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Basic Requirements for Hong Kong Corporate Formation

Update Date:2020-2-4 10:22:47     Source:www.3737580.com     Views:1288

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Hong Kong corporate formation is also called at Hong Kong company setup, Hong Kong company registration, Hong Kong business setup, Hong Kong company incorporation, Hong Kong business establishment and Hong Kong business registration.

 

1.Hong Kong Corporate Formation-Company name  
Both English and Chinese Name are acceptable.  An English company name must end with the word “Limited” and a Chinese company name must end with the characters “有限公司”.The Company cannot use name, which already used by other existing registered Hong Kong Company. Wording such as "Trust”, "Chamber of Commerce", "Bureau", "Cooperative" etc. can not be used unless approved by Registrar of Companies.

 

2.Hong Kong Corporate Formation-Registered capital

1) No minimum share capital requirement - the general norm is to have each shareholder takes a mimimum capital of 1 issued share of HKD 1.00 each.2) No limit or restriction on the maximum amount of share capital.

3) Shares can be freely transferred, subject to a stamp duty fee.

4) Bearer shares are not allowed.

 

3.Hong Kong Corporate Formation-Director

Mimimum one director is required.  No nationality restriction, need not be resident in Hong Kong.Corporate director is allowed.  However, effective from 2014, at least one director, who is a natural person, is required. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractices.
 

4.Hong Kong Corporate Formation-Shareholder

At least one - can be individual or corporate, no nationality restriction, no residency requirement for shareholders.A director and shareholder can be the same or different person.Shareholders must be at least 18 years of age.100% local or foreign shareholding is allowed.

 

5.Hong Kong Corporate Formation-Company secretary

 

 

Appointing a company secretary is mandatory.The company secretary, if an individual, must be a Hong Kong resident; or if a body corporate, must have its registered office or a place of business in Hong Kong.In case of a sole director/shareholder, the same person cannot act as the company secretary.The company secretary is responsible for maintaining statutory books and company records and must ensure the company’s compliance with all statutory requirements.

 

6.Hong Kong Corporate Formation-Register address

A local Hong Kong address as the registered address of the company must be provided for receiving government letters and correspondence.The registered address must be a physical address and cannot be a PO Box.

 

7.Hong Kong Corporate Formation-Public Information

Information about company officers (i.e. directors, shareholders and company secretary) is public information as per Hong Kong Company Laws.It is mandatory to file details of company officers with the Hong Kong Company Registrar.
  
 

8.Hong Kong Corporate Formation-Business Registration Certificate

A Business Registration Certificate must be applied from Inland Revenue Department within one month after incorporation.

 

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 2355725085@qq.com.

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