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.