies criminal activity or is otherwise contrary to the public interest is prohibited
  • A name that implies royal or government patronage is not acceptable
  • Use of the following words in the name or their foreign language equivalents require consent or a licence: Building Society, Chamber of Commerce, Chartered, Co-operative, Imperial, Kaifong, Mass Transit, Municipal, Royal, Savings, Tourist Association, Trust, Trustee, Underground Railway, Bank, Insurance, Assurance, Reinsurance, Fund Management, Asset Management, Investment Fund.
  • The suffix "Limited" is required to denote limited liability
  • The company name should be in English, Chinese or both

You may conduct a company name search free of charge through the Companies Registry’s Cyber Search Centre (www.icris.cr.gov.hk ) or the Company Search Mobile Service (www.mobile-cr.gov.hk )

Step 2 – State the corporate features of your future company

After confirmation of the availability of the proposed name, you fill in the Instruction form. Then we prepare all the incorporation documents, including Articles of Association, appointment of first directors and secretary, notice of registered office, minutes of the first meeting of the Board and application form for business registration certificate. Afterwards we send the incorporation documents to clients for signing. The clients sign the incorporation documents and then return them back to us.

Step 3 – We register your company with the features of your choice

Upon receipt of the duly signed incorporation documents from client we file them to the Companies Registry together with the respective fees for the issue of Certificate of Incorporation. In about 5 working days we receive the Certificate of Incorporation from Companies Registry. Then, we file the following documents to the Companies Registry:

  • Notification of Appointment of First Directors and Secretary
  • Letter of Appointment of First Directors
  • Notice of Consent to Act as Director
  • Notification of Situation of Registered Address
  • Any other documents if appropriate

Finally, we submit the form for application for Business Registration Certificate to the Inland Revenue Department to apply for the Business Registration Certificate with payment of appropriate fee. For applications over the counter, the certificate will be issued within 30 minutes of receipt of properly completed application. For applications by post, the certificate will be issued within 2 working days. After obtaining the Business Registration Certificate from the Inland Revenue Department the whole incorporation process is completed and the whole set of duly filed incorporation documents is delivered to the client.

Incorporation of a new company will take approximately 7 days. Time to Notarise and Apostille all documents takes aproximately 4-5 days. Delivery by DHL takes 3-4 days.

The documents which will be included in the corporate set are as follows:

  • Original of Certificate of Incorporation
  • Original of Business Registration Certificate
  • Copies of Articles of Association
  • One statutory book (members register, directors register and share register)
  • One company chop and one Common Seal (optional)
  • Duplicate copy of documents filed with Companies Registry in relation to the appointment of directors, secretary, location of registered office and one duly completed share certificate for each of the shareholders
  • Apostilled set of corporate documents

Once the documents are ready the order is dispatched to the Client immediately by any courier service.

Formation costs (1st year)

Incorporation Fees, including:

1) Preliminary Name search
2) Capital duty of authorized capital at HK$10,000
3) Application of Business Registration
4) Filing Notice of Register Office, Notification of First Directors and secretary, director's consent,  shares allotment, transfer of shares, issuing share certificates and preparing Minutes of First directors' meeting
5) Memorandum & Articles of Association
6) one common seal
7) one signing chop
8) Secretary
9) Registered Office

$1700

Annual costs

Annual Fees including
1) Secretary
2) Registered Address
3) Business Registration Certificate

$1200

Others

1. Assistance with Bank Account

$700

2. Courier

$100

3. Business Registration Certificate

$530

4. Set of copies of registration documents:
certified by the secretary with the commissioner for oath

$175

5. Set of copies of registration documents:
notarized as true and correct copy

$375

6. Apostille

$200

7. Certificate of Continuing Registration

$200

8. Certificate of Incumbency

$200

9. Amendment of M&AA

$600

10. Amendment of Name incl. M&AA

$750

* Please note that prices are reduced and are negotiable for professional clients seeking volume purchasing.

Contact the Seychelles head office for further details.

Hong-kong business FAQ

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  • Are there any other restrictions on a Hong Kong Company Secretary or Director?

    Hong Kong Company Ordinance prohibits the sole director to be the Company secretary.

  • What are the advantages of using limited companies to engage in commercial activities in Hong Kong?

    Limited companies are companies with limited liabilities. From a legal perspective, a limited company is a separate legal entity and thus has the capacity to institute proceedings against others or vice versa. Since the liability of shareholders is limited to the nominal value of their shareholdings, the maximum possible loss of the shareholders could only be the total sum of their investments. Generally speaking, the directors and shareholders of the companies are not personally liable for the debts of the company.

    Where the investors prefer to adopt other forms, such as sole proprietor or partnership, to run their businesses, the liabilities of the investors are unlimited. The creditors can hence institute legal proceedings directly against the investors. Where the investors cannot repay the debts, the investors are forced into personal bankruptcy. Nevertheless, incorporating and running a limited company is comparatively more costly.

  • What is the Profits Tax Return?

    The Profits Tax Return is a form issued by the Inland Revenue Department (IRD). The first one is issued 18 months after incorporation. If the company has profit in the first year, the form is issued on October yearly. If the company suffers a lost, then the form is issued after three to four years. If the company has profits but does not receive the form, it must inform IRD to issue the form. If the company conducts business, it must submit the Profit Tax Return form along with a financial statement audited by a Hong Kong Certified Public Accountant.

  • What businesses can a Hong Kong limited company conduct?

    Except for some businesses such as banking, travel-related, insurance-related, etc. which require licenses, as long as the business is legal, there is no restriction as to what kind of businesses the company can conduct.

  • In which case will Hong Kong Company be free from Profits Tax?
    If corporate profits do not arise from Hong Kong , and the company has not set up an office in Hong Kong nor hired Hong Kong employees, then its earned profits will be exempt from Profits Tax.
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