Hong Kong Private Limited Company (Ltd) Company Formation
Hong Kong is a very popular place to incorporate among foreign investors and businesses, as Hong Kong has a simple tax system, meaning no VAT, no capital gain tax and no withholding tax. Hong Kong also offers a great business environment with no restrictions of business scope, a world-class infrastructure and an excellent internet banking system.
The most common form of company in Hong Kong is the Private Limited Company (Ltd). This is a company with limited liability where its shareholders are not personally responsible for the company debts.
A Hong Kong company must have a unique name so registering a company will protect your business name. A Hong Kong company name may be in either English or Chinese, or a mixture of both.
It is a requirement that a Hong Kong Ltd must have a registered agent and a registered address where all official correspondence is sent. This is provided as part of our incorporation service.
A Hong Kong Ltd only requires one person to act as a director. This person may be of any nationality and may be a corporate entity. Director names are filed on the public register. The sole director cannot be the secretary of the same company.
A Hong Kong Ltd only requires one person to act as a shareholder. This person may be of any nationality and may be a corporate entity, with no upper limit to the number of shareholders. Shareholder names are filed on the public register.
A Hong Kong company must have a company secretary this can either be an individual or a limited company. If the secretary is an individual, they must be a resident in Hong Kong. If the secretary is a corporate body, then its registered office must be in Hong Kong. This is provided as part of our incorporation service.
Shares must be expressed in a fixed amount. Bearer shares are not permitted. While it is usual for the share capital to be expressed in Hong Kong dollars, it can be expressed in any currency. Minimum subscribed capital is 1 share (equivalent to HKD1).
A company can be incorporated Hong Kong in then days, once all information and proof of identity has been received.
A Hong Kong Ltd is required to file an annual return, register of officers and accounts and may be subject to audits.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
A visit to Hong Kong is not required to incorporate your company.