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Yes. “Ltd” is considered the same as “Limited”. However, the word “Limited” must be stated in all documents submitted to / issued by the Government, not “Ltd”. The “Ltd” can only be used for business activities.
Offshore Company Corp will help you renew your company business registration (BR) within a working day and will then return the new BR to you via email.
In determining whether a company name is the same as another, certain words and their abbreviations will be disregarded: "company" - "and company" - "company limited" - "and company limited" - "limited" - "unlimited" - "public limited company". The type or cases of letters, spaces between letters, accent marks, and punctuation marks, also will be disregarded.
The following expressions "and" - "&", "Hongkong" - "Hong Kong" - "HK", "Far East" - "FE" are respectively to be taken as the same.
We are able support you to check the availability of your proposal Hong Kong company name at a glance.
Anybody can be setting up a private limited company in Hong Kong. Basic Hong Kong company formation requirements that includes the following:
Standing as your secretary company, Offshore Company Corp will provide a registered office address and secretarial services. We can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. For practical purposes, this is not usually less than HK$10,000 or the equivalent in a foreign currency. There is a capital duty of 0.1% payable on the authorised share capital (subject to a cap of HK$ 30,000).
The minimum requirements for setting up a private limited company in Hong Kong is to have at least one shareholder and one director, who can be the same person.
In general, a company limited by guarantee is set up for the purpose of advancement of education, religion, relief of poverty, trust and foundation, etc. Most institutions formed by this structure are not for profit-making, but they cannot be charitable. If an institution would like to be a charity, it must be established for purposes which are exclusively charitable according to law.
Read more: Hong Kong business license
Upon your request, we will provide you with an application form to fill in with the details of your institution, including the objectives of the institute, number of members, membership fee, membership classification, directors, company secretary etc.
Registering a “company limited by guarantee” follows the usual steps of registering a “company limited by shares” (the most common type of business entity for business in Hong Kong).
Here are the characteristics of “Company limited by guarantee”:
Exempted from tax on profits if the profits are applied solely for charitable purposes; and
the profits are not expended substantially outside Hong Kong; and either:
the trade or business is exercised in the course of the actual carrying out of the expressed objects of the institution or trust (for example, a religious body might sell religious tracts); or
the work in connection with the trade or business is mainly carried on by persons for whose benefit such institution or trust is established (for example, a society for the protection of the blind might arrange for the sale of handicraft work made by the blind).
Exempted from the obligation of business registration unless a trade or business is carried on
Upon your request, we will provide you with an application form to fill in with the details of your institution, including the objectives of the institute, number of members, membership fee, membership classification, directors, company secretary etc.
Registering a “company limited by guarantee” follows the usual steps of registering a “company limited by shares” (the most common type of business entity for business in Hong Kong).
Generally speaking, the name of offshore company should include wordings such as "Limited", "Corporation", or simplified "Ltd.", "Corp." or "Inc.".
If the proposed offshore company name is the same as any registered company name, it cannot be registered.
Moreover, the company name generally cannot contain "Bank", "Insurance" or other words with similar meaning.
Foreign investors who want to open a Hong Kong offshore company are allowed to have full foreign ownership.
However, there are considerations for the individuals who may become company directors and for the company formation in Hong Kong.
A company dissolved by deregistration may apply to the Court of First Instance for restoration.
A company dissolved by striking off by the Registrar of Companies may apply for restoration by court order or by administrative restoration.
You should notify the Companies Registry, by way of a letter, of any changes in the addresses of the presentor, applicant or the nominated person to facilitate future communication.
In addition
No, you have to be in Hong-kong to open you bank account.
Almost Banks in Hong Kong open 6 days a week. Working hours is Monday to Friday (9AM to 4:30PM), with the exception of Friday when banks usually close by 5pm, Saturdays: many banks close off shop by 12:30 PM.
Yes, with a few minor exceptions, all Hong Kong bank accounts are multi-currency.
This means you have just one account number, but when you log in to your internet banking, you’ll see separate balances for each currency.
The Inland Revenue Ordinance (“IRO”) contains no exemption from profits tax for offshore companies. Whether an offshore company is liable to profits tax depends on the nature and extent of its activities in Hong Kong.
Offshore company in Hong Kong is subject to the same reporting requirements as a Hong Kong company. The basic requirements are that the company has to register business in Hong Kong with the Business Registration Office of the IRD and to furnish profits tax returns issued to it.
If the company has profits chargeable to tax for any year of assessment but has not received any return from the IRD, it has to inform the IRD in writing of its liability within 4 months after the end of the basis period for that year of assessment.
Furthermore, the company is required to keep sufficient records (in English or Chinese) to enable its assessable profits to be readily ascertained and the records must be retained for at least seven years after the completion of the relevant transactions.
Where the company is incorporated in a jurisdiction whose laws do not require accounts to be audited and no audit has been performed on the company’s accounts, the IRD would accept unaudited accounts filed in support of the return.
However, if an audit has actually been carried out notwithstanding that there was no such requirement under the laws of the relevant jurisdiction, the audited accounts should be submitted with the return. (Read more: Profit accounting Hong Kong)
Where an offshore company’s head office is outside Hong Kong but it has a branch in Hong Kong, the IRD is generally prepared to accept unaudited branch accounts without the cover of audited world-wide accounts.
However, the assessor may request a copy of the audited world-wide accounts if circumstances warrant.
The company secretary must be either an individual resident in Hong Kong or another Hong Kong limited company.
The auditors must be a frm of Hong Kong accountants.
Shareholders and directors can be individuals or corporations of any nationality or residence, except that no corporate director is allowed in the case of a private company which is a member of a group of companies of which a listed company is a member.
2 mins video As one of the world's leading international financial centres, Hong Kong Private or Public Limited company has a major capitalist service economy characterized by low taxation and free trade. Business outside Hong Kong is tax-free (Hong Kong Offshore status). Hong Kong Offshore Company Incorporation requires local secretary company, we will be your secretary company.
Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder / Director's names and information. You can select level of services you need, normal with 1 working day or 4 hours in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Hong Kong Companies Registry system.
You settle the payment for Our Service fee and official Hong Kong Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
Read more: Hong Kong company formation cost
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Business Registration, NNC1, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Hong Kong Offshore Company Kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Hong Kong, European, Singapore or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Hong Kong Company Incorporation completed, ready to do international business!
Yes. But, once the company is incorporated, it is difficult to change the currency of the share capital.
Either is possible unless you need a company to be in existence immediately.
Most prefer to incorporate a company with the specifc name. This will take approximately four working days.
Similarly, it will take approximately four working days to change the name of a company already in existence.
You can use a nominee shareholder to hold the share(s) on your behalf. We can provide the service of a nominee shareholder.
You can also appoint a nominee director to act on your instructions. We do not provide nominee director service but can provide you with contact details of those companies that do.
A Hong Kong company must hold an annual general meeting in every calendar year when, among other things, the audited accounts of the company are adopted. An annual return of the company must also be fled with the Companies Registry every year.
A Hong Kong company must also notify the Companies Registry of any special resolution passed (other than that to change the company’s name), the creation of a charge over certain assets and any change which may occur in the information contained in the documents already fled. The changes of a company which require notifcation include:
If a company fails to comply with such requirements, the company and every ofcer of the company who is in default shall be liable to a fne and/or imprisonment.
If you are residing in Hong Kong, it is not mandatory to appoint a professional services firm to incorporate Hong Kong company and you can choose to self-incorporate the company. However, given the complexities of incorporation procedures and ongoing statutory compliances, it is highly advisable to use the services of a professional services firm.
If you are a non-resident and wish to incorporate company in Hong Kong, you are required to engage a professional firm to act on your behalf.
No, it does not.
As per Hong Kong company incorporation laws, all directors are regarded as the same and are expected to fulfill their duties and responsibilities, fiduciary and otherwise.
Read more: Nominee director Hong Kong
Yes.Information about company officers versus directors, shareholders and company secretary is public information as per Hong Kong company incorporation laws.
It is mandatory to file details of the company officers with the Companies Registry when you incorporate a Hong Kong company. If you wish to maintain confidentiality you can appoint a nominee shareholder and nominee director from your corporate service provider.
Corporate director is restricted. It is required to have at least one individual director. Shareholders can either be natural persons or body corporates.
Read more: Nominee shareholder Hong Kong
Yes, a Hong Kong company can hire foreign employees to work in Hong Kong. The company must file an employment visa for each such employee and it must be approved by authorities. There are different schemes under the employment visa category that cater to different groups of employees:
As per Hong Kong company formation laws, every company formed in Hong Kong, unless specifically exempted, must file its audited accounts with the Inland Revenue Department of Hong Kong along with its profits tax return on an annual basis.
The auditor must be a member of the Hong Kong Society of Accountants and must hold a practicing certificate.
There is no requirement to file accounts with the Companies Registry.
Hong Kong Stamp Duty on share capital is also known as capital duty on share capital in many other countries. Stamp Duty on share capital in Hong Kong is as follows:
Yes. It is possible to change the company name any time after incorporating a company in Hong Kong, by passing a special resolution.
A "Notification of Change of Company Name in Hong Kong must be filed with the Companies Registry within 5 days after the passing of the Special Resolution. Once the new name is approved, a Certificate of Change of Name will be issued.
Companies can be closed either by "Liquidation/Winding Up" or "De-Registration".
Generally, de-registering a company is relatively simple, inexpensive and a quicker procedure when compared to winding-up or liquidation.
However, there are certain conditions that the company has to satisfy if it wants to be de-registered. The process usually takes up to 5-7 months, depending on the complexities involved.
Winding up a company is a lengthy, expensive and time consuming procedure.
There are several types of companies in Hong Kong that are suitable for different needs of foreign business owners, entrepreneurs, and investors. However, foreign investors normally choose three types of companies including Limited Liability, Sole Proprietorship, and Partnership to set up businesses in Hong Kong.
Read more: Hong Kong company limited by guarantee
In Hong Kong, Limited Liability Company categorizes further into Company Limited by Shares and Company Limited by Guarantee. Between these three types of companies, business owners, entrepreneurs, and investors usually would decide to set up their companies as Limited Liability Company as this type of company offers more advantages compared to other two companies types which make Limited Liability Company as the most common type of company in Hong Kong.
Hong Kong is the gateway to the Mainland China market and other countries in Asia. Starting a company in Hong Kong as a foreigner, that is the most suitable choice to invest or expand the business environment in the Asia-Pacific region.
As a foreigner, you can register and open a Limited Company in Hong Kong. You can appoint yourself as the sole director and shareholder of your Hong Kong company with no local directors required. In addition, there are no requirements for renting an office or hiring a full-time but you are required to have a Hong Kong office address and a company secretary. However, if you do not have an office address or company secretary in Hong Kong we can provide you with our services.
Do not worry about an office address and a company secretary. We can support you through our serviced office in Hong Kong
Luckily, you do not need to travel to Hong Kong to register your company for a startup business here. Hong Kong government accepts both e-registration and paper registration to open the company.
Starting a company in Hong Kong as a foreigner is easy with One IBC. Call +852 5804 3919 or send an email to [email protected] with your inquiries.
We will give you all the necessary information you need. Make a decision and pay for your service fees and government fees (See more: Fees of Company formation services in Hong Kong). Then send us all the required documents and we will send back your full company documents to your address by international courier service.
Hong Kong is a popular location for people who want to access a global market and explore investment opportunities. Investors and business owners from Malaysia do not need to travel to Hong Kong as the Hong Kong government offers e-registration for open company.
As foreigners from other countries including Malaysia, Limited Liability Company is the best option for opening a company to foreigners in Hong Kong. This is the most common company type in Hong Kong that offers many advantageous incentives to foreign businesses. In addition, foreign businesses also can open a Hong Kong Limited Liability Company as a branch office and a representative office for your parent company.
Read more: Hong Kong company formation requirements
If you do not know where to start to register or you do not have any registered office address and confusing to assign which local resident company secretary. Feel free to contact us. We are here to guide and support you to open your company in Hong Kong.
Every country or territory has its own rules and regulations in which foreign business owners, entrepreneurs, investors must comply with the jurisdictions’ rules and regulations when they operate their businesses in a particular jurisdiction.
As the name suggests, company secretarial services are not typically the work of a secretary, but refer instead to the administrative responsibilities of a business, such as ensuring good corporate governance, efficient administrative processes, and compliance with laws and regulations.
Hence, company secretarial services in Hong Kong are used for supporting the company’s compliance needs including keeping your paperwork in order, making sure your company updates with the latest information concerning the local regulations and rules.
In specific, Offshore companies in Hong Kong need to have a local company secretary to stay updated with the newest information from the Hong Kong government.
Hong Kong is one of the most popular jurisdictions that foreign businesses and investors choose to set up their businesses. One of Hong Kong company formation requirements is that the applicants must have a director for their companies.
Two types of companies that are chosen by the foreign are Company Limited by Shares and Company Limited by Guarantee.
The director’s name can be a person or a company for the Hong Kong company but at least one director’s name must be a natural person. There is no limited number of maximum directors permitted. In the case of Limited by Shares, at least one director is required, in contrast to Limited by Guarantee, required at least two directors.
However, in exceptional cases, a corporation cannot be a director of both public and private companies if they are listed on the Stock Exchange of Hong Kong. The same for the Limited by Guarantee company where a corporation is a director of a company.
Directors can be any nationality of the Hong Kong business, and they can be either Hong Kong residents or foreigners. In addition, directors must be 18 years or above and they cannot be insolvent or have been convicted for any dereliction of duties.
The information of the directors, shareholders, and company secretary of a Hong Kong company will be disclosed to the public according to Hong Kong Company Laws.
Every Hong Kong company has to keep a record of registration of its directors in which the members of the public can access this information. The register recording must include not only the name of each director but also the personal history of each director which were filed to the Registrar of Companies.
It is mandatory to file details about the company officers with the Hong Kong Registrar of Companies. Nonetheless, if you wish to maintain the confidentiality of their information as a new company director. You can use the professional services firm of One IBC for appointing a nominee shareholder and nominee director.
According to the Hong Kong Companies Registry, Hong Kong directors duties included are shown below:
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