Page 1

HONG KONG Features of Hong Kong Companies TAXATION  Full exemption from taxation for any business activity or transaction carried out outside Hong Kong. AUTHORISED CAPITAL / SHARES  Only nominative shares are allowed.  No paid-in capital is required. DIRECTORS / OFFICERS (SECRETARY) AND SHAREHOLDERS  Shareholders and directors can be either corporate entities or natural persons.  Initial or ongoing changes in directors and/or officers need to be filed at the Companies’ Registry.  The directors may grant special or general powers of attorney.  The Register of Directors and Secretaries shall be kept at the Registered Office.  Neither the directors nor the officers need be shareholders.  Shareholders and directors may be of any nationality and may be resident of any country.  Shareholders and directors may hold their meetings in any country and may attend such meetings by proxy or by any electronic means (phone, fax, etc.)  The appointment of one secretary is mandatory.  The company secretary must be a corporate or a natural person residing in Hong Kong. ANNUAL FILING  The filing of annual returns is mandatory.  The filing of audited annual accounts is mandatory.  Employer's Return of Remuneration and Pensions; the company must confirm if it had employed / hired any workers in Hong Kong during the year in due course.  The filing of an annual profit tax return is made on a request basis, but the company must be prepared to file it, if required. INCORPORATION AND ADMINISTRATION  Excellent availability of company names for incorporation.  Familiarity of incorporation documents (Memorandum & Articles of Association, Certificate of Incorporation).  The word "Limited" must be used in a company's name ending.  Incorporation procedure takes 7 days.  The Hong Kong Registry is equipped with modern sophisticated computer equipment, which heightens speed and efficiency in the processing of documents in a timely manner.  Relatively simple ongoing administration if activities of the company are not complicated and take place outside of Hong Kong.  Shelf companies available. RECORD KEEPING  Accounting books of the company may be kept abroad.  Keeping accounting records is mandatory, as is an auditing exercise in Hong Kong every year.  The director(s) must keep, at his (their) office, the statutory books, including the minutes book, the register of directors, shareholders, secretarial, mortgage & charge and accounting records. REGISTERED OFFICE AND CORPORATE SEAL  Registered Office in Hong Kong is required.  Corporate seal is mandatory.

COSTS AND FEES  Reasonable formation and maintenance costs and fees. USES OF HONG KONG CORPORATIONS  Holder of bank accounts, fixed deposits, investment plans and any other financial investments such as securities, bonds, options, etc.  Owner of the shares of other companies or legal entities.  Owner of apartments, houses, buildings, vessels and any other movable or immovable property or goods.  Manager and promoter of international business transactions.  International leasing of vehicles, machinery and others.  To pay or receive commissions, royalties or other similar payments.  Marketing and promotion of products and services.  Other commercial and financial activities. HIGHLIGHTS OF HONG KONG  Excellent corporation law.  Serviced by major world airlines.  Excellent hotel accommodation.  Excellent worldwide communication facilities.  Skilled personnel.  British territory until 1997, when it became a special administrative region of China with autonomous power.  Ranks among the top twenty trading economies in the world.  World's third largest financial centre.  World's largest container port.  Major gateway for trade investment and finance into China and the rest of Asia.  Languages: English and Chinese.  Long tradition of political and economic stability of the country. MOSSFON / ORION REQUIREMENTS  Due diligence documents, as required.  Our Registered Office and Company Secretary in Hong Kong must be appointed.  Non-payment of the annual fees will result in the immediate termination of the provision of the Registered Office/Secretary.  Appropriate accounting records or statement must be supplied to our Registered Office every year.  Written instructions and written undertaking to supply records required by the Hong Kong Government. SOCIAL AND ECONOMIC INDICATORS Location:

Southern tip of Guangdong, province of China


1,104 square kilometers


7,122,508 (2011 est.)


20º C average temperature

Official Language:

Chinese and English


Special administrative district

Living Standard:



Worldwide banking facilities available

Legal Tender:

Hong Kong dollar


Banking, professional services and shipping


Hong Kong Companies feature – English  

MF&Co. - Hong Kong Companies feature English. Last update November 2012.