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Hong Kong Company Formation

HONG KONG

Type of Entity: Limited private company
Type of law: English Common Law with Hong Kong’s Company Ordinance
Shelf company availability: yes
Incorporation time frame: 6-7 Days
Minimum Government fees: USD$320
Regular Corporate Income Tax: 16.5%
Double Tax Treaty access: Yes
Minimum issued share capital : None ( but it is advisable to start with a minimum of HK$10,000 )
Minimum paid up share capital on incorporation: None
Minimum number of Shareholders required: One
Bearer Shares: No
Nominee Shareholders Permitted: Yes
Minimum number of directors: One (must be a natural person)
Corporate directors permitted: Not advisable
Local directors required: No
Local meeting required : No
Company secretary required : Yes ( must be either a Hong Kong corporate or an individual who is a Hong Kong resident)
General Meetings of Shareholders: Yes, annually
Local Registered office required: Yes
Tax residence to benefit from Tax Treaty network: Based on incorporation in Hong Kong.
Exchange Control: No exchange control regulations - may conduct business in any currency
Disclosure of beneficial owner to Company Registrar: Yes, (required to create and maintain a significant controllers register. The register will not be publicly available but should be open for inspection by law enforcement officers upon demand.)
Government register of directors: Yes
Annual return: Yes (must be filed with the Companies Registrar)
Submission of accounts: Companies are required to submit their accounts together with the tax computation to the Inland Revenue Department
Audit: Yes

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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