Hong Kong Limited Company
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