Introduction
Hong Kong is situated on the south east coast of China. It has a total land area of approximately 1,000 square kilometers. That land area comprises a number of islands; including Hong Kong islands itself, and a portion of Mainland China. Hong Kong has a population of approximately six million. Local time is eight hours ahead of Greenwich Mean Time.
Hong Kong Island and the Kowloon peninsula were ceded to the British Government in perpetuity in 1842 and 1860 respectively. The remaining land was leased from China in 1898. That lease expired in mid 1997 and the ceded territory returned to China. China has resumed sovereignty special arrangements made in respect of the Hong Kong Special Administrative Region and promulgated by the Chinese Government providing that the existing system will continue for fifty years after the return of the territory to China.
The law of Hong Kong is based on English Common Law. The Hong Kong Court of Appeal is the highest court in the territory, but appeals may be made from its decisions to the Privy Council in London.
The financial industry
From early in its history, the excellent harbor and geographical location of Hong Kong made it a focal point for international trade. Today it has a developed financial and trade infrastructure with a sophisticated banking and financial services industry. This infrastructure, a low tax rate, no exchange control and a continued commitment to minimum government regulation are the ingredients which have made Hong Kong the financial center of the Pacific and Far East.
Hong Kong Companies
Secretary
There must be a secretary resident in Hong Kong. The secretary may be an individual or a corporation but not a sole director.
Registered Office
Every company must have a registered office in Hong Kong.
The above is only intended as a general outline of some of the significant features of the laws relating to Hong Kong companies. Should you require any further information, please contact ATA-CFM.
Registration of foreign companies
Companies incorporated outside Hong Kong and wishing to establish a place of business or branch in Hong Kong may do so by registering as an "Oversea Company" under Part XI of the Companies Ordinance and obtaining a business registration certificate.
General tax information
There are several distinctive features of the Hongkong tax system. The tax for registered capital is 0.1% .You can increase the volume of the volume of the capital freely if you pay the tax. Income taxes (salaries tax, profits tax and property tax) are charged on income, which has a Hongkong source (territorial source concept). Estate duty is charged on the principal value of property located in Hong passing on the death of the deceased. Stamp duty is charged on instruments, which relate to Hong Kong assets. There is no capital gains tax and dividend income tax. The standard tax rate of 15% and corporation profits tax rate of 16% are relatively low compared with other developed countries. In Hongkong, any enterprises are required to report annually to the Inland Department.
Requirements
If we want to incorporate a limited company in Hongkong, we are required to offer:
1.Passports of one or more shareholders at age of 18 or above;
2.Registered capital: HKD10000; Paid-up capital not required.
3.A registered address, which is usually provided by us
4.A company secretary, which is usually acted by us, who can deal with the government documents on behalf of you...
Service and price
At ATA-CFM, we are able to prepare all the application forms and relevant documents and deal with all the procedures for you, and you get the following service at a fixed price of HKD7800.
1.Certificate of incorporation;
2.Business registration certificate;
3. 16 copies of memorandum and articles of association of the company;
4.Share certificates;
5. Statutory book;
6. Three pieces of chops;
7.A book of receipt;
8.Professional service
How to begin
You can begin your application by simply downloading and filling in the application form, and send it to us by fax at 852-27837918 or 86-755-82143182 or by email at atahk@21cn.net. When we receive your request, we’ll send you a confirmation letter for your final decision. At this time you may pay 50% deposit, so as that we can begin processing of your application.
