2.1 Hong Kong Company

2.11 Company limited by shares

Two ways to set up a limited company in Hong Kong:

• Incorporating a new company or;

• Acquiring an existing company (Shelf company)

• Incorporating a new company:

  You can choose a name for the company
  Company Registry usually takes 3-4 working days to process and issue Certificates of Incorporation and Business Registration Certificates. The whole process will be longer than acquiring an existing company.
  

• Acquiring an existing company:

  Choosing an existing company from the list of shelf companies which have not commenced business. The whole process will be shorter than incorporating a new company.
  

Advantages of setting up a limited company:

• Have an independent legal entity. Limited Company can have assets, carry out business and sign contract.

• Management and equity division

• Limited liability and lower business risk.

Requirements of setting up a limited company:

• At least one shareholder and director (18 years old or above, no nationality and residence restrictions), shareholder may concurrently serve as director. A company need to have at least a natural person as director

• At least HK$1 issued share capital (usually the issued share capital of Hong Kong Company is HK$10,000)

• Registered address must be in Hong Kong

• One company secretary (must be Hong Kong Resident)

• Company name cannot be the same or too similar with existing companies' name.

Our services:

• Check the availability of company name (applicable to incorporating a new company)

• Apply Certificates of Incorporation and Business Registration

• Prepare 20 copies of the Articles of Association

• Prepare 1 Statutory record

• Prepare 1 common seal, 1 company signature chop & 1 company round chop

• Prepare 1 share certificates book

• Prepare 1 Green Box

• Appoint Director

• Appoint Company Secretary

• Share allotment

• Update company registered address

• Prepare the drafted minutes of the first Directors' meeting

• Prepare the drafted minutes of the Directors' meeting for opening company bank account

• Provide 1 CPA certified true copy of director appointment document