A. A company can be registered with an English name / a Chinese name / an English and a Chinese name which not be appearing in the Index of company names kept by "Companies Registry".
There are some restrictions on the registration of company names.
For restriction of using certain words, please refer to Company Names Guidelines from Hong Kong Companies Registry.
A. No. According to Hong Kong Company Ordinance, the last word of an English company name of a limited company must be "Limited" although the word "Ltd" is considered to be the same as "Limited".
A. Yes. It is possible to change the company name by passing a special resolution. The whole process takes around 10 working days. However name search has to be carried out to ensure the new name is still available.
Once the name change is approved, a Certificate of Change of Name will be issued by the government.
Contracts with old company name need not be signed again. However, new name need to be used for all new transactions and therefore new set of company chops need to be made.
A. Hong Kong Company is no nationality restriction for Shareholder(s) and Director(s).
The basis requirement of shareholder and director:
A. At the time of company incorporation, you do not need to be present in Hong Kong. Everthing can be done by email and courier.
At the time of bank account opening in Hong Kong, you may have to meet with the bankers personally.
A. "Ready Made Companies" same as "Shelf Companies" means the company is formed, left with no activity and put in list for purpose of selling.
It is definitely no need to worry about buying a ready-made company from us and taking over any unknown responsibility.
A. Hong Kong Companies Ordinance has not prescribed any requirement for the number of shares proposed to be issued. The minimum subscribed share capital is 1 ordinary share (equivalent to HKD 1). The standard authorized share capital is HKD 10,000 splitting into 10,000 ordinary shares.
A. Yes. Information of the company’s director(s), shareholder(s) and secretary must be filed at the Companies Registry and are on public record.
A. The sole director of a Hong Kong private company must not also be the company secretary.
A. By Hong Kong Companies Ordinance, registered office of every Hong Kong limited company must be situated in Hong Kong. Non-Hong Kong addresses, 'care of' addresses or post office box numbers are not acceptable.
A. Our "Registered Address Parking" service is provide a Hong Kong address for registration and government correspondence purposes only. For non-government correspondenc such as bank letter and business mail, client can engage our "Correspondence Address Parking" service.
A. Annual filing requirements include:
Except in the year of its incorporation, a Hong Kong registered company should file its annual return once in every calendar year within 42 days after the anniversary of its date of incorporation.
IRD issues Tax Return filing notifications to companies on the 1st of April every year. For the newly incorporated companies, the notification is generally sent on the 18th month of the incorporation date. Companies must file their Tax Return within one month from the date of notification.
A. An annual registration fee of HKD 105 is payable if it is delivered within 42 days after the company's return date. Any late filing will subject to higher charge depending on the numbers of date over-due.
|within 42 days||HKD 105|
|42 days after but within 3 months||HKD 870|
|3 months after but within 6 months||HKD 1,740|
|6 months after but within 9 months||HKD 2,610|
|More than 9 months||HKD 3,480|
A. A Hong Kong company which fails to file its annual returns within the prescribed time period is in breach of the Companies Ordinance. The Registrar of Companies may consider taking strike-off action in appropriate cases.
A. There are 2 methods to close a limited company. However, they are not free for the choice of shareholders and directors. Specific conditions need to be met for the applicability of different method:
This is the least costly way to bring a Hong Kong limited company to an end but some criteria applies:
There are 3 types of winding-up:
Winding up a company is a lengthy, expensive and time consuming procedure. Please contact us for more details.
A. The whole process takes around 6 months to complete after original documents submitted to government if no objection received by the government during the de-registration process.
Once the company is dissolved, all property including credit balances in bank accounts, motor vehicle, landed property, etc. and rights vested in or held on trust for the company immediate before the dissolution is vested in the HK government as bona vacantia.