Hong Kong is on the southeast coast of China and consists of a large number of islands and a part of the mainland totalling approximately 1,064 sq. km. On 1 July 1997 all of Hong Kong reverted from British Control back to China and became a Special Administration Region 'SAR' within the People's Republic of China (PRC).
Key Corporate Features & Requirements
General
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Type of entity: Private Limited
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Type of law: Common
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Shelf Companies available: Yes
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Time to establish a new company: apx. 10 days
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Corporate taxation: 16.5%
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Double taxation treaty access: Yes
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Standard currency: HK$ (Hong Kong Dollars)
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Permitted currencies: Any
Directors or Managers
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Minimum number: One Physical
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Local required: No
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Publicly accessible records: Yes
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Location of meetings: Anywhere
Members
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Minimum number: One
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Publicly accessible records: Yes
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Location of meetings: Anywhere
Company Secretary
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Required: Yes
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Local or qualified: Local
Accounts
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Requirement to prepare: Yes
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Audit requirements: Yes
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Requirement to file accounts: Yes
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Publicly accessible accounts: No
Other
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Requirement to file annual return: Yes
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Change in domicile permitted: No
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