Commonly Asked Questions
Q: What are the share capital requirements of a Hong Kong private company?
Hong Kong companies are usually established with an authorised capital of HK$10,000 comprising of 10,000 shares of HK$1.00 each. The founder shareholder has to subscribe to at least 1 share and, depending on the preference of the founder shareholder, the authorised or issued share capital could be significant. There is a capital duty of 0.1% payable on the authorised share capital subject to a ceiling of HK$30,000.
Q: What are the requirements for shareholders?
Shareholders of a Hong Kong private company can be individuals or corporations and can reside or be incorporated in any part of the world. There is no requirement for local shareholders. A Hong Kong company must have a minimum of one shareholder.
Q: We are incorporated outside Hong Kong. Can we be a director of a newly incorporated Hong Kong company?
A Hong Kong private company must have at least one director. The directors can be individuals or corporations (except for a company that is a member of a group of companies of which a listed company is a member) and can reside or be incorporated in any part of the world. There is no requirement for a local director.
Q: Do we need a local address?
A Hong Kong company must have a local registered office and a local secretary. We can provide the services of a local registered office address and a local secretary.
Q: What other requirements have to be met to maintain a Hong Kong private company?
A Hong Kong company must:-
- maintain proper accounts;
- appoint auditors to audit its accounts;
- apply for a business registration certificate;
- for specified industries, obtain licences, for instance travel industry, food and beverage industry, financial services industry etc.
Q: How long will it take to establish a Hong Kong company?
It takes about 2 weeks to incorporate a Hong Kong company with your chosen name. If you need a company quicker than this, we can provide a shelf company and this could be set up within 2 days. You can then change the name of the shelf company.
Q: How much will it cost me to establish a Hong Kong company?
We will provide our fee structure upon request.