BENEFITS OF REGISTRATION :
- It’s not an offshore jurisdiction
- Recognized business centre in Asia.
- It is not in the black list of any country or organization.
- Special tax free treatment.
Applicable Law
- Companies Ordinance, 1933
- Inland Revenue Ordinance 1947
- Business Registration Ordinance 1959
- Stamp Duty Ordinance 1981
Type of the registered company
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Private Company Limited by Shares
Restrictions on company names
- Company’s name is written in any language using Latin letters or Chinese characters.
- It cannot be similar with already registered names. The name should end in Limited or its abbreviation LTD.
- Special permission is needed to use ‘British’, ‘Building Society’, ‘Chamber of Commerce’, ‘Chartered’, ‘Co-operative’, ‘Imperial’, ‘Kaifong’, ‘Mass Transit’, ‘Municipal’, ‘Royal’, ‘Savings’, ‘Tourist Assosiation’, ‘Bank’, ‘Insurance’, ‘Assurance’, ‘Re-Insurance’, ‘Fund Management’, ‘Asset Management Investment Fund’.
Requirements for companies
- Articles and Memorandum of Association are required.
- A minimum share capital is 1 $HK. There is no requirement for full payment.
- Shares. With par value and preference shares, registered shares, voting and not voting shares are permitted. Bearer shares are prohibited.
- Shareholder is an individual or legal person of any state. There must be at least one shareholder.
- Director is an individual or legal person of any state. There must be at least one director.
- Registered legal address is required to be on the territory of Hong Kong.
- Resident agent is not required.
- Secretary is required.
- Disclosure of information about directors, secretary, shareholders is accessible to public. However the use of nominal service may disguise the real owner.
- Financial reporting is required.
- Audit is required.
- Double taxation treaty signed with Belgium, Chine, Luxembourg, Thailand.
- Shelf companies are available.
- Nominal service is available.
Taxation.
Profit gained out of the territory of Hong Kong is not taxable. There is no tax on dividends and interests. In the case of gaining profit on the territory of Hong Kong, the tax rate is 16,5% Annual meetings of shareholders or directors are required and may be carried out in any country.
Documents required for registration
- Three names of the company
- Information about beneficiary: Copy of his/her travelling passport, copy of his/her Ukrainian passport with registration and its transliteration, phone number, fax, e-mail.
- Copy of director’s travelling passport or documents of association (if the director is not nominal)
- Copy of shareholder’s travelling passport or documents of association (if the shareholder is not nominal)
- Information about account manager (in the case of establishing an account in HSBC)
- Information about company’s activity (for Business Registration – an annual license)
In price for company included:
- Incorporation Fees
- Certificate of registration
- Memorandum and Articles of Association
- Share certificate
- Minutes of first meeting of Directors
- Register of Members
- Register of directors
- Resolution of director in writing
- Letter of resignation
- Share certificate
- Declaration of Trust
- Agreement for the provision of nominee services
- Apostle for all documents
- Delivery of documents to Ukraine
- Stamp
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