HK Limited
Hong Kong Limited Company Formation
Hong Kong is one of the leading international financial centers with a robust legal system and a highly competitive tax regime. With zero restrictions on capital flows, foreign exchange and scope of business, Hong Kong can easily propel business into the international market.
Taxing Benefits
- The PR and travel expenses are completely deductible as the expenses of the company.
- The salary of the director (owner) and his/her spouse can be deducted as the company’s expenses.
- The limited company’s profit from oversea is not included in the taxing system.
- Save a fortune from Profits Tax, Stamp Duty and documentation fees of the lawyer when transferring a property with limited company.
- The profits tax of a limited company in Hong Kong is almost the lowest in the world (16.5% of the net profits after deducting the expenses of the company).
- People who migrated to overseas country (e.g. America/Canada) can use limited company to prevent double taxation from Hong Kong and the overseas country.
- The interests of buying a property/car can be deducted as the expenses of the company. Moreover, the assets of the company would also depreciate, hence minimizing the tax of the company.Businessman who invests in China can use a limited company to sign an agreement of local and overseas capitalization to exclude the profits earned from overseas, therefore paying lesser Profits Tax in Hong Kong.
Procedure of Setting up of H.K. Limited Company
Hong Kong Limited Company Formation
Company Name Requirement: English Name
Chinese Name
- 1 Director
- 1 Shareholder (no restriction on the nationality; Shareholder can also be appointed as Director)
- 1 Company Secretary
- No restriction on the Share currency (e.g. USD / HKD / RMB etc.)
| Subscription content in M&A and formalities | Tailor-Made Company | Ready-Made Company |
| First Shareholder | Name of Client | SBC International |
| Number of Share | Owned by Client | SBC International (Holding 1 share) |
| First Director | Name of Client | SBC International |
| First Company Secretary | SBC International | SBC International |
- Certificate of Incorporation (C.I.)
- Business Registration Certificate (B.R.)
- Registration documentations
- 10 sheets of Share Certificate
- 10 copies of Memorandum & Articles (M&A)
- 1 Company Statutory Record and Company Kit
- 3 pieces of Pre-ink Stamp
Ready-Made Company – Same working day at soonest
Tailor-Made Company – 10 working days
File Annual Return on the anniversary of the incorporation day to ensure the legal status of the company
- Company Annual Return
- Business Registration Certificate renewal
Services Includes:
- Provision of registered address for 1 year (Receive government mail only)
- Handling of Annual Return for the year including the filing of company Annual Return and renewal of the Business Registration Certificate
- Prepare and submit documents to the Companies Registry (e.g. Change of Company Name / Director or Shareholder information and Share transfer)
- Prepare company minutes and resolutions
- Provide professional advice in Accounting, Taxation and Company Formation structure
Company Limited by Guarantee Formation
Company Name Requirement: English Name
Chinese Name
- 2 Directors (Must be Natural Person)
- 1 Company Secretary
- Member(s) (No upper limit on the number of member)
- Member(s)’ Guarantee Fund (No Limitation)
- Certificate of Incorporation (C.I.)
- Business Registration Certificate (B.R.)
- Registration document
- 10 copies of Articles of Association (A&A)
- 1 Company Statutory Record and Company Kit
- 3 pieces of Pre-ink Stamp
Tailor-Made Company – 35 working days
1. Business Registration Certificate
– Renewal of Business Registration on the anniversary of the incorporation day
2. Company Annual Return
– 9 months after the end of its accounting period
3. Financial Statements (quotation to be provided separately)
– Must be submitted to the Government for Annual declaration with the “Company Annual Return”
Services Includes:
- Handling of Annual Return for the year including the filing of company Annual Return and renewal of the Business Registration Certificate
- Prepare and submit documents to the Companies Registry
(e.g. Change of Company Name / Director / Member information) - Prepare company minutes and resolutions (do not participate in the meeting)
*All services mentioned are performed in Hong Kong in which the PRC and Overseas offices are operates as a point of contact only. We reserve the right to amend any of the prices and relevant terms without any notice when deemed necessary.
