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Hong Kong Corporate Formation

Update Date:2018-4-26 9:54:24     Source:www.3737580.com     Views:2799

Hong Kong Company Registration
Hotline: 86-755-82143410, Email:
anitayao@citilinkia.com

Hong Kong corporate formation is also called Hong Kong company setup, Hong Kong company registration, Hong Kong business setup, Hong Kong company incorporation, New company registration in Hong Kong  and Hong Kong business registration.

 

1.Hong Kong Corporate Formation--Business Environment 
Hong Kong is an international metropolis with abundant information and opportunities. With an area of 1,100 square kilometers and a population of over 8 million, Hong Kong is the freest trading port in the world. Together with sound infrastructure and complete legal system of its own, it provides an advantaged financial & commercial environment to many entrepreneurs and traders. Every year, there are over 150,000 companies to be incorporated in Hong Kong; As an international financial center, Hong Kong is regarded as one of the most popular location for business, attracting entrepreneurs and investors from all over the world.

 

2.Hong Kong corporate formation--Shareholders, Directors and Legal Secretary
At least one shareholder, one director and one secretary is needed for a Hong Kong limited company. A natural person aged above 18 years old is eligible for a shareholder and director or both. Shareholder could also be acted by a legal person, as far as corporate structure is concerned. In Hong Kong a statutory secretary should be acted by a Hong Kong natural or legal person for and on behalf of the company to ensure compliance with ongoing legal returns, accounts, audit and other requirements. Details of the company's directors, shareholders and secretary must be filed at the Companies Registry for public search. 

 

3.Hong Kong corporate formation--Company Name
In Hong Kong, a trade name is much easier to define as long as you do not infringe the trademark of other companies. The name of a limited company should be ended with “limited”. You can have an English company name or a Chinese company name or both. If you like, you can add a country name or city’s name in front of or inside the company name, such as: France, USA, Italy, Japan, London, Beijing, Shenzhen, Shanghai and so on.

 

4.Hong Kong corporate formation--Business Scope 
In principle, there are not great restrictions on the business scope of Hong Kong companies. But you are advised to define your business activities before you set up a Hong Kong company; it is your choice whether to show the business activities on the business registration license or not.

 

5.Hong Kong Corporate Formation--Registered Capital and paid-up capital

The registered capital for a Hong Kong limited company could be as low as HKD 10,000.00 while the paid-up capital could be as low as HKD1.00. If you want to use this company to invest in China, you’d better raise your registered capital as high as RMB one million so as to reach the criteria required by the Chinese government. But since from 1th of April,  Hong Kong Company Registry has cancelled the registered capital and paid-up concept, there will no any capital exposed in the business registration license and articles of associations. 

 

6.Hong Kong corporate formation--Processing Steps
Fill out an application form→ Payment→ Sign statutory documents personally→ Forward the documents to the Hong Kong relevant government departments immediately→ Finish within 8-15 working days→ Collect the documents at the designated office within three months.

 

7.Hong Kong corporate formation--Documents Required
If you want to have a company registered in Hong Kong, you are simply required to fill out an application form, together with copies of the valid passport and sign the whole set of statutory documents personally. ATAHK will cater to your registered address and legal secretary if necessary.

 

8.Hong Kong corporate formation--ATAHK’s Services, Government Fee and Service Fee 
ATAHK services include one business registration license, one certificate of incorporation, three chops, one copy of share certificate, 8 copies of M & A, one copy of statutory book for director’s record, one official receipt, one green paper box. 

 

9.Hong Kong corporate formation--Bank Account Opening and Service Fee
ATAHK is often honored as valuable business partners by many local or international banks in Hong Kong. ATAHK’s assistance in the bank account opening and follow up will make you easier to establish business relationship and smooth paper processing with banks. ATAHK’s service in bank account opening includes recommending bank, making appointment, offering certified true copy by our CPA, working as a referee and guide for the whole processing, providing contact address and doing documents follow-up.

 

10.Hong Kong corporate formation--Legal Secretary, Commercial Secretary
Although a legal secretary is a must for a Hong Kong limited company required by the local government, a commercial secretary would be an alternative offered by ATAHK. The commercial services include information and data processing, taking order, trade documents processing, telephone answering and transfer, travel arrangements, meeting arrangement, mailing service, policy study and market analysis, telephone survey. A secretarial service could be done virtually through e-mail, fax, telephone and the Internet to small, medium-sized, and home based businesses.

 

11.Hong Kong corporate formation--Annual Return and Service Fee
Each year the company must submit an annual return to the Hong Kong Companies Registry and the Hong Kong Inland Revenue Department. You can let it be done by ATAHK by simply signing back the confirmation letter. ATAHK will give you one month notice before it gets overdue. The annual return should also update the business registration license and the legal secretary as well as registered address. If failed in doing so, penalties will be implemented accumulatively, you can’t expect that the company will be suspended and cancelled eventually as China does, the maximum fine could be as high as HKD700 per day per owner.

 

12.Hong Kong corporate formation--Accounting Services: Booking, Auditing, Tax Layout and Tax Return 
If a company has business running on within Hong Kong, account book should be well kept monthly for an annual audit before you carry on a tax return to the Inland Revenue. ATAHK can arrange bookkeeping and auditing for you in time of need. Every company is required to finish tax return annually. Submission of “nil” profit tax return without auditor’s report and financial statement would be accepted for the companies without business operation. ATAHK can not only make your accounts well kept, but also makes financial analysis to the previous years and budge report to your future development.

 

 

Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com.

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