frequently asked questions about company formation
TRANSCRIPT
Frequently Asked Questions about Company Formation in Hong Kong
A presentation brought to you by OpenCompanyHongKong.com
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1. What are the Steps for Company Incorporation in Hong Kong?
• A few mandatory steps are required to open a Hong Kong company.
• Investors must choose an available name and have it approved and afterwards register the company with the Companies Registry.
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2. Who can Open a Company in Hong Kong?
• There are no restrictions on nationality for opening a company in Hong Kong.
• Foreign investors enjoy the same rights as local entrepreneurs.
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3. Must the Company be Based in Hong Kong?
• A company incorporated in Hong Kong must also have a registered address in the city.
• Foreign corporations that want to establish a branch in Hong Kong must also base their office in the city.
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4. What are the Requirements for Opening a Bank Account?
• The bank account is mandatory for all companies incorporated in Hong Kong. Banks will usually require the company incorporation documents and identification proof.
• Employees in Hong Kong are also advised to open a bank account for personal use.
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5. What Documents are Required for Company Formation in Hong Kong?
• The Articles of Association are the core documents required from all those who want to open a company in Hong Kong.
• The rights and liabilities of the shareholders and company directors as well as the scope of the business are included in this document.
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6. What is the Minimum Share Capital in Hong Kong?
• There are no mandatory minimum initial capital provisions included in the Company Act.
• Companies that are incorporated using this share capital must state it in the incorporation documents.
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7. What are the Types of Companies in Hong Kong?
• Several types of companies are available for incorporation in Hong Kong. These are:
the limited liability company;
the partnership;
the sole proprietorship;
the branch;
the representative office.
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8. What are the Taxes in Hong Kong?
• Companies and individuals who derive income from a Hong Kong based source are subject to taxation according to the local regulations.
• Hong Kong has a low taxation regime and companies are subject to a minimum number of taxes, including the corporate income tax.
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Further Questions?
• Investors in Hong Kong who have more questions about company registration can request special services for company formation, registration and management in the city.
• You can contact our company registration agents in Hong Kong and they will answer your questions.
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+ 852 8191 3385 (for international clients)
http://www.opencompanyhongkong.com/ 11