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Name: Hong Kong Special Administrative Region

Chan & Loke's Rating:

Last Date Updated: 25-6-2003

1) Jurisdiction  

List of Countries

Type of company : Limited
Political stability : Good
English Common Law model : Yes
Special Financial Privacy Regulation : No
Tax on Offshore Profits : No
Double Taxation Treaties : No
Chinese name allowed on Certificate of Incorporation? : Yes
2) Corporate Requirements  

 

Name restriction :

Yes

Minimum number of shareholders required :

One (1)

Minimum number of directors required :

One (1)

Bearer shares permitted? :

No

Corporate directors permitted? :

Yes

Standard authorised capital : HK$10,000
3) Statutory Requirements  

 

Local directors required :

No

Local meetings required : No
4) Filing Requirements    
Disclosure of beneficial owner : No
Disclosure of shareholders : Yes
Disclosure of corporate directors : Yes
Annual audited accounts :

Yes

Annual returns :

Yes

Registered Office/Agent : Yes
5) Costs    
Incorporation fee : US$500
Domiciliary services fee : US$750
Government tax : US$330
Filing fees :

US$50

Basic first year costs

:

US$1,630

Basic second and subsequent year costs

:

US$1,130

6) Advantage  

 

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Exemption for profits earned offshore

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Well developed financial services industry

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Common law legal system based on UK English law

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Well developed professional infrastructure

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Excellent telecommunications system

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No foreign exchange control

7) Other Information    
Location : Asia
Status : Chinese Special Administrative Region
Capital : Victoria
Main Cities : Kowloon
Population : 5,890,000
Area : 1,040 Sq. Km.
Currency : Hong Kong Dollars: 1 Hong Kong Dollar = 100 Cents
Languages : English, Mandarin, Cantonese
Religions : Buddhist, Confusian, Taoist, Christian, Muslim, Hindu

More information about Hong Kong

 

Please note: We accept no responsibility for any inaccuracy in the above and recommend professional advice be taken before purchasing a company


 

Chan & Loke

Certified Public Accountants

webmaster@chanloke-cpa.com