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Hong Kong

Main corporate features
General
Type of Company Limited, ltd, Limited by shares
Type of Law Common
Shelf Company Availability Yes
Company Registration Period 7 days
Corporate Taxation Nil (in case of offshore status of the company)
Double Taxation Treaty Access Yes
Automatic Information Exchange Agreement No
Share capital 
Standard Currency HKD, US$
Permitted Currencies Any
Minimum Paid-Up Capital HKD 1.00
Bearer Shares No
Directors
Minimum Number One (no corporate directors allowed)
Residency Requirement No
Publicly Aсcessible Records Yes
Board of Directors’ Meeting Location Anywhere
Shareholders
Minimum Number One
Residency Requirement No
Publicly Aсcessible Records Yes
Place of holding of Meetings of Shareholders Anywhere
Company Secretary
Secretary Appointment  Yes
Local or qualified Yes
Keeping of records
Preparation Requirements Yes
Annual Return Yes
Audit Requirements Yes
Account Filing Requirements Yes
Publicly Accessible Accounts Yes
Recurring Government Costs
Incorporation Fee (regardless of share capital size) US$ 450
Annual Fee (regardless of share capital size) US$ 450

 

Corporate Legislation 
All companies are registered under the Companies Act 1997 (as amended), regardless of type of economic activity carried out within Hong Kong or involvement in "offshore" activities. Subsequent amendments to the Act were moved in 2004.

Type of Company used for International Business and Investments
Private Limited Company - a private company with limited liability.

Business Activities
Any activities permitted by law.
To conduct certain activities (banking, insurance, trust, tourism, etc.) is required to obtain an additional license.

Obligatory Requirements to Company
A Private Limited Company should have a registered office and a secretary in Hong Kong. 

Taxation 
0% on profits earned outside Hong Kong (offshore tax exemption).

Authorized Share Capital 
There are no authorized share capital size limits.
Standard Authorized Share Capital is HKD10,000  divided into 10,000 shares of HKD 1 each.

Bearer Shares
Not allowed. 

No par value Shares
Not allowed. 

Shareholders and Directors
The minimum number of Shareholders - one (physical or legal person). 
The minimum number of Directors - one (only physical). 
There are no nationality and residency requirement. One and the same person can be a director and a shareholder simultaneously.

Company Secretary 
Both physical and legal persons can be appointed as secretaries. If the secretary is a physical person, he/she must be a resident of Hong Kong and; a legal person shall have a business registered in Hong Kong.

Provision of Fiduciary Services 
Yes.

Disclosure of Information on the Beneficial Owner and Bank Operations
Hong Kong uses a public register of companies, which make all the information on directorship and shareholding available to the public.

Shareholders/Directors Meetings
Meetings of shareholders and directors can be carried out worldwide.

Filing of Annual Accounts 
Yes.

Filing of Annual Return 
Yes.

Registration Time Frame 
Private Limited Company can be registered within 7 working days.

Shelf Company Availability 
Available. 

General Information 

Hong Kong economy is based on free market, low taxation and absence of state interference. It is a major international finance and trade center with the highest concentration of headquarters in the Asia-Pacific region. In terms of per capita gross domestic product and gross city product, Hong Kong is the richest city in China. GDP calculated at purchasing power parity per capita in Hong Kong is even higher than in the four leading West European countries: UK, France, Germany, Italy as well as Japan.
Opening a company in this jurisdiction constitutes entering into one of the world leading financial centers.

 

 

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