Many clients plan on incorporating in Hong Kong to take advantage of the city's excellent international reputation, image and proximity to China. The following information will prove useful to international entrepreneurs incorporating in Hong Kong:

Incorporating in Hong Kong is straightforward and Healy Consultants has assisted many clients in starting a company in Hong Kong.

When incorporating in Hong Kong, it is necessary to be aware of the legal corporate and tax and accounting requirements of starting a company in Hong Kong.

Neighbouring China has one of the world's fastest-growing economies, encouraging many international business people to consider starting a company in Hong Kong. Forming a company in Hong Kong is a useful Gateway to China.

At least one director is required when incorporating in Hong Kong. After forming a company in Hong Kong, the directors' details are filed with the Hong Kong public registry. The directors can be any nationality and resident anywhere in the world.

After incorporating a company in Hong Kong, the company does not need to hold board meetings in the city.

When forming a company in Hong Kong, a minimum of one shareholder is required.

When incorporating in Hong Kong, every company is required to appoint a company secretary, who may be a natural person or a corporate body. The company secretary is required to be Hong Kong resident.

When starting a company in Hong Kong, every Hong Kong company is required to have a registered office in the territory. Healy Consultants can provide Hong Kong Virtual Office for clients which includes business address, phone, fax and email support.

When incorporating in company in Hong Kong, the sole director cannot be the company secretary.

The standard authorised share capital when forming a company in Hong Kong is HK$10,000. An increase in the authorised share capital above this amount incurs an increase in annual statutory fees to incorporate a company in Hong Kong. The minimum issued capital when forming a company in Hong Kong is one share of HK$1 each.

When incorporating in Hong Kong a business registration fee, currently US$335 (HK$2,600), is payable to the Hong Kong Companies Registry within one month of incorporating in Hong Kong. This fee is to be paid annually thereafter on the anniversary of incorporating in Hong Kong.

When incorporating a company in Hong Kong, every Hong Kong company is required to have a registered office in the territory.

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