HONG KONG is a Special Administrative
Region ("SAR") of China where the tax and
legal system is using traditional British Law, with
modifications to suit the environment in Hong Kong and
in China. Hong Kong is considered as the gateway to
China and most clients established Hong Kong companies
in view to further business with China or establishment
in China. If the company is having non-Hongkong source
of income, it is non-taxable (subject to the assessment
of the Inland Revenue Department). The tax rate is low
when compared with other jurisdictions. A standard private
limited company is usually incorporated with an authorised
capital of HKD10,000.00 [
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backgrounds of Hong Kong]
Tailor-made a Hong Kong company lets you:-
- No tax on company with offshore source income
(subject to final assessment)
- Privacy of Shareholders &/or Directors names
using nominee services
- May register the name in Chinese - Save in the
cost of translation
- Widely accepted in the Mainland
- Permitted to hold shares in other companies
Basic requirements of a Hong Kong company:-
- one shareholder (either corporate or individuals,
locally based or overseas)
- one director (either corporate or individuals,
locally based or overseas)
- one company secretary resident in Hong Kong
- one auditor who practises in Hong Kong (may be
appointed later)
- registered office in Hong Kong
- apply for Business Registration Certificate
- file profits tax and employer's returns annually
- present audited accounts to shareholders for adoption
annually
- hold a shareholders¡¦ Annual General
Meeting
- file annual return stating company's directorship,
shareholders, secretaryship and company's capital
structure.
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TailorMade Prices (Plan
C)
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HK$13,100
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- First year Hong Kong Government License
fee and formation costs (HK$4,800), Business
Registration fee (HK$2,250), Annual Return
Government filing fee & misc..(HK$350), Company
Secretary fee (HK$3,300), Registered Office
fee (FREE for first year) and Registered
Office normal annual airmail postage (HK$1,500)
are included. But incorporation mailing
& IDD, if applicable, are not included
above (Government fee is subject to change
as announced)
- Overseas customers please add HK$600
for Incorporation Speedpost charges &
HK$300 for T/T bank charges.
- Above plans include certificate of incorporation
(government incorporation fee included),
memorandum of articles and association,
share certificate, registers of officers
and company chop.
- Formation services include the preparation
of documents for the appointment of 1-3
director(s) & registering 1 shareholder,
prepare first meeting etc. If there are
more than 3 directors or 1 shareholder,
we may charge for the extras.
- Formation minimum requirements:
The company can have 1 director and 1 shareholder.
Registered Office and Company Secretary
must be in Hong Kong.
- Annual Maintenance Fee (as from
2nd year):
Annual maintenance fee is HK$10,000 (subject
to change as announced) is due on each anniversity
date of the incorporation date of the company.
It includes Annual Government Business Registration
Fee of HK$2,450, Annual Return Government
filing fee & misc. of HK$150, Company Secretary
fee of HK$3,500, Registered Office fee of
HK$2,100, Registered Office normal annual
airmail postage of HK$1,500.
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