Hong Kong
Private Company Limited by Shares
- Document Language
English or Chinese - Privacy Rights
Common Law - Incorporation Time
7 - 10 Business Days
| Authorized capital is a notional amount of capital that the company is allowed to draw from its shareholders in consideration for the company shares. Any amount of authorized capital, as determined by the beneficial owners, need not be stated in the company formation documents nor disclosed at any time. There are no mandatory time frames as to when such capital must be paid up by the shareholders. |
| A Hong Kong Private Limited Company by Shares is not required to have any minimum paid-up capital in order to initiate business operations. |
Hong Kong
Company Laws
Official Document Language
Conduct Business Internationally
Conduct Business in Hong Kong
Resident Agent Required
Registered Office Required
Resident Secretary Required
Company Taxation
Double Taxation Avoidance Agreements
Company Tax Resident Qualification
Income Tax and Business Tax
Detailed Client Application Required
Minimum Shareholders
Company Shareholders Allowed
Residency of Shareholders Allowed
Register of Shareholders
Register of Shareholders Public Record
Bearer Shares Permitted
Minimum Directors
Company Directors Allowed
Residency of Directors Allowed
Register of Directors
Register of Directors Public Record
Disclosure of Beneficial Owners to Registered Agent
Disclosure of Beneficial Owners with Registrar
Annual General Meeting Required
Shareholders / Directors Meeting Required
Company Minutes and Resolutions
Company Seal Required
Minimum Paid Up Capital Required
Maximum Authorized Capital Investment
Capital Considerations
Subject to Currency Controls and Restrictions
Application Fees
Annual Government Fees
Keeping of Accounts Required
Filing of Accounts and Returns Required
Annual Government Return Filing Fees
Auditing of Accounts Required
Re-Domicile from a Foreign Country
Re-Domicile to a Foreign Country
Shelf Companies Available
Incorporation Time
Companies Ordinance, Chapter 32
English and Chinese
Yes
Yes
No
Yes
Yes (May be a Corporate Body)
0 % of Worldwide Income
(If all business is conducted outside Hong Kong)
16.5% of Worldwide Income
(If any business is conducted inside Hong Kong)
No
Yes
Yes (If business is conducted inside Hong Kong)
No
1 (Must be 18 years of age or older)
Yes
Any Nationality
Filed with the Registry
Yes
No
1 (Must be 18 years of age or older)
Yes
Any Nationality
Filed with the Registry
Yes
Yes (Due Diligence Requirements)
No
No
Yes (Anywhere in the World or by Proxy)
In Private Possession of Registered Agent
Yes
None
Unlimited (Fees Apply in Excess of 50,000 Shares)
Any Currency or in Kind
No
No
$315
Yes
Yes
$15
Yes (Within 18 Months, Annually Thereafter)
Yes
Yes
Yes
7 to 10 Business Days
Hong Kong Companies Ordinance, Chapter 32
Part IV - Management and Administration
Section 121 - Keeping of Books of Account
(1) Every company shall cause to be kept proper books of account with respect to-
(a) all sums of money received and expanded by the company and the matters in respect of which the receipt and expenditure takes place;
(b) all sales and purchases of goods by the company;
(c) the assets and liabilities of the company.
Country
Anguilla
Bahamas
Belize
British Virgin Islands
Cayman Islands
Cook Islands
Dominica
Hong Kong
Nevis
Panama
Republic of Seychelles
Samoa
St. Vincent
United States (Nevada)
$50,000
$50,000
$50,000
(Fees apply in Excess of 50,000 Shares)
Unlimited
(Fees apply in Excess of 50,000 Shares)
$50,000
$5,000
$100,000
Unlimited
(Fees apply in Excess of 50,000 Shares)
$100,000
$10,000
Unlimited
$1,000,000
$100,000
Unlimited
Annual Licensing Fee
$230
$350
$100
$350
$600
$300
$150
$315
$220
$300
$100
$300
$100
$325
Economic Freedoms
Business Freedom
Low Government Spending
Fiscal Freedom
Financial Freedom
Investment Freedom
Property Freedom
Trade Freedom
Labor Freedom
Monetary Freedom
Freedom from Corruption
Overall Economic Freedom
98.7
93.7
93.0
90.0
90.0
90.0
90.0
87.4
83.1
81.0
89.7
| Ltd | Limited |
| Hong Kong Private Company Limited by Shares may not be similar or identical to an existing company, a name which constitutes a criminal offense, is offensive, contrary to the public interest or implies royal or governmental patronage. |
Hong Kong Companies Ordinance, Chapter 32
Part I - Incorporation of Companies and Matters Incidental Thereto
Section 5A - Powers of a Company
(1) A company has the capacity and the rights, powers and privileges of a natural person.
(2) Without limiting subsection (1), a company may do anything which it is permitted or required to do by its memorandum or by any enactment or rule of law.
| "Bearer" shares and "no par value" shares are prohibited. Company shares may be designated as: |
1.) Voting 2.) Non-Voting 3.) Ordinary 4.) Preferred 5.) Redeemable |
0% Tax on Worldwide Income
(If all business is conducted outside Hong Kong)
A Hong Kong Private Company Limited by Shares has no capital gains tax, no Value Added Tax (VAT), no Goods and Services Tax (GST), no estate duty, no withholding tax on dividends or interest and is not subject to the European Union savings tax directive. Provided all company income derived from from abroad, it is free from tax liabilities in Hong Kong.
16.5% Tax on Worldwide Income
(If any business is conducted inside Hong Kong)
Should a Hong Kong Private Company Limited by Shares conduct any business whatsoever with or within Hong Kong or by a Hong Kong resident, the worldwide income of that company will be subject to a 16.5% corporate tax.
The Hong Kong Private Company Limited by Shares in this structure is a tax exempt entity
provided no business is conducted with or within Hong Kong or by a Hong Kong resident.
Order Form
CFMA
Due Diligence
$ 2,700
Complete Formation
Name Availability Search
Statutory Due Diligence for Up to Two Persons
Filing with the Registry
Government Licensing Fees ($315)
Original Certificate of Incorporation
10 Copies Memorandum Assoc. (Registry Receipt)
10 Copies Articles of Assoc. (Registry Receipt)
Resolution for the Appointment of the First Director
Resolution for the Allocation of Shares
Minutes of Organizational Meeting
Register of Officers and Directors
Register of Members
Up to Five Share Certificates Provided
Corporate Seal (Required)
Resident Agent
Registered Office
Resident Secretary (Required)
Safekeeping of Registers and Accounts
One Year of Customer Support
Annual Business Review
Incorporation Time is 7 - 10 Business Days
Total Delivery Time is within 1 Month
$ 1,275
Annual Renewals Statutory Due Diligence for Up to Two Persons Filing with the Registry Government Licensing Fees ($315) Resident Agent Registered Office Resident Secretary (Required) Return Filing ($15) Safekeeping of Registers and Accounts One Year of Customer Support Annual Business Review
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