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Hong Kong Company Formation Requirement

Hong Kong Company Formation Requirement , what do you need prepare to setup company in HK

Update Date:2018-10-18 18:32:59     Source:www.3737580.com     Views:462

Hong Kong Formation Service

Hotline: 86-755-82147392, Email:info@citilinkia.com

Requirements for setting up a HK company

Registered capital


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.


No limit or restriction on the maximum amount of share capital.


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


Bearer shares are not allowed.

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.

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.
  
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.

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.

  
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.
  
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.

Business Registration Certificate

  

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


A copy of the Memorandum and Articles of Association for the company.


A Company Incorporation Form that includes the following information:

   »
Company name
   » 
Registered address
   » 
Particulars of shareholders, directors and company secretary
   » 
Share capital registered on incorporation
   » 
Number of shares taken up by subscribers
   » 
For non-resident shareholders and directors:
     - 
Copy of passport & overseas residential address proof

   »  For resident shareholders and directors:
    - 
Copy of Hong Kong identity card

   »   For corporate shareholders and directors:
    -
Copy of parent company registration documents such as Certificate of Incorporation, Business Registration Certificate and Memorandum & Articles of Association

Note: Officially certified translated versions for any non-English documents must be provided.
  
Processing Time

♦    
Depend on the type of company – Tailor-made Company (i.e. brand new company) or Ready-made Company (i.e. Shelf Company which has been already formed with Certificate of Incorporation)

 

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