Formation of Hong Kong Companies

• Hong Kong is a low taxation city.  Its tax laws are simple and straight forward without too many kinds of tax impositions.  Thus, it is easy to deal with taxation problems.
• As one of the major cities in the world, Hong Kong has lowest profits tax rate. The highest tax rate charged is only 16.5%.
• All companies in Hong Kong (if their profits are not gerenated from Hong Kong) are not subject to Hong Kong tax.
• No double taxation.

• Hong Kong's legal system is based on that of the United Kingdom which has well developed.  Each company limited is an individual  legal entity fully protected by laws and regulations of the HKSAR.
• Hong Kong has legislation to protect private personal data  under the Personal Private Data Ordinance.  All companies' confidential information are entirely protected.
• All agreements/contracts executed in Hong Kong SAR are recongised world-wide and substantially protected

• As mentioned above, Hong Kong SAR is a well-known international city. Banks representing different countries of the world have established their offices in Hong Kong everywhere.
  
  Hong Kong, being a big city in South East Asia, has gained support and trust from foreign countries.  In these circumstances, it is easy and convenient to open a bank account(s) in Hong Kong.  Procedures involved are simple and time-saving.
• Hong Kong SAR has no currency control. Tele-Transmitting money in and out of the place can be done quickly in minutes.
• Hong Kong SAR is a free port. Trading activities are very prosperous and documents arising from tradings of different sectors require various professional services.   Hence, there are numerous experts and bankers in Hong Kong SAR to assist clients in handling documentations efficiently.

• Filing of details of Members, Directors and Company Secretary, and Registered Office.
• Application of the Certificate of Incorporation (C.I.) and Business Registration Certificate (B.R.).
• Company Articles of Association (A&A)
• Rubber stamps (for authorized signature of bank cheque) and one common seal (metal seal).
• Register of Members, Directors and Company Secretary and Minutes Book (green book).
• Share Transfer Documents  (applicable to ready made company).
• One Green Box for storage of above certificates and items

• At least 1 shareholder (no nationality restriction).
• At least 1 "natural person" director (no nationality restriction)
   *shareholders can be the directors and a corporate can be director and shareholder
• At least 1 company secretary (must be Hong Kong citizen or a Hong Kong Limited Company).

• Photocopy of the identity card and passport of any countries.
• Residental Address Proof Document.

• Photocopies of Certiifcate of Incorporation, business registration certificate
• Registered Office Adreess Proof