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 company names at a glance.
Anybody can form a Hong Kong company. Basic Hong Kong company formation must include at least:
Standing as your secretary company, Offshore Company Corp will provide a registered office address and secretarial services. Offshore Company Corp 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 requirement for forming a private limited company 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.
If an institution is fit for any of the following purposes, we can help them to apply to be an approved charitable institute (ACI).
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).
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.
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. For example you might have some HK dollars, some Singapore dollars, some US dollars, some Euros etc. You can also hold Chinese Yuan Renminbi in your HK multi-currency bank account, and you can also hold virtual ounces of gold.
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.
An offshore company carrying on a business 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 its business 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.
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 Company (Private/Public) Limited 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 Formation requires local secretary company, we will be your secretary company.
Hong Kong Offshore Company Formation, initially 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).
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 formation completed, ready to do international business!
Yes. But, once the company is incorporated, it is difficult to change the currency of the share capital.
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 your 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 a company in Hong Kong, you are required to engage a professional firm to act on your behalf.
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:
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:
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