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New to Hong Kong?
Transcript of New to Hong Kong?
Articles of Association
Share Certificates booklet
Certified true copies for bank account opening
Company name search
Always include ‘Limited” at the end
Words that cannot be included:
“Chamber of Commerce”
Place of business in Hong Kong
Registered Commercial Address
Must be in Hong Kong
Cannot be a GPO BOX
Rights of Directors and Shareholders
Articles of Association: Memorandum of Articles
Certificate of Incorporation
Payment method for the Certificate of Incorporation:
Registering with Inland Revenue
Purchase of goods for resale
Wages , MPF Contribution
Rents , Lease of venue, machines
Lighting , Electricity
Internet , Mobile phone
Running costs of company
Company Secretary fee
Approved Charitable Donations
Traveling costs in/out- side of HK Membership fees
Interest paid by borrowing for financing the business
Book an appointment 48 hours before
Office tenancy agreement
passport / HKID card
Proof of residential address
All Directors and Shareholders must be present at the meeting
Company search fee:
approx. HK$ 1,000
Total Relationship Balance
Appointing a company secretary is mandatory
HK resident / HK based company
Maintains the statutory books
Ensures company’s compliance with statutory requirements.
Please note that under HK Law (Section 154B of the Ordinance) the same person cannot sign or act as both director and secretary (e.g. you can’t sign as both secretary and director of your company for your annual tax returns).
within 1 month after receiving the Certificate of Incorporation
Applying for Business Registration Certificate:
Reason of setting up a bank account in HK
Potential or actual client and supplier list
Evidence of current business
Website, brochure, flyers, name cards & other promo material
Company Structure; Displaying hierarchy of company employees and future positions
Foreigners can own 100% of the company
16.5% Profit Tax (2014 - 2015)
Hong Kong Investment Visa
The most common type of a company in Hong Kong
Good reputation when raising capital
Transferring ownership is easier and more transparent compared to sole proprietorship and partnership
How to Incorporate?
Update changes to CR and IRD
Inland Revenue Department
Business Registration Renewal
Accounting and Audit Report
Maintaining your company
Company vs. Personal
2 months before incorporation