| GENERAL INFORMATION |
| |
| Location |
South East Asia |
| Population |
7 million |
| Native language |
Cantonese, Mandarin, English |
| Currency |
Hong Kong dollar |
| Political status |
Democracy |
| Constitution & Political status/stability |
Basic Law |
| Banking & professional facilities |
Most major international banks operate in Hong Kong.
International and local accounting firms, and local and foreign law
firms are available |
| Legal system |
English Common Law |
|
| TAX REGULATIONS |
| |
| Income tax |
|
 resident |
15% |
| non-resident |
15% |
| Trusts |
|
| resident |
15% |
| non-resident |
15% |
| Corporate tax |
|
| resident |
16% |
| non-resident |
16% |
| exempt |
N/A |
| Estate duty |
Yes |
| Withholding taxes |
No (dividend or interest or undistributed profits) |
| Exchange controls |
|
| resident |
No |
| non-resident |
No |
|
| TRUSTS |
| |
| Are trusts permitted? |
Yes |
| Perpetuity period |
Rule against perpetuities |
| Accumulation period |
N/A |
| Statutory trust law |
No |
| Trust duty |
No |
| Forced heirship exclusion |
No |
| Asset protection measures |
No |
| Trust register |
No |
| Resident trustee/s required |
No |
| Regulation of trustees |
Yes, Trust Law |
|
| CORPORATION LAW FACTORS |
| |
| Type of corporate vehicles |
Private and public limited companies |
| Incorporation time scale |
Seven working days |
| Fees: Incorporation - Government |
Approximately US$230 for authorised share capital of HK$10,000, HK$1 per additional authorised share capital of HK$1,000 |
| Other |
Approximately US$800 for professional fee |
Annual -
Government |
Approximately US$350 for business registration fee and nominal fee (US$15) for filing annual return |
| Other |
Nil |
| Resident directors required |
No |
| Min number of directors required |
2 |
| Directors meetings required |
Yes |
| Other requirements |
Resident secretary |
| Beneficial ownership disclosure |
No |
| Shareholder disclosure |
Public register |
| Minimum number of shareholders |
2 |
| Bearer shares allowed |
No |
| No-par value shares allowed |
No |
| Public share register |
Yes |
| Shareholders meetings required |
Yes |
| Frequency |
Annual |
| Place |
Anywhere |
| Annual return required |
Yes |
| Audit required |
Yes |
| Foreign currency accounting allowed |
Yes |
| Registered office |
Yes, physical address in Hong Kong |
| Registered agent |
No |
| Stamp/capital duty |
Yes, 0.2% for share's stamp duty and 0.1 % for capital duty (capped at HK$30,000 per case) |
| Naming your company |
The intended company name must not be the same as one already registered. Must end with 'limited' |
| Company mobility provisions/redomicility rules |
