Europe Emirates Group can help you start your business in Hong Kong
A private limited company is the most common Hong Kong company set-up and formation is governed by regulations largely based on UK company law with undemanding compliance requirements. The set-up process takes approximately seven days.
Hong Kong company formation requires only one director, of any nationality and resident overseas. Corporate directorship is also permitted. Similarly, just one shareholder is required and there is no requirement that shareholder meetings be held in Hong Kong. Nominee shareholders are also permitted.
The company must have a registered secretary and this can be a limited company. If the secretary is an individual, they must be a Hong Kong resident. If the secretary is another corporation, they must have a Hong Kong-registered office.
Once the company name is submitted for registration (in English or Chinese), along with shareholder and director passport companies and current addresses, and subsequently approved, then the Memorandum and Articles of Association should be submitted along with information regarding appointment of the first director and the establishment of the registered office.
Once established, Business Registration is required and involves a fee. At this point, the company needs to have an official Hong Kong address, which can be serviced by the Europe Emirates Group associate office.
There is also a requirement for filing of an annual return, which must include the name and address of every shareholder, and of every person who was a shareholder within the last year but is no longer active. Share capital disclosure must also be made, however the annual return does not necessitate the inclusion of financial statements.
Minimum requirements for share capital for Hong Kong exist and fees for licences and registration are applicable.
- Fast-track registration
- Zero restrictions on foreign shareholders or directors
- Low cost of incorporation and maintenance
- No minimum requirements for share capital
- Only one director and shareholder required for company formation
- Income and capital gains tax-free environment