What Conditions Do You Need To Set Up A Limited Company In Hongkong?

Q: what qualifications do I need to set up a limited company in Hongkong?

Answer: two or more shareholders aged 18 or above.

Mainland citizens or overseas persons with passports or identity cards are acceptable.

A registered address and a statutory Secretary of a limited company.

How long does the new company take?

How long does it take to buy a ready shell company?

Can I buy a ready-made company before changing my name?

How long does it take to change names?

A new Hongkong office will be completed within 10-15 working days after signing all the legal documents. The 1-2 day of purchase will be completed on the 1-2 day of work, and it will be completed on the first day of the rush. The company will complete the work on the 3-5 working day. After buying the company, the company name can be changed, and the name of the company will be changed for another 15-25 working days.

What is the difference between shareholders and directors?

A shareholder is an investor of a joint stock company. A director is elected by a stockholder and is a manager of a company. The chairman of a board of directors is the person in charge of the board.

The Hongkong company requires at least two shareholders and directors.

More than two shareholders are not necessarily a director of each shareholder, but at least two directors, one of whom can be the chairman of the board.

Of course, more often than not, shareholders are directors.

What is the difference between the name selection of Hongkong company and the mainland?

Hongkong company is more liberal. Some companies that are difficult to register in China can be registered in Hongkong, so long as they are not duplicated.

Regardless of the size of the registered capital, the Hongkong government allows the name of the company to include international, group, holding, industrial, investment, college, association, center, foundation, Research Institute and other words. The name of the company can also add its favorite place names, such as France, the United States, Italy, Japan, Hongkong, Shanghai, etc., and can also use their names and hometown names in the company name, which fully embodies the personalization.

Do you have any restrictions on the scope of business of Limited Hong Kong Company?

Hongkong is the freest trade port in the world, and there is not much restriction on its business scope in principle.

Enterprises can operate any kind of business, such as finance and investment, medical care, ship pportation, import and export trade, real estate, architecture, decoration and decoration, information network, clothing and textile, tourism, cultural publishing, etc. many small and medium-sized business owners do not specify the scope of operation, so that they will not restrict their business to a certain scope.

What is the registered capital of Hongkong company?

Should registered capital be in place?

Answer: Hongkong limited liability company's minimum registered capital is HK $10 thousand, and it does not need to be in place.

Hongkong's company certificate does not have a registered capital column, and registered capital is only reflected in the articles of association.

If a client wants to prove his registered capital, it is enough to draw up his articles of association.

Our accountants can also issue CERTIFIED TRUE COPIES.

Q: how shall we pay when we decide to set up an overseas company?

Payment: you can pay in cash, pfer, telegraphic pfer, check or cashier's ticket to our designated Hongkong or mainland account.

The cash outlets are Hongkong, LA, KUALA LUMPUR, Shenzhen, Guangzhou, Chengdu, Yiwu and so on.

Overseas people can remit their money to the Hongkong account. Mainland China can remit the money to the Shenzhen account. The account information is welcomed by the carding payment method: after the client completes the entrustment, he must pay 50% of the cost in advance, and the other 50% is delivered at the completion of the company's establishment.

1/1000 full registered capital printing tax is prepaid.

Agents and customers pay the same way.

How do you open a bank account after setting up a company?

Answer: when opening an account, all directors of the company must go to the bank in person. At the same time, we must notify us in advance, and we will cooperate with each other.

You can choose to open accounts in Hongkong or in foreign banks in China, Hongkong's local accounts, and offshore accounts in the mainland.

The account you open usually includes: SAVING ACCOUNT, foreign currency savings account (including all general foreign currencies), and Hong Kong dollar checking account.

All three accounts can accept letters of credit.

However, if a letter of credit is to be opened, a letter of credit account must be opened.

The documents that the director must prepare for opening an account are: the original / Business Registration Certificate / original / original / original / original / original / original record / original / new account. If the signature is required, the director will need to prepare the original certificate of credit (the name of the account holder, the passport or ID card number, the date of opening the account, the amount of deposit, and the "good bank record").

Our services include: recommending the bank to open an account, preparing the account opening document signed by the accountant, meeting minutes and bank account application / arranging the introducer / arranging the special person to help the bank open the account. If the bank accepts your good local account, it will normally accept your cash deposit, but withdraw cash must wait until the bank has checked the confirmation of the company registration office.

The new company has about 20 working days.

Question: which cities in the mainland can open offshore accounts?

How to operate offshore accounts opened in Shenzhen in different places?

Answer: at present, some Hongkong banks in Shenzhen, Guangzhou and Xiamen can open offshore accounts.

If customers are not convenient to come to Shenzhen, they can make signature testimony in Shanghai, Hangzhou and Beijing.

In other places, you can use passwords, telephone and fax to instruct bank operation accounts.

Now some banks have begun to accept online banking operations.

Question: what's the difference between Hongkong's local and mainland offshore accounts?

There are several differences between Hongkong accounts and offshore accounts: the first is that Hongkong's funds are out of control. Offshore accounts are accounts opened by foreign banks in China and should be regulated by Chinese financial institutions.

Therefore, offshore accounts can not be deposited in cash at present, and second is bank charges. Hongkong accounts for a small amount of local accounts, while offshore accounts are charged at every charge.

The third aspect is that different accounts can be opened. Offshore accounts can be accepted by the holders of mainland ID cards. The local accounts of Hongkong require that an account holder must have a passport or pass.

The fourth aspect: Hongkong's local accounts are fully functional, while offshore accounts are limited in some functions.

The fifth is the speed of opening accounts, the former is faster and the latter is slower.

Question: can a company open multiple accounts?

Is there any necessary connection between them?

There are no basic accounts and non basic accounts in Hongkong.

Enterprises can open numerous accounts as required.

Their functions and status are the same.

From a bank perspective, there is no necessary connection between them.

However, before making accounts, all bank entry lists must be submitted centrally.

Question: when will the newly established limited company find the company's background record in the company registration department?

In general, after 16 working days, you can check the company's background record in the company registry.

The information is stored in the form of film, so as to facilitate public search.

According to this situation, as long as a newly established company has to open an account, we'd better notify the 16 working days of the concerned parties to consult the Registrar.

If the company has been established for more than 1 months, the result will be 3 days after the search.

Question: what kind of expenses do you have to pay every year after the establishment of the Hongkong company?

There are two expenses to be paid annually: annual audit and annual audit.

1, the annual fee of the tax bureau and the annual report of the company registry are the annual cost.

The price will be adjusted with the adjustment of the government.

It's floating around 3000-5000.

Even if the company does not produce any business, the cost must also be delivered.

2. As for accounting making and auditing, if an enterprise starts to operate and there is a business, it is necessary for an enterprise to do audited accounts.

If an enterprise does not have a business, it is not necessary for an enterprise to do audited accounts.

But filing taxes is a must.

Question: who established the Hongkong company? Who will be responsible for accounting and auditing every year?

What information do you need to provide if the accountant is handled by you?

Specific charges?

How long will it take?

Answer: accounting can be done by the enterprise itself or by the Hongkong accounting firm.

But auditing must be entrusted to an accountant or auditor.

If we do so, you must submit all the records of business pactions: account books, invoices, receipts, payment vouchers, bank statements, receivable receipts, and outstanding accounts payable.

Generally speaking, it takes one month to manage the accounts, and the audit takes 1-2 months.

Our company has no offices in Hongkong, nor does it employ any staff. After we set up a Hongkong company, what should we do in terms of management?

Answer: our business secretarial service is specially designed for this aspect.

For details, please refer to the details of the business secretarial services.

What is the situation of Taxation in Hongkong?

Hongkong is a free port with a low tax rate and a low tax rate.

The tax that enterprises must pay annually is only one of profits tax. The so-called profits tax is calculated according to the income of the enterprise, that is, 16% of net profit.

For example, the annual turnover of an enterprise is 10 million, gross profit 2 million and net profit 1 million.

The profits tax that this enterprise should give to the government is 100X16%=16 million.

If the enterprise is not profitable, the enterprise does not need to pay taxes.

Do you want to pay duty on products entering and leaving Hongkong?

In addition to smoking and drinking, the goods normally enter and exported to Hongkong need not be taxed.

However, all import and export goods must be declared, and the declaration fee is 0.5% yuan (less than 47000 yuan) and 0.3% (47000 or more) of the actual price.

Yes, yes.

The registered capital must be paid in the set up HK company.

The registered capital printing tax is charged according to the 1/1000 of the registered capital.

For example, the registered capital is 1 million yuan and the taxable amount is 1000 yuan.

Question: which department is the invoice receipts of Hongkong company produced by?

The invoice receipts of Hongkong company are not printed uniformly by the Inland Revenue Department, but printed by the board of directors according to the business nature of the company.

Invoice receipts and other receipts must be stamped with the company seal and will be effective after the person in charge is authorized.

The purpose of my set up HK company is to apply for a joint venture or a wholly foreign-owned enterprise in the mainland. The shareholders of the Hongkong company are all mainland residents.

Generally speaking, Hongkong companies can be made up of mainland shareholders. But if a foreign joint venture or sole proprietorship is to be established, the foreign trade and economic cooperation will usually invite at least one overseas shareholder to sign the document.

In this sense, it is necessary to arrange an overseas shareholder to enter the company.

Q: our Hongkong company has just been established. Is it possible to directly handle foreign joint ventures or wholly foreign-owned enterprises in the mainland of China?

Generally speaking, if a foreign businessman wants to invest in China, the establishment of the foreign enterprise must be more than one year.

If you are a registered company in Hongkong, can you set the company's account number in the foreign bank in China?

For example, the Bank of Hongkong in Shenzhen?

Yes, yes.

After the establishment of your company, a company director can open an offshore account with a foreign bank in China on the mainland identity card.

However, there is a first requirement for a director to open an account in person.

Q: what are the daily duties of Hongkong companies, such as tax returns?

Can I entrust it to you?

What is the annual cost?

Answer: in Hongkong tax, it only takes one year to make a tax.

The question of how to collect fees depends on the actual situation of your company.

If you choose a business secretarial service, there is no extra charge for tax return.

But accounting, auditing must be paid. The cost is determined according to the turnover and the size of the bill.

If there is no business in the company, there will be no cost.

Q: what is the tax rate of the Hongkong company?

How to define the time for specific tax returns?

Answer: Hongkong's tax rate is calculated according to the actual profit of 16%.

The custom of Hongkong company is that every year in March 31st as the financial year, you can extend the tax return for one year.

Question: if our Hongkong company exports to tens of millions of dollars per year, what support does the Hongkong government have?

How can we obtain relevant documents for free entry and exit to Hongkong?

Hongkong government and Hongkong bank now have some plans to support small and medium-sized enterprises. If we meet the requirements, we can get their help. Hongkong is now learning from the United States. As long as rich people and knowledgeable people can help and contribute to Hongkong's economy, they will consider absorbing it.

As for access to Hong Kong and Macao documents, suggestions