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Hong Kong Company Formation Requirements
Company Formation Requirements in Hong Kong
The minimum requirements to set up a Hong Kong (HK) company include:
- Company name
- Shareholders
- Director
- Company Secretary
- HK registered address
- Paid-up capital
Company Name: Each Company Name Should Be Unique
- It is required to have the company name approval by the Hong Kong Companies Registry to ensure no repetition.
- Can be both English and Chinese or only English.
- Get 3 possible names and check the availability with us.
Shareholders (Aged 18 or Over): Minimum One Shareholder of Any Nationality with Aged 18 or Over
- No Hong Kong residency requirement.
- A shareholder can be a person of any nationality or a corporate entity.
- A shareholder can also be a director.
- Appointment of a nominee shareholder is permitted.
- Hong Kong limited private companies are permitted to have a minimum of one shareholder with a maximum of 50 shareholders.
Director: Minimum on Director of Any Nationality with Aged 18 or Over
- There is no limit for the number of directors and one of the Directors should be a natural person.
- A local or overseas corporate entity can be one of the Directors
- No Hong Kong residency requirement
- A Director can also be a shareholder.
- Appointment of a nominee director is permitted.
A Company Secretary: A Person Who Must Reside in Hong Kong or a Corporate Entity Which Must Have an Office in Hong Kong
- A sole director and shareholder cannot act as company secretary.
- A company secretary can be appointed through an agency offering company secretary services for Hong Kong companies.
A Hong Kong Registered Address: Each Hong Kong Company Must Have a Registered Office in Hong Kong
- A registered address must be a local physical address (in HK).
- It cannot be a PO Box.
- A registered address must be reachable by government (for letter sending purpose).
Paid-up Capital: Minimum of HK$1
- Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock.
- The basic norm is a paid-up capital of HKD 10,000 which representing 10,000 ordinary shares of HKD 1.00 each.
- There is no cap or restriction for the maximum amount.
- It can be presented in any currency, the most common currency is HK$ and US$.
Documents That Are Required
In order to proceed with the company incorporation in Hong Kong, both Director(s) and Shareholder(s) need to provide the following documents for submission:
- Certified copy of passport (personal particular page).
- Certified copy of residential address proof (dated within 3 months) i.e. electricity bill, gas bill, or bank statement.
The High-level Workflow for a New HK Company Formation
- 1 – Select a plan on the DIY Hong Kong Company website.
- 2 – Select all the items that you require from your chosen plan.
- 3 – Fill in your information in the company incorporation forms.
- 4 – Upload the documents (that are required for the company incorporation).
- 5 – Checkout and make the payment, via credit cards or PayPal.
Our team is able to support and complete the registration with the following services:
- Execution of name search to ensure the company name is available to be used
- Drafting and Preparation of Articles of Association
- Reviewing your uploaded documents and Forms for the company formation
- Submission of all required documents to Hong Kong Companies Registry
- Monitoring the progress to ensure smooth processing
- Collection of Business Registration Certificate and Certificate of Incorporation
- Preparation of 3 copies of Articles of Association
- Preparation of first board minute for appointment of first director(s) and secretary
- Preparation of one set of certified true copy of all company incorporation documents for bank account opening
- Freely appoint as company secretary for the first year
- Consultation of company compliance for the first year
The owner(s) of a company is NOT required to be present in Hong Kong to go through incorporation process.
Why Incorporating the Hong Kong Company Online All By Yourself?
- Visual interface helps concentrate more than verbal communication
- Easy decision making out of service packages
- The lowest cost
- Time saving: it can be proceeded in about ten minutes only
- No meeting with consultant required
- Take place anytime and anywhere
- Easy mode of payment
- Ease of providing information
- No hard copies required
- Privacy of personal data protected
What Are the Items Available in DIY Hong Kong Company Setup?
Registered office address (Compulsory if you do not have a HK based address)
- By law, you must have a local address as a company registered office address.
- If you don’t have a local address, please select one of our virtual office packages.
Basic package (Compulsory)
- Free name search to ensure the company name is available
- Draft and review Articles of Association
- Preparation of documents and Forms for the company formation
- Submission of the documents to the Companies Registry and Inland Revenue Department
- Monitoring the progress to ensure smooth processing
- Collection of Business Registration Certificate and Certificate of Incorporation
- Preparation of 1 copy of Articles of Association
- Preparation of first minute of appointing first director(s) and secretary
- Preparation of one set of certified true copy of all the Hong Kong company incorporation documents for bank account opening
Significant controller assistance (Optional)
- Acting as a representative of the company
- Providing assistance relating to the SCR of the company to law enforcement officers
- Reporting to the significant controllers of the company if law enforcement officers visit
Nominee shareholder service (Optional)
- If shareholders of the clients are unwilling to publicize their personal information, or due to other business consideration, we can act as Nominee Shareholders to them
Green box (Optional) – Items included in the green box:
- One authorized signature stamp
- One company stamp
- Two printed Articles of Association
- One legal seal chop
- Shares certificate
A set of company stamps (Optional)
- One authorized signature stamp
- One company stamp
- One legal seal chop
Bank account assistance (Optional)
- Prepare a set of certified true copy documents based on the bank’s requirements
- Provide you a tailor-made document checklist
- Collect the documents from you
- Review the documents and provide advice for amendment
- Approach and liaise with the preferred bank to arrange a bank account appointment for you
Government fee (Compulsory)
- You must pay these fees to the government.
- This includes Business Registration Fee and Company Registry Fee.
Administration fee (Compulsory)
- You must pay the administration fee.
Express service (Optional)
- Incorporation in 1 business day
- Full set of documents ready in 2 business days
- No need to present in Hong Kong
Incorporate Your New Company
Ready to go through Hong Kong Company Registry?
Resources on Limited Company Registration
CLIENT'S TESTIMONIALS
"We’ve used Prism for a variety of support services and they’ve always been top notch. Definitely recommend them if you need help as a start-up business that needs support getting all of your paperwork in order."
"I have been a client of Prism Consultancy for the past 5+ years. For the majority of that time I engaged in their accounting services. Most recently, I engaged Prism to assist me in processing an important visa application. For the record, I have processed probably at least 50 visa applications on my own through my line of business. I came to Prism because the nature of this application slightly different I needed some guidance. The team at Prism Consultancy were very professional and assured me that whatever additional supporting documents immigration were asking for were standard procedure. The team was very communicative throughout the process. I would recommend their service to anyone needing assistance with a visa application."
"Khan was amazing in the visa process. Applied for the Entrepreneurship visa. The team provided solid advice on what I needed to get this. I provided the documents and within a week the visa application was lodged. Khan was very responsive and worked with me to chase the Immigration department (Albeit delayed due to COVID and CNY). Would 100% recommend in sorting out your visa. Very knowledgeable and got approved without issues. Worth every $ to not have to deal with the hassle of application. Thanks again!"
"I'd like to express my deep gratitude to the wider PRISM Consultancy Team, including Khan, Bonnie, and Shamsa in Hong Kong for helping to execute on the PR (Permanent Residency) in a short timeframe, especially running up against the Chinese New Year holiday. The service was worth it hands down and I'll be sure to promote PRISM to anyone looking for these kinds of consultative services. A special shout out to Khan specifically for his determination, resilience, and speedy execution (and transparency along the way). It was truly impressive to see at a professional services firm. I'd recommend having a meeting with PRISM to learn more about any services they offer to learn more and explore possibilities!"
"Quick response and efficient service with Prism makes my continued business with Prism a pleasure!"
"Chris and Bonnie have been an absolute pleasure to work with. They clearly explained the application process, assisted in drafting necessary documents and were always available to address any questions or concerns. We couldn't have asked for better consultants."
"I am impressed with their efficiency and quality of work as well as their reasonable rates."
"Prism has a very professional team who are able to solve many of my issues regarding from company incorporation to accounting & taxation, from investment work visa to hiring employees with non-HK residency. Their experience in the Hong Kong company secretary field makes me believe that they are second to none."
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CONTACT US
DIY!HKCom (Prism Consultancy Co. Ltd.)
Suite 1404, Tung Wai Commercial Building,
Gloucester Road, Wanchai, Hong Kong
- Phone: +852 3464 5200
- Whatsapp: +852 6073 3208
- Skype: live:.cid.1096843f9857093
- Email: [email protected]
DIY!HKCom is under the management of Prism Consultancy Co. Ltd. Besides Company Incorporation, we also offer services in Hong Kong Immigration, company secretary (or virtual office), registered office addresses, accounting, Xero accounting software subscription, audit, annual tax filing, payroll, website development, SEO, video production, and more.
