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Hong Kong Private Limited Company Registration

Updated:2018-11-13 11:41:35    Source:www.tannet-group.comViews:151

Hong Kong Private Limited Company is the dominate type of business entity in Hong Kong, which counts for 99% of all company incorporated in the region. In Hong Kong, Private Limited  Company is straight-forward to register, as it is not restricted to do local and overseas business. The required information you need for company setup is relatively simple. Tannet can take care of the whole process. We can also help you open a bank account in Hong Kong.

Conditions on Eligibility
If you are above 18 years old with valid passport (for non-Hong Kong resident) or Hong Kong ID card (for Hong Kong resident) regardless of your nationality, you can begin the incorporation process.

General Requirements on Company Formation
1. Company Name
(1) A Hong Kong company may either have a English Name, a Traditional Chinese Name, or both. Combining English and Chinese Characters is not allowed.
(2) The word “Limited” and the characters “有限公司” must be the last word in the English and Chinese (if have) Company Name of a Limited company.

2. Directors
A minimum of one director is required. The director could be a nature person (individual) or a company (body corporate). The individual director can be of any nationality and need not be resident in Hong Kong, while corporate director can be incorporated in any place. Directors must be at least 18 years of age and must not be a bankrupt or convicted for any malpractices.

3. Shareholder
The Company must have at least one but limited to 50 at maximum shareholders (members) at anytime. Neither residency and nationality requirement for shareholders are imposed. Meanwhile, a director and shareholder can be the same or different person.

4. Company Secretary
Each company must appoint at least a company secretary. The secretary, if an individual, must ordinarily reside in Hong Kong; or if a body corporate, must have its registered office address (a place of business) in Hong Kong.

5. Share Capital
The minimum issued share capital is usually 1 share of HK$ 1.00.

6. Registered Office Address
A local Hong Kong address as the registered address of the company must be provided to Company Registries. This address must be a physical address, and must not be a PO Box because the government letters will be sent to there for communication with the company.

Significant Controllers Register
All Hong Kong limited company must prepare and keep up-to-date beneficial ownership information of the company, the company is responsible to identify all the persons holding at least 25% controlling power of the company.

Contact information of these persons are recorded on a hard copy of electronic form named Significant Controllers Register. The Register should be stored in Hong Kong and open for inspection by law enforcement officers upon demand. The company should also appoint at least one person as its Designated Representative for assistance to law enforcement officers. Failure in doing as required will be punished with severe fines and even be jailing for a certain years.

Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or 86-755-82143181 or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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