Private Limited Company (Ltd)
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| General | ||
| Type of Company | Private Limited | |
| Average timeframe to set up a new company | 8 working days | |
| Average timeframe to activate shelf company | 1 day | |
| Migration of domicile possible? | No | |
| Corporate Requirements | ||
| Standard authorised share capital | HK$1 | |
| Minimum paid up capital | HK$1 | |
| Bearer shares allowed? | No | |
| Minimum number of shareholders/members | One | |
| Minimum number of directors | One | |
| Corporate directors permitted? | Yes | |
| Local directors required? | No | |
| Local meeting required? | No | |
| Company secretary required? | Yes | |
| Taxation | ||
| Corporate tax rate | 17.5% | |
| Ordinary tax base | Hong Kong source income only | |
| Withholding tax on dividends - tax rate | None | |
| Withholding tax on interest - tax rate | None | |
| Withholding tax on royalties - tax rate | 5.25% (when paid to non-resident recipients only) | |
| Double taxation treaties | China - On Corporate and Personal Income tax | |
| Value Added Tax rate | None | |
| Disclosure and Reporting Requirements | ||
| Disclosure of beneficial owner | Yes | |
| Government register of directors | Yes | |
| Government register of shareholders/members | Yes | |
| Annual return | Yes | |
| Submission of accounts | Yes | |
| Audit required? | Yes | |
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Total cost to Henley Clients | ||
| Hong Kong companies | |||
| Incorporation of Hong Kong company including first year tax/government and agent fees | 1,900 | ||
| Annual statutory maintenance: registered agent/secretary fee, filing fees, etc. | 1,500 | ||
| Hong Kong resident nominee directors and shareholders | |||
| Provision of corporate nominee director, minimum fee per year | 750 | ||
| Provision of individual nominee director, minimum fee per year | |||
| Provision of corporate nominee shareholder, minimum fee per year | 300 | ||
| Time based fees | |||
| Normal hourly charge for a director | 625 | ||
| Normal hourly charge for administration | 250 | ||
Note: all fees are quoted in US Dollars (US$). Currency Converter