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Hong Kong Company Registration

Hong Kong Company Registration

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Hong Kong is an international business center with a good business environment and legal system, a well-established financial system and world-class financial institutions. It has high commercial freedom, no foreign exchange controls, and free capital flow, making it convenient for international trade and cross-border e-commerce. Therefore, it has attracted many cross-border e-commerce and international enterprises to register their companies in Hong Kong. The registration of Hong Kong companies is carried out in accordance with the Hong Kong Companies Ordinance, and the registered company will become an independent legal entity!

【1】 Registration information required for Hong Kong companies

1. Draft a Chinese and English name for the new company:

The Hong Kong government does not have significant restrictions on company names, but there are certain requirements for their format. The format of Chinese names should be "* * * Limited Company", and the format of English names should be "* * * Limited". You can check the register in advance at the Hong Kong Companies Registry to see if there are any duplicate names.

2. Registered capital: HK $10000:

There is no need for capital verification, so the registered capital of a Hong Kong company can be determined based on its own needs. However, it is not recommended to set the registered capital of a Hong Kong company too high. If there is a change in equity or other matters in the future, the stamp duty required to be paid needs to be calculated based on the company's capital.

3. Business scope of the company

Within 28 characters in Chinese and 60 characters in English, including punctuation;

The business scope of Hong Kong companies is significantly different from that of mainland companies: when registering, mainland companies must select their own business scope, strictly abide by it, and cannot operate across different scopes; If you want to enter other industries, you need to change or increase your business scope; In Hong Kong, there are basically no restrictions on the scope of business, and there are no explicit regulations that prohibit cross range operations. For example, financial companies are no longer allowed to register in mainland China, but can do so in Hong Kong and conduct business globally.

4. Identity cards of shareholders and directors:

The directors of the company must be fully capable individuals at least 18 years old, and the shareholders of the company can be natural persons or corporate entities. The directors and shareholders of a Hong Kong company can also be the same person, that is, one person can also register a Hong Kong company. If a company member is a natural person, they need to provide their ID card, passport, and personal permanent address (usually the address on the ID card). Scan the front and back ID cards of directors/shareholders, and take photos of directors holding their ID cards.

5. Company Secretary: Hire a licensed secretary to hold the position of company secretary and subsequent maintenance work

The legal secretary of a Hong Kong company is the link between the company and the government, mainly responsible for handling administrative work related to the company and the government, such as changing the company's directors and shareholders, changing the company's registered address and name, changing the company's business scope, arranging annual tax audits, holding shareholder meetings, and even changing the company secretary itself. All of these require the legal secretary to submit change information to the government department in a timely manner, To prevent potential illegal risks (such as intentionally failing to declare after changing shareholders and evading legal responsibility). Therefore, it is particularly important for every Hong Kong company applying for registration to designate a qualified Hong Kong company secretary in the submitted company registration form!

6. Registered address of the company in Hong Kong:

The biggest use of a company's registered address is to receive various letters (including company tax returns, annual audit notices, etc.) sent by the Hong Kong government management department. After 2018, the Hong Kong Companies Registry began to rigorously inspect whether the registered address displayed the company name (commonly known as a water sign). For companies that did not display their name, fines will be imposed. For addresses with multiple registered companies, it will be required to display all registered companies at that address through electronic device scrolling. Therefore, the registered address of a company has a dual function of displaying its name and receiving notifications