Compliance Requirements

Authorised and issued share capital: Standard authorised share capital is  HK$ 1,000. Minimum issued capital is two shares of par value.

Classes of shares available: Ordinary shares, preference shares, redeemable shares and shares with or without voting rights. Bearer shares are not permitted. Other permitted shares are deferred, founders and management shares.

Shareholders: Minimum two shareholders are required, their details should be on the public register. Corporate shareholders are permitted and anonymity can be achieved by the use of nominee shareholders. There are no limitations as to the nationality or residence of shareholders. Meetings of shareholders can take place anywhere in the world.

Directors: Minimum two directors are required, their details should be on the public register. There are no limitations as to the nationality or residence of directors. Corporate directors are permitted. Board meetings are not required to be held in Hong Kong.

Financial Statements: Accounting records must be kept by the registered office address or elsewhere at the discretion of the directors. Each company must appoint an auditor who must be a member of the Hong Kong Society of Accountants and have a practicing certificate. Although there is no requirement to file accounts with the Registrar, there is a requirement to file accounts with the tax authorities.

Licence Fees: Business Registration Fee, which currently makes HK$ 2,600 and  is due and payable within one month of the date of incorporation and then annually on the anniversary of the first payment.