1989 - 2018 29 years in business Thursday, 19th April 2018

HONG KONG



 
Features of Hong Kong Corporations

TAXATION

  • Full exemption from taxation for any business activity or transaction carried out outside Hong Kong.

AUTHORIZED CAPITAL / SHARES

  • Only nominative shares are allowed.
  • No paid-in capital is required.

 

DIRECTORS / OFFICERS (SECRETARY) AND SHAREHOLDERS

  • Shareholders and directors can be either corporate entities or natural persons.
  • Initial or ongoing changes in directors and / or officers need to be filed at the companies’ registry.
  • The directors may grant special or general powers of attorney.
  • The Register of Directors and Secretaries shall be kept at the registered office.
  • Neither the directors nor the officers need to be shareholders.
  • Shareholders and directors may be of any nationality and may be resident of any country.
  • Shareholders and directors may hold their meetings in any country and may attend such meetings by proxy or by any electronic means (phone, fax, etc.)
  • The appointment of one secretary is mandatory.
  • The company secretary must be a corporate or a natural person residing in Hong Kong.

 

ANNUAL FILING

  • The filling of annual returns is mandatory.
  • The filing of an annual profit tax return is made on a request basis, but the company must be prepared to file, if  required.

 

INCORPORATION AND ADMINISTRATION

  • Excellent availability of company names for incorporation.
  • Familiarity of incorporation documents (Memorandum & Articles of Association, Certificate of Incorporation).
  • The word “Limited” must be used in a company’s name ending.
  • Incorporation Procedure takes 7 days
  • The Hong Kong Registry is equipped with modern sophisticated computer equipment, which heightens speed and efficiency in the processing of documents in a timely manner.
  • Relatively simple ongoing administration if activities of the company are not complicated and take place outside of Hong Kong.
  • Shelf companies available.

 

RECORD KEEPING

  • Accounting books of the company may be kept abroad.
  • Keeping accounting records is mandatory, as is an auditing exercise in Hong Kong every year.
  • The director (s) must be keep, at his (their) office, the statutory books, including the minutes book, the register of directors, shareholders, secretarial, mortgage& charge and accounting records.

 

REGISTERED OFFICE AND CORPORATE SEAL

  • Registered Office in Hong Kong is required.
  • Corporate seal is mandatory.

 

COSTS AND FEES

  • Reasonable formation and maintenance costs and fees.

 

USES OF HONG KONG CORPORATIONS

  • Holder of bank accounts, fixed deposits, investments plans and any other financial investments such  as securities, bonds, options, etc.
  • Owner of the shares of other companies or legal entities.
  • Owner of apartments, houses, buildings, vessels and any other movable or immovable property or     goods.
  • Manager and promoter of international business transactions.
  • International leasing of vehicles, machinery and others.
  • To pay or receive commissions, royalties or other similar payments.
  • Marketing and promotion of products and services.
  • Other commercial and financial activities.

 

HIGHLIGHTS OF HONG KONG

  • Excellent corporation law.
  • Serviced by major word airlines.
  • Excellent hotel accommodation.
  • Excellent worldwide communication facilities.
  • Skilled personnel
  • British territory until 1997, when it became a special administrative region of China with autonomous power.
  • Ranks among the top twenty trading economies in the world.
  • World’s third largest financial centre.
  • world’s largest container port.
  • Major gateway for trade investment and finance into china and the rest of Asia.
  • Languages: English and Chinese.
  • Long tradition of political and economic stability of the country.

 

REGISTERED OFFICE REQUIREMENTS

  • Appropriate character references and other due diligence documents, as required.
  • Registered Office and Company secretary in Hong Kong must be appointed.
  • Non-payment of the annual fees will result in the immediate termination of the provision of the   registered Office / Secretary.
  • Appropriate accounting records or statement must be supplied to our Registered Office every year.
  • Written instructions and written undertaking to supply records required by the Hong Kong Government.

 

SOCIAL AND ECONOMIC INDICATORS

 

Location Southern tip of Guangdong, province of China.
Area 1,104 Square Kilometers
Population 7,055,071 (July 2009 Est.)
Climate 20°C average temperature
Official Language Chinese and English
Government Special administrative district.
Living Standard High
Banking worldwide banking facilities available
Legal Tender Hong Kong dollar
Industry Banking, professional services and shipping.

 

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