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Hong Kong Corporate Formation

Updated:2018-7-13 17:03:44    Source:www.tannet-group.comViews:370

Hong Kong corporate formation is one of Tannet's business services. Due to favorable policies and investment environment, many foreigners tend to set up a business there. The limited company is the most commonly-used legal entity in Hong Kong that is separate and distinct from the individuals who run it. Below is a brief introdcution on Hong Kong Limited Company registration.

I. Requirements Hong Kong Limited Company
1. Director
A minimum of one director and unlimited maximum number of directors are allowed. The director could be an individual or a company (body corporate). The individual director can be of any nationality and need not be resident in Hong Kong, while corporate director can be incorporated in any place. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractices. There is no requirement for the directors to also be shareholders.

2. Shareholder
The Company must have at least one shareholder and but could not have more than 50 shareholders (members).

3. Company Secretary
It is a legally required member to each private company limited by shares to have at least one company secretary to perform the regulatory duties of this company to ensure the company’s ongoing compliance to its statutory requirement.

4. Registered address
The intended purpose of this address is not limited, so that it can be a commercial, industrial, or residential address. The address must be able to be reached by local postal service because government’s communication e.g Annual Return and annual Tax Return are sent to this address.

5. Company Name
A Hong Kong company may either have a English Name, a Traditional Chinese Name, or both. Combining English and Chinese Characters is not allowed. The word “Limited” and the characters “有限公司” must be the last word in the English and Chinese (if have) Company Name of a Limited company.

6. Share Capital
There are two types of share capital–Authorized capital and Issued share capital. There is no minimum share capital requirement.

II. Processing Lead Time
a. Submission in electronic form. Electronic Certificates for companies limited by shares will normally be issued within 1 hour after delivery of documents at the e-Registry.
b. Submission in hard copy form Companies limited by shares will normally be incorporated within 4 working days.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020,Dongmen Rd South, Luohu , Shenzhen, China.

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