Company Formation in Hong Kong
STEPS OF COMPANY FORMATION IN HONG KONG
In order to incorporate an offshore company in Hong Kong, the procedure entails two steps:
1. Approval of Company Name
The first step in the registration procedure involves approval of the proposed name of the company by submitting an application to the Companies Registry.
Company Name guidelines:
- A company may be registered with an English name, a Chinese name, or an English and a Chinese name.
- A company name with a combination of English words/letters and Chinese characters is not allowed,
- An English company name must end with the word Limited and its equivalent in Chinese characters in the case of a Chinese company name.
- A Chinese company name should use traditional Chinese characters, in "New Sai Ming" font, that can be found in the Kang Xi Dictionary or Ci Hai Dictionary and also in the ISO 10646 international coding standard.
- Company names containing words or expressions such as 'Trust', 'Chamber of Commerce', 'Bureau', 'Cooperative', 'Government' etc. will require prior approval from the Chief Executive
2. Application for Company Registration with the Companies Registrar
- Once the name has been approved, the incorporation request can be filed with the Companies Registry by submitting the above mentioned incorporation documents that have been duly completed and signed.
- A registration fee of HGD 1,720 and the capital fee of HKD 1.00 for every or part of HKD 1,000 of the nominal share capital (this capital fee is subject to a maximum of HKD 30,000 per case), is payable to the Companies Registry for incorporating a private limited company.
- The usual timeframe for incorporating an offshore company in Hong Kong is 7 business days
REQUIREMENTS FOR OFFSHORE COMPANY FORMATION IN HONG-KONG
To setup a Hong Kong limited liability company, normally the following documents will be required:
- A copy of the Memorandum and Articles of Association (MAA) for the company. A standard MAA document is normally provided by the professional services firm who is assisting with incorporation of the company.
- A duly completed incorporation form that includes the following:
- Company name
- Registered address
- Brief description of business activities
- Particulars of shareholders, directors and company secretary
- Liability of members
- Share capital registered on incorporation
- Number of shares taken up by subscribers
For non-resident shareholders and directors:
- Copy of passport, overseas residential address proof, bank reference letter
For resident shareholders and directors:
- Copy of Hong Kong identity card
For corporate shareholders and directors:
- Copy of parent company registration documents such as Certificate of Incorporation and Memorandum & Articles of Association.