Check List for Company Registration in Hong Kong

1. GENERAL-

The most common type of business entity registered in Hong Kong is a private limited liability company. Anyone can form a company in Hongkong. A non HK resident may incorporate a private limited company in Hogkong.

· There can be registered two types of private limited companies-

i) Company limited by shares.

ii) Company limited by guarantee.

· The company name must be approved before you can proceed with incorporation of a Hong Kong Company.

· The minimum number of director must be one (should be a natural person who can be of any nationality) & maximum number of director can be unlimited.

· A Hong Kong private limited company can have a minimum of 1 and maximum of 50 shareholders. There is no residency requirement for shareholders.

· A director and shareholder can be the same or different person. The shareholder must be at least 18 years of age and can be of any nationality.

· There is no minimum share capital requirement.

· The registered address must be a physical address and cannot be a PO Box.

2.Time Limit for registration-

A successful application is usually processed within 5 to 7 working days and the Companies Registry will issue a Certificate of Incorporation.

3. Documents required for company registration-

Normally the following documents will be required:-

· Copy of the Articles of Association for the company.

· A duly completed incorporation form that includes the following:-

o Company name

o Registered address

o Brief description of business activities

o Particulars of shareholders, directors and company secretary

o Liability of members

o Share capital registered on incorporation

o Number of shares taken up by subscribers

· For non-resident shareholders and directors:

o Copy of passport, overseas residential address proof, bank reference letter

4. Reptreation of money from Hong Kong-

Documents and procedure for remittance of Profit, Dividends & Bonuses:-

1. Documents to be submitted to Bank-

· Tax payment statement and Tax Return

· Resolution of the Board of Director on dividend and bonus distribution.

2. Bank verifies authenticity of documents.

3. Bank complete remittance procedure.

4. Bank reports to local branch.

Regards
K.K.Singh