Hong Kong
Hong Kong is on the southeast coast of China and consists of a large number of islands and a part of the mainland totalling approximately 1,064 sq km. On 1 July 1997 all of Hong Kong reverted from British Control back to China and became a Special Administration Region 'SAR' within the People's Republic of China (PRC).
Key Corporate Features
General |
|
| Type of entity: | Private Limited |
| Type of law: | Common |
| Shelf Companies Available: | Yes |
| Time to establish a new company: | 10 days |
| Minimum government fees (excluding taxation): | US$450 |
| Corporate taxation: | Nil on Foreign Profits |
| Double taxation treaty access: | Other Countries - for shipping and aviation. |
Share capital or equivalent |
|
| Standard currency: | HK$ |
| Permitted currencies: | Any |
| Minimum paid up: | HK$1 |
| Usual authorised: | HK$1,000 |
Directors or Managers |
|
| Minimum number: | One |
| Local required: | No |
| Publicly accessible records: | Yes |
| Location of meetings: | Anywhere |
Members |
|
| Minimum number: | One |
| Publicly accessible records: | Yes |
| Location of meetings: | Anywhere |
Company Secretary |
|
| Required: | Yes |
| Local or qualified: | Local |
Accounts |
|
| Requirement to prepare: | Yes |
| Audit requirements: | Yes |
| Requirement to file accounts: | Yes |
| Publicly accessible accounts: | No |
Other |
|
| Requirement to file annual return: | Yes |
| Change in domicile permitted: | No |
