Hong Kong Limited Company

Advantages

A limited company is a separate legal entity from its owners; the company can exist beyond the life of its owners. If an owner decides to retire or decided to retire it does not impair the possibility for the company to continue to operate. Therefore, limited companies have a unique advantage, in that they can ensure the security for both employees and other members of the company.

For private limited companies the directors are in most cases the main shareholders of the company - ownership and control is in their hands. This allows for decisions to be made with both ease and speed, since the power rests with those who value the company the most.

The shareholders of a limited company can enjoy financial security, as they will only be liable for debt that the company accrues according to the level of the investment which they choose. The shareholders will not be responsible for any debt above the level of their own investment.

Profits that are made internationally will not be taxed if they are booked and structured in a non-resident Hong Kong company.

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Disadvantages

A private limited company is usually thought of as more complex and expensive to establish compared to sole proprietorships and partnerships.

A number of statutory compliance requirements exist to which private limited companies must adhere.

Limited companies have to make certain information available, including capital structure and personal particulars regarding shareholders, directors and secretaries. This particular information needs to be available for the public through filing returns with the Companies Registry.

Choosing to close a limited company is more complex and expensive compared to other business entities.

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Requirements

Company Name:

Together with the Soulfato Corporation, you will select a unique company name of your choice. This company name will be officially approved by the Hong Kong Companies Registry to ensure no repetition, guaranteeing your choice of company name is exclusive to you.

Directors:

There must be at least one director for a Hong Kong limited company, which can either be an individual of any nationality, or a company. There is no limit to the number of directors allowed, and Hong Kong residency is not required. The directors do not need to be shareholders and the appointment of nominee directors is allowed.

Shareholders:

It is required that there is at least one shareholder, who can be an individual of any nationality or a company. Shareholders could also be directors and it is possible for nominee shareholders to be appointed to protect anonymity. There is no residency requirement.

Company Secretary:

The company secretary must reside in Hong Kong if they are a single individual, or have a registered office in Hong Kong if they are a corporate body. A sole director or shareholder cannot act as a company secretary, although a nominee secretary can be selected.

Registered Address:

All Hong Kong companies need to have an office which is registered in Hong Kong. The registered address needs to be a physical address, as opposed to a PO Box.

Minimum Capital Requirements:

It is not necessary to have a minimum capital requirement, and there is also no limit to the quantity of share capital.

Annual Reports:

Audit accounts and financial statements need to be prepared yearly, as well as an annual return detailing information about the current directors and shareholders.

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Basic Package

Certificate of incorporation

Articles of Association (10 copies)

Common Seal

Statutory book

Authorised Signatory Stamp

Round Chop

Services Included

Conducting company name search

Acting as company secretary (for 1 year)

Provision of registered office address (for 1 year)

Government fees (for 1 year)

Includes business registration certificate.

Reviewing client documentation and application materials

Preparing incorporation documents

Monitoring the entire incorporation process and keeping clients updated

Additional services

Assistance on Bank account opening CN¥ 2300

We will book an appoitment for the bank account opening with the best bank institutions in Hong Kong. We will also deliver and prepare all necessary company documents for the process.

Annual Return CN¥ 3800

Only available after 1 tax year. Includes: Renewal of office address; Renewal of Company Secretary; Govenment fees; Preparing and filing annual returns

SCR for HK Company CN¥ 1380

Nominee Director (for one year) CN¥ 6580

Nominee Shareholder (for one year)CN¥2015

order summary

Total CostCN¥0

Yearly CostCN¥0

(You will only be charged after one year. You can cancel at any time.)

Monthly CostCN¥0

(You will be charged every month. You can cancel at any time.)

Hong Kong Limited Company

Advantages

Disadvantages

Requirements

Basic Package

Services Included

Additional services

order summary

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