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HK Yitongbao Secretaries Limited

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What is required for company registration...?

Company registration fees

Register with the Companies Registry, $1,720 registration fee required

Business registration fee

Registering a business registration certificate with the tax bureau requires a registration fee of $2,150

Supplies and documents after company registration

Q&A

A shareholder and director who are 18 years of age or older, a Chinese resident or overseas person holding a passport or identity card can set up a Hong Kong limited company. And provide a Hong Kong address as the registered address, and appoint a Hong Kong resident or a professional company as the company's legal secretary.

In addition, the following documents are required:

  • - Copies of ID cards or passports of shareholders and directors
  • -Company name (Chinese or English)
  • - A copy of the company's legal secretary's ID card. If the secretary is a company, a copy of the registration certificate and business registration certificate
  • - Document proving the company's registered address

It usually takes 5-7 working days to register a new Hong Kong limited company. Express issuance only takes 1 working day but requires an additional fee. Purchasing a registered Hong Kong limited company takes 2-3 working days.

Shareholders can understand the company's operating and financial conditions, obtain dividends, have priority in purchasing shares transferred by other shareholders, or subscribe to newly issued shares of the company; participate in shareholders' meetings regularly, enjoy voting rights according to their shareholding ratio, can elect and be elected as members of the board of directors, participate in the review and approval of the annual audit report, and have the right to appoint or dismiss directors and decide on the remuneration of relevant directors. Even after the company is eventually liquidated, shareholders will receive the remaining property according to law.

Directors are primarily responsible for the day-to-day operations and decision-making of the company, keeping accounting books and business records, and managing bank accounts. The directors borrow loans on behalf of the company and use the company's property as collateral, formulate profit distribution and increase registered capital plans, and hold shareholders' meetings and shareholder meeting resolutions regularly.

There must be at least one shareholder and one director, and the two can be held by the same person. No matter whether one is a Chinese resident or an overseas person, as long as he holds a Hong Kong Special Administrative Region passport or identity card, he can become a shareholder or director.

There are no restrictions on naming a company registered in Hong Kong. In addition to adding the country domain name in front of the name, words such as international, center, holding, investment, real estate, association, and research institute are also acceptable.

In addition, the company's registered name can be registered in either Chinese or English. If the company needs to open a bank account, it needs to register an English name.

As mentioned above, there is no restriction on company names. Regardless of the company name, any type of business can be conducted under the premise of legality.

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