Company Incorporation in Hong Kong

It is mandatory to receive the approval of the company name before incorporating the company.

A company in Hong Kong can have a maximum of 50 shareholders. They don’t have to be local citizens. Also, a shareholder and a director can be the same or different persons. Meetings of shareholders and directors can be arranged at any place of convenience.

Appointment of a company secretary is mandatory for a company in Hong Kong. The person who is appointed as the company secretary cannot be a director or shareholder of the company. The CS will be responsible for maintaining the statutory records and books of the company.

In Hong Kong, there is no requirement of minimum share capital. What is important is that a company should have at least one shareholder.

Audit of accounts - It is compulsory to have the company accounts audited annually by a certified public accountant.

Annual returns - Annual returns of the company have to be filed with the Hong Kong company registry.

Annual general meeting - Annual General Meeting, of the company, should be held on a yearly basis, as per the calendar year. The first Annual General Meeting should be held within 18 months of the date of registration of the company.

As per the laws in Hong Kong, all the information regarding the directors, shareholders of the company is public and shall me mandatorily filed with the Hong Kong registrar of companies.

As per the laws, there is no requirement of paying any taxes such as GST in Hong Kong. The only tax that has to be paid is the one derived from the profits made in Hong Kong.