Hong Kong

Hong Kong

Introduction
Being a British colony for over 150 years in the past, Hong Kong’s current legal system, including corporate law, is strongly based on British common law. With its economy based on a free market, low taxation and absence of state interference, along with plentiful of banks, stockbrokers, financial houses, major international legal and accounting firms, Hong Kong is an ideal location to start an offshore company.
Hong Kong is currently allowing Private Limited Companies to be established online.
Requirements
Below are requirements on start-up and running a Private Limited Company (PLC) in Hong Kong.
There are some requirements to incorporate a PLC in Hong Kong:
1. There must be at least one shareholder. Shareholders may be individuals or corporates and may be Hong Kong residents or not.
2. There must be at least one director. Directors can be individuals or corporates and can be Hong Kong residents or not.
3. There must be an appointed company secretary, who may be an individual or corporate. An individual secretary must be a permanent resident in Hong Kong. A corporate secretary must have its registered or principal office in Hong Kong.
4. Hong Kong’s PLC must have a registered office address in Hong Kong.
5. There is no restriction about share capital size limits; however, there must be at least a capital of HK$1 at the time of formation. For practical purposes, share capital is usually less than HK$10,000 or the equivalent in a foreign currency.
6. Hong Kong’s PLC can have either an English name, a Chinese name or even both. Its Chinese name can be included on its Certificate of Incorporation.
If PLC conducts certain activities (banking, insurance, trust, tourism, etc.), it must apply for Business Licenses to obtain proper licenses prior to commencing business operations.
1. PLC’s first Annual General Meeting (AGM) must be held within 18 months from the date of incorporation. The next AGMs must be held every calendar year, with the interval between each AGM not exceeding 15 months. AGMs, as well as other meetings of shareholders and directors, can be carried out worldwide.
2. Within one month after incorporation, PLC must register with Hong Kong’s Inland Revenue Department (IRD) to obtain a Business Registration Certificate.
Annually or once every three years, Hong Kong’s PLC must renew its business registration with the IRD one month before expiry. An annual business registration fee is payable, which varies each year.
3. Every year, Hong Kong’s PLC is required to file an annual return with the Registrar of Companies.
4. PLC also needs to submit a tax return along with its set of audited accounts to the IRD.
Some supporting documents are also required to submit along with annual tax return:
-   PLC’s balance sheet, auditor’s report and Profit & Loss Account relating to the financial year.
-   A tax computation indicating how the amount of assessable of profits (or adjusted losses) has been arrived at.
Late actions in renewing business registration or filing annual returns and annual tax returns may be penalized.
According to Hong Kong’s Company Law, details of PLC’s directors, shareholders, and secretary and officers are public information. It is an obligation to submit details of the company officers to Hong Kong’s Registrar of Companies.
Key Benefits  
Offering Packages
In order to expedite incorporating your offshore company in Hong Kong, we offer below packages:
Services Standard Advanced
Company Incorporation Service Fee
All Government Fees due on Incorporation
Local Registered Office Service 12 months 12 months
Local Secretary Service 12 months 12 months
Certificate of Incorporation
Business Registration Certificate
Share Certificates
Memorandum & Articles of Association
Appointment of First Directors
Register of Directors and Members
Professional Consultancy via Phone and Email

Assistance on Opening of Company Bank Account

 
Company Statutory Record & Company Kit 
Total fee US$ 900 US$ 1,199
  Setup Company Setup Company
SERVICES
Company Incorporation Service Fee
Standard
Advanced
All Government Fees due on Incorporation
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Local Secretary Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
Business Registration Certificate
Standard
Advanced
Share Certificates
Standard
Advanced
Memorandum & Articles of Association
Standard
Advanced
Appointment of First Directors
Standard
Advanced
Register of Directors and Members
Standard
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Assistance on Opening of Company Bank Account
Advanced
Company Statutory Record & Company Kit
Standard
Advanced
Total fee (US$)
900        
1,199

Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.