What is Hong Kong Company Registration? Hong Kong Company Registration Review

1. Introduction to Hong Kong

Hong Kong is a free port. Except for tobacco, spirits and fuel (gasoline, diesel, etc.), Hong Kong does not impose tariffs on other imported items. Hong Kong's economy is known for free trade, low tax rates and little government intervention. The financial industry, real estate industry, and tourism industry are the four pillar industries of Hong Kong's economic development. The top ten Hong Kong products are clothing, electronic products, textiles, watches, printed materials, plastic products, metal products, food and beverages, industrial machinery and jewelry. Hong Kong has been selected as the world's freest economic system by internationally renowned rating agencies and organizations for many consecutive years. Hong Kong is a financial center, international shipping center, and regional trade center in the Asia-Pacific region and even the world. It has an irreplaceable superior position near many countries and regions.

2. Advantages of Hong Kong Company Registration

1. Hong Kong companies have no industry restrictions. They can operate any legal business without having to apply for a separate license. 2. Hong Kong is the freest trade port in the world, with free logistics in and out: no tariffs are levied on general goods in and out; Hong Kong funds can flow in and out freely, and various foreign currencies can be exchanged and transferred at any time. 3. Hong Kong company tax policies and tax rates: Hong Kong has few tax types and low tax rates. Hong Kong companies mainly have only one tax: profit tax, with a tax rate of 16.5%; special consumer goods (such as tobacco and alcohol) are subject to import and export tariffs. 4. Take advantage of Hong Kong's popularity, create a Hong Kong brand, and enhance the company's international image. 5. Allow shell companies to exist and allow offshore business operations.

3. Hong Kong Company Registration Conditions

1. Company Name The general provisions of the Hong Kong Companies Ordinance on company names are as follows: (a) A company may register using an English name, a Chinese name, or an English name and a Chinese name at the same time, but may not use a name that is a combination of English and Chinese. (b) The company's English name must end with "Limited" and its Chinese name must end with "有限公司".

If a company name contains any of the following words or phrases, the Chief Executive’s consent must be obtained before use: (01) Building society (02) Chamber of commerce (03) Cooperative (04) Kaifong (05) Mass transit (06) Underground railway (07) Municipal (08) Tourist association (09) Trustee (10) Savings (11) Municipal (12) Mass railway (13) Subway (14) Cooperative (15) Trustee (16) Building society (17) Trustee (18) Chamber of commerce (19) Trust (20) Tourism association (21) Neighborhood (22) Chamber of Commerce (23) Savings

2. Company shareholder (at least one)

3. Company Director (at least one) Shareholders and directors can be the same entity, which can be a natural person or a limited company. Natural persons can be of any nationality, but must be at least 18 years old (except for bankrupts who have not been discharged from bankruptcy or mentally ill persons). Limited companies can be registered in any place.

4. Legal Secretary (Must be a Hong Kong company or Hong Kong person)

5. The business registration address (must be a Hong Kong address) is used to receive government official letters and notices. The company does not need to rent or purchase special properties, but a post office box cannot be used as the business registration address.

6. Registered capital (Hong Kong Company Law stipulates that the standard registered capital is HK$10,000)

IV. Information that customers need to provide

1. Company name; 2. Registered capital (Hong Kong Company Law stipulates that the standard registered capital is HK$10,000) 3. Copies of the identification documents of shareholders and directors; 4. The shareholding ratio of each shareholder; 5. The permanent address and contact information of shareholders and directors;

5. Full set of legal information for Hong Kong company registration

According to Chapter 32 of the Hong Kong Companies Statutory Ordinance, the full set of statutory information after the company is established is as follows: 1. Company Registration Certificate 2. Business Registration Certificate (valid for one year from the date of establishment of the company, renewed annually) 3. "Organization Outline and Articles of Association" (usually 18 volumes) 4. Company seal and signature seal (1 each, used to sign checks or other documents) 5. Company seal (1) 6. Stock certificate book 7. Company statutory document book (statutory book), including: (a) meeting minutes book (b) shareholder register (register of members) (c) share transfer register (register of transfer) (d) director register (register of directors) (e) company secretary register (register of secretaries) (f) mortgage register (register of charges) 8. The above documents are accompanied by a "precious hard box", commonly known as the "green box"

6. Hong Kong company registration reference materials

1. You can apply for a branch under a Hong Kong limited company, and the branch name does not need to end with "有限公司" or "Limited". You must apply for a branch registration certificate from the tax bureau (there is no registration certificate, and this branch registration certificate cannot replace the company's business registration certificate)

2. The registration of a company name does not mean that the name is protected, nor does it mean that the name will not be opposed by others. If a claim of infringement of intellectual property rights is subsequently made, the company cannot use the fact that the name has been registered with the Companies Registry as a defense.

3. If the name is considered to be "too similar" to another name in the company name index kept by the Director, the Director will issue a change of name instruction to the company. If the instruction is not complied with, the company and/or its senior officers may be prosecuted. The current maximum penalty is a fine of $100,000 and imprisonment for 6 months. If the default continues, a default fine of $700 calculated on a daily basis may be imposed.

4. In some cases, other laws have already regulated the use of certain words and phrases in company names. Improper use of such words and phrases may constitute a formal offence. Examples are as follows:

(1) Under the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), it is an offence to use the word "Bank" in a company name without the consent of the Hong Kong Monetary Authority.

(2) Pursuant to the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), except for a company defined as an “Exchange Company” under the Securities and Futures Ordinance, no person may use “Stock Exchange” or “Unified Exchange” or any other variation thereof in the name of his company. Violation of this provision will constitute a criminal offence.

(3) Except for a corporate practice as defined in the Professional Accountants Ordinance (Chapter 50 of the Laws of Hong Kong), it is also unlawful for a company to use the title “certified public accountant” or “public accountant”, or the English abbreviations “CPA” or “PA”, or the words “Practising Accountant”, “Auditor” or “Auditor” in its company name.