Hong Kong
Location Hong Kong.
Time Zone Greenwich Mean Time +8.
Population 7.15 million
Capital Hong Kong.
Airport Chek Lap Kok.
Language Cantonese/English.
Currency HK$.
Dialing Code +852.
Centre's Expertise All areas.
Political System Elected legislature.
Legal System Common law.
Personal Income Tax 15% (max).
Corporate Income Tax 16.5%.
Exchange Restrictions None.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies All.
Minimum Authorised Capital No restriction.
Minimum Share Issues No restriction.
Shelf Companies Yes.
Incorporation Time Scale Approximately four working days (for paper submission) or one hour (for e-submission).
Incorporation Fees US$220.
Annual Fees Please refer to: www.ird.gov.hk/eng/pdf/br_fee_n_levy_table.pdf. There are also nominal fees for filing returns.
Minimum Number One.
Residency Requirements None.
Corporate Directors Yes, for private companies which are not members of a group of companies of which a Hong Kong listed company is a members.
Meetings/Frequency None.
Disclosure Yes
Bearer Shares No.
Minimum Number One.
Public Share Registry Yes for listed companies.
Meetings Frequency Annual general meeting required.
Annual Return Yes.
Audit Requirements Yes.
Registered Office In Hong Kong.
Domicile Issues None.
Company Naming Restrictions Please refer to http://www.cr.gov.hk/en/publications/docs/name-e.pdf.
Hong Kong: A Leading Financial Centre
  Hong Kong maintains its place as a leading financial centre and continues to adapt to market conditions with new regulatory and legislative developments. (01/10/2016)
Hong Kong: Regulatory Developments Picking Up Pace
  Gavin Cummings considers recent regulatory developments in Hong Kong and how they are strengthening Hong Kong's regulatory framework. (16/06/2015)
Asia: Tax & Trust Developments Taking Center Stage
  Michael Olesnicky considers the effect recent developments such as the exchange of information and AML regulation have taken on Asian IFCs over the past 12 months. (02/06/2015)
Hong Kong: A Stepping Stone into Asia
  With Asia one of the leading destinations for the world's capital, John Melia examines the use of Hong Kong for facilitating investments. (01/04/2015)
Succession and an Alternative to the Trust
  With many clients unfamiliar with the concept of a trust structure, Michael Gagie examines the wide range of alternatives available for Asian clients. (01/04/2015)
Asia – A Maturing Market Place
  Odd Haavik considers whether there is still aflow of wealth to the East and examines how the move towards automatic exchange of information has impacted the region. (01/04/2015)
Asian IFCs: More Than a Tax Play
  In an exclusive article from the latest edition of the IFC Economic Report, Stephen Banfield states that there is much more to Asian IFCs than simple tax efficient structures. (01/03/2015)
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  Hong Kong Tax Treaties
  Hong Kong currently has 29 DTCs in place. - read more...
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