Q&A

Is audit a compulsory requirement for Hong Kong Company?

Yes,

For obtain more information, please do not hesitate to contact our team and they shall provide all information you need.

When will a Hong Kong company need to file its first tax return?

Generally speaking, the Inland Revenue Department will issue 1st Profit Tax Return to every newly incorporated company 18 months after incorporation, and they allow a time period of 3 moths to file.

Can a Hong Kong company maintain a bank account outside Hong Kong?

Yes, banks in many jurisdictions such as Singapore, Switzerland, Liechtenstein or Manutius accept bank account opening by Hong Kong Company.

Any annual review / filing are required from the Hong Kong Government?

Every private limited company must submit an annual return (Form NARI) to the Companies Registry within 42 days after its most recent anniversary of its date of incorporation. This annual return includes basic information regarding the company such as its registered address, directors’ information and capital structure etc. The filing fee for an Annual Return is HK$105.00.

What are the requirements when I choose my company name?

Name of a Hong Kong limited company can be in English, in Chinese or in both English and Chinese. It generally ends with the words “Limited” or “有限公司” except those granted a licence to dispense with it. It cannot be too similar to any other company name that is currently in use by another Hong Kong limited company. Names containing certain phrases such as “Trust” or “Chamber of Commerce” etc. require special approval.

Can a corporation being the director of Hong Kong Limited Company?

Corporations can only be directors for a private limited company not being a member of a group containing a public company, but if there is only one director then he/she must be an individual.

Any requirements on the number of shares to be issued?

In order to be in line with international trend, right now a no-par shares system has been adopted for all Hong Kong companies. There is no minimum price for issuance of shares, no “authorized share capital” concept, though a company may state the maximum number of shares that it may issue in its Articles of Association.

Can residential address be the registered address of a Hong Kong Company?

Generally speaking, only an address in a building for commercial usage can be registered address of a Hong Kong Company. However, there is no limit on the number of company that can register in one unit.

What can be company secretary of a Hong Kong Company?

Company Secretary can be a Hong Kong Resident or a Company Secretary Company with the Trust and Company Service Provider License.

Who can be shareholder and director of a Hong Kong Company?

Can be natural person over 18 years old from any country, or company; incorporated anywhere in the world.