Hong Kong Fact Sheet
General
| Type of company | Limited Liability |
| Common or Civil Law | Common |
| Disclosure of Beneficial Ownership to Government Authorities | No |
| Language of Name | Any with English or French translation |
| Shelf Company Availability | Yes |
| Time to establish a new company | 10 days |
| Corporate taxation | Nill on foreign profits |
| Change in Domicile Permitted | No |
Corporate Requirements
| Min. No. of Shareholders | 2 |
| Min No of Directors | 1 |
| Min. Share Capital | None – Minimum of two shares must be issued upon incorporation. |
| Corporate Directors | Allowed, but must have at least one other director who is a natural person |
| Company Secretary | Mandatory |
| Authorised Share Capital (standard) | HK$ 10,000.00 |
| Minimum paid up | HK$ 1 |
| Bearer Shares | No |
| Preparation of Accounts | Yes |
Local Requirements
| Registered Office | Yes |
| Registered Agent | N/A |
| Company Secretary | Yes |
| Local Directors | No |
| Local Shareholders | No |
| Local Meetings | No |
| Government Register of Directors | Yes |
| Government Register of Shareholders | Yes |
Signifiant Controller Register (SCR) Yes
Designated Representative for SCR Yes
Annual Requirements
| Minimum Annual Tax/License Fee | US$600.00 |
Restrictions on Trading
Attractive Features
- Capital may be denominated in any currency.
- Shareholders and /or directors may hold their meetings in any country and they may attend such meetings by proxy.
- Hong Kong’s taxation system is based on source and not residence.