The brand new Companies Ordinance simplifies the manner of execution of paperwork by companies. The holding and utilization of typical seal has become optional.
Remember to note this list is just not exhaustive, and additional paperwork may be asked for via the lender in the course of their compliance check. All paperwork provided need to be in English or Chinese for Hong Kong banking institutions.
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Full Control: You manage full autonomy around the registration system, making certain all details align with all your Tastes.
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Choose a Registered Address: Select a physical address in Hong Kong to function the company's registered handle, which is able to be utilized for Formal correspondence and legal matters.
Having said that, the regulation stipulates that their first tax return ought to be filed inside 18 months from the date of incorporation for freshly registered sole proprietorships.
Should the founder member who symptoms the incorporation kind can also be a director, he/she should indicator the "Consent to Act as Director" in the shape. Other directors can possibly indicator the Consent statement in the shape or deliver Variety NNC3 "Consent to Act as First Director" not later on than 15 times after the day of incorporation in the company (“the prescribed time frame”) for registration.
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Shareholders might be Hong Kong citizens or non-residents. Nominee shareholders are authorized, and it’s probable for the only director to also act as a shareholder.
Foreigners only want to possess a virtual company formation agents address. There is not any need to hire a physical Business in Hong Kong.
If in some unspecified time in the future, you modify a few of the particulars of your respective sole proprietorship, you will also will need to notify the Inland Profits Department of those modifications within just 1 thirty day period in the time the variations had been built.
The new Corporations Ordinance simplifies the mode of execution of files by organizations. The keeping and utilization of typical seal has become optional.
In addition, there should be at the very least just one director that is a organic person, Despite the fact that they do not need to be a resident. It's important to notice that if there is just one director, they cannot also serve as the company secretary.