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Company Formation Service

Starting a business is a significant step involving various important decisions with long term consequences. We advise on the choice of business entity, assists in the incorporation of sole proprietorship, partnership and limited company. Applying for Business Registration, setting up bank accounts, setting up internal accounting systems, applying for financing, the selection and training of accounting staff and make compliance with all the legal requirements under the Laws of Hong Kong. 

 

To do business in Hong Kong, one can set up a sole proprietorship, a partnership or a limited company. A limited company, which limits the liability of the shareholders to the capital subscribed, can be incorporated in Hong Kong. The incorporation of a tailor-made company takes approximately eight to ten days but one can buy a "shelf company" and start doing business almost immediately.

 

The "shelf company" is specially incorporated for clients to commence business activities immediately and has never traded since incorporation and so has no liabilities.The authorised capital of a standard shelf company or ready-made company is HK$10,000 with standard Memorandum and Articles of Association. One can change the name, amend the Articles or increase the authorised capital at any time. Shelf companies are incorporated with two subscriber shares of HK$1.00 each which is the statutory minimum. There is no obligation to subscribe and pay up further capital.The basic requirements of a limited company are as follows:

  • at least one Shareholder (can be any individuals or corporations of any country)

  • at least one Director (can be any individuals or corporations of any country)

  • a Company Secretary who must be a Hong Kong resident

  • an Auditor who practises in Hong Kong

  • a Registered Office in Hong Kong

  • a valid Business Registration with the Inland Revenue Department

  • to file Profits Tax and Employer's Returns annually

  • to present audited accounts to the shareholders for adoption annually

  • to hold a General Meeting of the Shareholders every year

  • to file an annual return giving particulars of the Directors, Shareholders and Secretary, together with the Company's capital structure

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