Private Limited Company - Hong kong
Private Limited Liability companies registered in Hong Kong are highly sought after because of their straight forward registration requirements and popular public acceptance. They are regulated by the Companies Ordinance which provide a modernized legal framework and solidifies Hong Kong’s position as a burgeoning international financial center.
Some of the key features are listed below:
Advantages and Benefits
- Own a private company limited by shares
- Corporate Tax Rate of 16.5%
- Ability to issue multiple classes of shares
- Legislation and Corporate documents are produced both in Chinese and English language
- Ability to open and maintain bank accounts in Hong Kong
- No minimum requirements for share capital
- Ability to appoint nominee shareholder to obtained high level of confidentiality and privacy
- No nationality restriction for shareholders and Hong Kong residency is not required.
Jurisdiction | Hong Kong |
Type of Entity | Private Limited Company |
Type of Law | Common Law |
Shelf Company availability | Yes |
Our Time to establish a new company | 1-7 Working Days |
Taxation on foreign income | Nil |
Double Taxation treaty access | Yes |
Standard currency of share capital | HK$ |
Other permitted currencies of capital | Any |
Minimum paid up share capital | HK$1 |
Usual authorized share capital | HK$10,000 |
Minimum number of Directors/Managers | 1 |
Local Directors/Managers required | No |
Publicly accessible record of directors/Managers | Yes |
Locations of directors/managers meeting | Anywhere |
Minimum number of members | 1 |
Publicly accessible record of members | Yes |
Location of members meeting | Anywhere |
Company Secretary required | Yes |
Local or Qualified company secretary required | Yes |
Requirement for Audited accounts | Yes |
Requirement to file accounts | Yes |
Publicly accessible accounts | No |
Requirement to file annual return | Yes |
Change in Domicile permitted | No |
Requirement to prepare accounts | Yes |
Bearer shares | No |