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Shareholders of the Hong Kong company aren't necessary to be citizens, along with the director also can hold the place of sole shareholder.

By comprehending these specifications, you'll be able to make certain a easy and effective company registration method.

2. Request a meeting? In some cases concern 1 gained’t get you the real response. It is straightforward for scammers to produce a branch without the need of operation. As a result, you must ask for a gathering and Test their reactions. Intermediary and scammers will generally refuse to satisfy.

To enhance company transparency, corporations need to also keep an up-to-date Major Controllers Register, which really should be easily accessible for regulation enforcement inspections to make clear beneficial ownership.

Tip: Read this guideline to grasp more about what company secretaries do and why They are really so important within a company.

Endless Legal responsibility: Companions share joint liability for almost any debts and steps taken because of the partnership.

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Time Commitment: The registration approach can be intricate and time-consuming, especially for All those unfamiliar with legal and regulatory demands in Hong Kong.

An additional levy towards the Protection of Wages on Insolvency Fund, a sum achieving possibly HK£one hundred fifty or HK$450, based on how a few years the certification is to remain valid, one or a few decades.

 In case the presentor sends a agent to collect the Certificates, the agent has to supply a published authorisation with the presentor along with the identification doc stated inside the composed authorisation.

Educational Chance: Executing the registration you gives important insights in the authorized and administrative elements of small business development.

Hong Kong boasts many of the lowest tax premiums on the planet, with corporate tax established to reach a mere 16.5% by the top of company formation made simple 2024.¹ Tax rates are variable, and you may generally check what the rate is in a specified time with a simple Google lookup.