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Company Formation in Hong Kong

Entity Type: Company limited by shares – Private Company


Name Details

Does the name of the company require approval by the Registry or other authorities?

Yes.

How many prospective names will you require?

3 – in either English, Chinese or both.

Are there any restrictions or limitations on words that can be used in company names?

Yes.

  • Must end with word ‘Limited’.
  • The name cannot be the same or too similar to those already registered with the Hong Kong Companies Registry.

Address Details

Does the company need to provide a registered address?

Yes.

Are there any limitations on the registered address (i.e. must be in-country, must not be a PO box)

Must be located in Hong Kong, ‘care of’ addresses or post office box numbers are not acceptable.

If the client has no physical location incountry, can they use your address for the purposes of registration?

Yes, we can provide the client with registered office address.

Officer Details

How many Directors are required?

Minimum of one

  • At least one director who is a natural person.
  • If the individual meets one of the following conditions is restricted on appointment: (i) have been discharged from acting as a company director, (ii) are undischarged bankrupt or (iii) are under 18.

Are any other officers required (i.e. Secretary)?

Yes, Company Secretary.

What personal details will you need for each officer?

Full Name, address, nationality, passport (for non-Hong Kong resident) /Hong Kong Identity Card number.

Is there a requirement for any in country resident directors?

For practical reasons, at least the person authorised with the day to day management (usually the Managing Director) should reside in Greece, so that he is able to sign contracts, checks etc.

Do you need proof of address or Identity for officers? If YES, in what format?

For individual:

  • Non-Resident: photocopy of passport and residential address proof (within 3 months)
  • Resident: photocopy of Hong Kong Identity Card and residential address proof (within
    3 months)

For corporate entity:

  • A photocopy of certificate of incorporation, the registers of directors and officers, the register of members, registered office
    address proof and memorandum and articles of association of all corporate directors/officers.

Shareholders Details

How many shareholders are required?

Minimum of one.

Are there any restrictions on who can be a shareholder?

No.

What information will you require about shareholder?

Full name, address, nationality, passport (for non-Hong Kong resident) for /Hong Kong Identity Card number, number of shares proposed to be held.

Will you require proof of address or ID from the shareholders?

For individual:

  • Non-Resident: photocopy of passport and residential address proof (within 3 months) Resident: photocopy of Hong Kong Identity Card and residential address proof (within 3 months)

For corporate entity:

  • A photocopy of certificate of incorporation, the registers of directors and officers, the register of members, registered office address proof and memorandum and articles of association of all corporate shareholders. Also, please provide us each of the ultimate beneficial owner’s due diligence documents (please refer to individual).

Share Capital

Will the company need to specify a maximum number of shares that can be issued?

Yes.

Is there a minimum number of shares that can be issued?

Yes, one.

It is common for a company to start with an issued share capital of HK$ 10,000 divided into 10,000 shares.

Is any stamp duty paid on the issued share capital? If YES, at what rate is this calculated.

No.

Other Details

Do you require any further information about the company or its officers?

  • A short description about the business nature (not more than 60 characters including spaces) for showing on the Business Registration Certificate)
  • Financial Year-End Date
  • Business commencement date, if any
  • Reason for use of jurisdiction as place of incorporation
  • Source of Funds of the company
  • Source of Wealth of the shareholder/beneficial owner

 

Timescale

How long will it take to complete incorporation

Approximately 7 to 10 working days once all documents prepared and signed.

Is there any way to expedite the incorporation for an extra fee?

No.


Latest version updated 3rd May 2018

Country Breakdown

7.3

Million

Population

HK$

Hong Kong Dollar

Currency

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Billion

GDP

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km2