Hong Kong
Company Requirements &
Formation Procedures

Requirements

It is easy to form a limited company incorporated in Hong Kong (HK). There are almost no restrictions provided that there are no existing HK companies with identical names and no well-known companies with similar names. It requires minimum one director and one shareholder; a resident company secretary and a HK registered office. However, none of the directors or shareholders is required to be HK residents. Our Firm may provide the services of HK resident company secretary and registered office. Further, a HK company’s name must end with the word “Limited”, but is not required to contain the words “Hong Kong”.

A Company Secretary is Required to Execute the Following:

– preparing minutes of a board meeting convening an annual general meeting;
– preparing a notice of an annual general meeting;
– preparing minutes of an annual general meeting;
– preparing an annual return and submitting the same to the Companies Registry: and
– ensuring that the requirements of the Companies Ordinance are properly complied with based on the information provided by the directors.
Further, a HK company is required to submit audited accounts to the Inland Revenue Department every year, except for the first audited accounts, which can be submitted within eighteen months. Its financial year-end date can be fixed at any date in a year. The commonly used year end dates in Hong Kong are 31 March and 31 December.

Nominee Director´s & Shareholders Services

We may act as the registered shareholders and directors of our clients’ companies holding the companies’ shares on trust of our clients. Therefore none, except the HK Inland Revenue Department (IRD), can find out that the companies are actually owned by our clients, and the IRD have a statutory duty not to disclose any information to any one.
Our clients’ interest in the companies is protected by documents called “Declaration of Trust”, which are duly signed by us and stamped by the IRD.

Procedures

1. A client shall fill in and submit to us the Formation Form for providing the details of proposed company name, shareholders, directors, secretary and registered office. Then we shall check and confirm if it is registrable within two to three working days.
2. We shall prepare all the documents for incorporating a company, including Memorandum and Articles of Association, appointment of first directors and secretary, notice of registered office and application for business registration certificate.
3. The client will sign all the documents (but not dating any) and return the same back to us.
4. We shall arrange the filing of the documents to the Companies Registry and apply for business registration certificate.
5. After obtaining the business registration certificate from the Inland Revenue Department, the documents (including chops and certified true copies) will be sent to the client, and then the company can be used.
6. The procedures are usually completed within two weeks (excluding transit time of documents).

GENERAL
Type of Company Ltd
Average timeframe to set up a new company 7 working days
Average timeframe to activate shelf company 1 day
Migration of domicile possible? No
CORPORATE REQUIREMENTS
Standard authorised share capital HK$ 10,000
Minimum paid up HK$ 2
Bearer shares allowed? No
Minimum Number of Shareholders / Members One
Minimum Number of Directors One
Corporate Directors permitted Yes
Local directors required? No
Local meeting required? No
Company secretary required? Yes
TAXATION
Corporate tax rate 16,5%
Ordinary tax base Hong Kong source income only
Tax exemptions Yes
Double taxation treaties China – Corporate and Personal Income Tax. Other Countries – for shipping and aviation
Value Added Tax rate None
DISCLOSURE AND REPORTING REQUIREMENTS
Disclosure of beneficial owner Yes
Government register of directors Yes
Government register of shareholders/members Yes
Annual return Yes
Submission of accounts Yes
Audit required? Yes

Why TBA

What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.

Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs

Should you have any question or matter
You would like to discuss or clarify with us

Or

Should you like to receive further Information
About our services and fees, …

Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.

You may call or email us, and we will be happy to assist you in a fast and efficient manner.

You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.