Aspen Trust

General Information

• Type of Company - Hong Kong Limited Company
• Legislation - Hong Kong Companies Ordinance, based on Common Law
• Company name - Chinese names are allowed
• Time-scale for incorporation - 10 working days
• Change in domicile is not permitted
• Double tax treaties - with China, Belgium, Luxembourg and Thailand
• Shelf companies are available
• Taxation on profits - none on income sourced outside Hong Kong, 16,5% on income derived from or arising in Hong Kong

Local Requirements

• Registered office is required
• Company secretary and local secretary are required
• Local directors are not required
• The location of meetings can be anywhere in the world
• Public recording of directors and shareholders is required

Corporate Requirements

• Minimum number of shareholders - One
• Minimum number of directors - One
• Usual authorised capital - HKD10,000 divided into 10,000 shares of HKD1,00 each
• Standard currency of share capital - HK Dollars
• Minimum paid up share capital - HKD1.00

Annual Requirements

• It is a requirement to prepare and file accounts
• There is a requirement to audited accounts
• It is a requirement to file annual return
• It is not a requirement to have publicly accessible accounts
• The minimum government fees are HKD2,555