Hong Kong Fact Sheet
General
Type of company | Limited Liability |
Common or Civil Law | Common |
Disclosure of Beneficial Ownership to Government Authorities | No |
Language of Name | Any with English or French translation |
Shelf Company Availability | Yes |
Time to establish a new company | 10 days |
Corporate taxation | Nill on foreign profits |
Change in Domicile Permitted | No |
Corporate Requirements
Min. No. of Shareholders | 2 |
Min No of Directors | 1 |
Min. Share Capital | None – Minimum of two shares must be issued upon incorporation. |
Corporate Directors | Allowed, but must have at least one other director who is a natural person |
Company Secretary | Mandatory |
Authorised Share Capital (standard) | HK$ 10,000.00 |
Minimum paid up | HK$ 1 |
Bearer Shares | No |
Preparation of Accounts | Yes |
Local Requirements
Registered Office | Yes |
Registered Agent | N/A |
Company Secretary | Yes |
Local Directors | No |
Local Shareholders | No |
Local Meetings | No |
Government Register of Directors | Yes |
Government Register of Shareholders | Yes |
Significant Controller Register (SCR) | Yes |
Designated Representative for (SCR) | Yes |
Annual Requirements
Minimum Annual Tax/License Fee | US$600.00 |
Restrictions on Trading
Attractive Features
- Capital may be denominated in any currency.
- Shareholders and /or directors may hold their meetings in any country and they may attend such meetings by proxy.
- Hong Kong’s taxation system is based on source and not residence.