Hong Kong Limited Company Registration

Details

I. Ten advantages of registering a Hong Kong company:

1、registered Hong Kong company name freedom of choice, the company name is allowed to contain regional and industrial nature.

2、No foreign exchange control, free access to capital and profits without restrictions.

3、After the establishment of the company, you can open bank accounts all over the world.

4、Low tax rate in Hong Kong, such as not operating business in the local, can be exempt from any tax, can be properly arranged tax, reasonable and legal tax avoidance.

5、Limited companies have legal documents to protect the rights and interests of shareholders (investors), so it is easy to pool capital.

6、The sale and purchase of property in the name of a limited company can avoid the investigation of the tax authorities on the source of money for the sale and purchase of property by an individual.

7、After the establishment of the company, priority will be given to Chinese, Taiwanese and foreign nationals who apply to the Immigration Department for business visas to come to Hong Kong.

8、Limited liability and business risks will not involve the shareholders’ personal properties and assets.

9、Hong Kong companies are allowed to have no business, allowing the existence of shell companies. Hong Kong company registration does not require capital verification, the registered capital can be increased at will, but the capital in place is not limited; the company’s scope of operation is rarely restricted, there is no special industry, exchange centers, media groups, publishers, magazines, associations, production, shipping agents, cosmetics, medicine, groups, import and export, food, etc. can be registered to operate.

10、Operating business with a limited company can give customers, bankers and suppliers a good impression and increase confidence, which helps business development.

II. Application requirements

1、You can register a Hong Kong company if you are 18 years old or above, with no nationality restrictions;

2、Provide the company name and have it verified by our company;

3、The identity card of the director and shareholder, or a copy of passport, one or more shareholders of the company;

4、The minimum registered capital is HK$10,000 (no upper limit), no capital verification is required

5、fixed secretary / registered address, Hong Kong company law requires limited companies must appoint a statutory secretary, the statutory secretary must be a Hong Kong citizen / permanent resident / legal person as. (We can provide attention to the customer later to open an account with the bank if there are restrictions)

III. Do worry-free delivery of the required information

1、Director’s documents (front and back of ID card or passport/headshot page with expiration date, no floating watermark)

2、Proof of address (valid driver’s license; credit card statement with address (within six months); official utility bills (within six months); lease contract (must be valid or real estate license); account book; residence permit, etc.)

3、registration of basic information (special requirements note at the top of the form)

4、Power of Attorney

5、Due Diligence Questionnaire (KYC)

6、agreement, customer payment water list, and customer chat screenshots 2-3

7、SCR building register (sales support processing)

8、the organization chart of the holding company (for the company’s holding needs to provide, individual holding does not have to provide)

9、Reuters (delivery department responsible)

IV. The information required by the partner to apply

1、Director’s documents (front and back of ID card or passport/headshot page with expiration date, no floating watermark)

2、Proof of address (valid driver’s license; credit card statement with address (within six months); official utility bills (within six months); lease contract (must be valid or real estate license); account book; residence permit, etc.)

3、registration of basic information (special requirements note at the top of the form)

4、Power of Attorney

5、Due Diligence Questionnaire (KYC)

6、the organization chart of the holding company (for corporate holdings need to provide, individual holdings do not need to provide)

V. Application process and time

1、General registration delivery process, time:

The same day before 11:00 a.m. delivery, 14:30 to provide a signature file, after 11:00 delivery, the same evening before the close of business to provide a signature file, the signature file sent from the time of delivery to the government takes 2-3 days, the Hong Kong field received the file in the morning received the file, submitted in the afternoon, the afternoon received the courier the next day submitted to the government, submitted to the government began to count, the normal 5-7 working days to issue the certificate (uncontrollable during the epidemic is expected to be late 2-3 days), such as the receipt of the investigation letter extended by 3-5 working days (colleagues should actively cooperate with the provision of information under the circumstances. -(3 days), such as the receipt of a letter of investigation to extend 3-5 working days (colleagues to actively cooperate with the provision of information under the circumstances). The business license with business nature will be issued around 4-5 days after the issuance of the license (the business license is expected to be 2-3 days later during the epidemic period uncontrollably).

Each team supports the daily afternoon before 16:30 to submit the signature file to the file team, the mailings will be sent directly together on the day, after 16:30 handed over, waiting for the second batch of mailings, the file team every Monday, Wednesday, Friday for mailings to Hong Kong, three times a week

2、Expedited registration delivery process and time:

The same day before 12:00 pm delivery to the file team, the day can be issued, 12:00-14:30 between the delivery of documents need to follow the government out of the account number depends, the account can be down, the day can be issued, the account does not need to come down the next day to issue a certificate, if there is a letter of investigation will be delayed 1-3 working days to issue a certificate. Every morning the file team will check the previous day’s registration of the issuance of certificates, after the issuance of certificates to download information to colleagues who organize the data, scanning registration assigned to the teams. Business certificates with business nature will be issued around the 5th-6th working days after the issuance of the certificate (business certificates are expected to be 2-3 days late during the epidemic period which is not controllable).

VI. Points to note

1. ordinary registration from the date of submission of documents to the government 5-7 working days to issue the certificate, do not ask whether the certificate is issued before the time. If there are special circumstances (investigation letter, returned documents, etc.) in the 5-7 working days to inform the same situation, please colleagues actively cooperate.

2. colleagues to sign back the file to check the need for signatures where there are signatures (in the NNC1 page 5, page 7, the continuation of the page of the director to sign), the seal where there is a seal (company holding in page 7 seal signatures), the sixth page does not require a signature, please check carefully.

3. special attention: the best time to register a new company signature is in block letters, because when the cancellation of the signature and the registered signature of the government needs to be compared, if the font is not consistent, the file will be returned to re-sign.

4. the new company’s registered name can be registered successfully, can be registered according to the government’s audit as the standard, the file team can not give corresponding advice. Just too atmospheric name files will be slightly reminded.

5. The scope of business cannot contain “etc.” “other” “various” “transactions” “securities” “futures” “auction” “equity” “hotel “. Symbols cannot be separated by spaces, “/” “:”. (The scope of business in Chinese cannot exceed “25-28” characters, and in English cannot exceed “60” characters, and in English it is divided into two lines. (30 words must be a complete word, if the complete word is 31, then it can not pass,)

6. the ordinary registered director of the address information in addition to the mainland address all to the English, the director of the shareholders must be the same address (either all in English, or all in Chinese). (Note: In addition to the language other than English and Chinese are not available)

7. The address information of the expedited registered director needs to be matched into a unified English, or Chinese. Note: Languages other than Chinese and English are not available

Both sides of the ID card and passport must be provided in full and clear. In addition: Expedited registration of “residence permit”, “Taiwan ID card” and “other country ID card” cannot be used as a combined application account.

VII. the follow-up maintenance of Hong Kong companies in two pieces:

1、After the first anniversary of the establishment of a Hong Kong company, it is necessary to request the company to conduct an annual audit, that is, the domestic industrial and commercial annual report, the fee is paid according to the Hong Kong Registry and the Hong Kong Inland Revenue Department regulations

2、The first time for Hong Kong company to file tax return is 18 months after the company is established, if the company is not in business, the tax only needs to do zero return can be done, if there is business, the actual tax return and audit report should be done.

VIII. List of information after the completion of Hong Kong company registration

1. Certificate of Registration
2. Business Registration Certificate
3. Incorporation Form NNC1+ Government Fee Receipts
4. Memorandum of Association 10
5. Company Share Certificate
6. StatutoryBook
7. One company signature stamp SignatureStamp
8. A small round company badge CompanyChop
9. One CompanySeal
10. Fine Box 1 A File Box