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Set up Private LLC in Hong Kong

Updated on Thursday 19th May 2016

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The characteristics of a limited liability company in Hong Kong

Investors who set up a private limited liability company in Hong Kong (LLC) typically run small and medium sized businesses. One important characteristic for this type of company is that it has a separate legal entity and its shareholders have limited liability: they are only liable for the debts of the company according to the amount of investment in the company’s share capital.
 
The LLC must have at least one shareholder, a company director and a secretary. The maximum number of shareholders for this type of company is 50 and there are no requirements regarding their residency. The company director can also be a shareholder. The shares are transferable only according to the specifications contained in the company’s Articles of Association. The shares cannot be traded publicly. 
 
Another advantage of the limited liability company in Hong Kong is that there is no mandatory minimum share capital. Moreover, the existing capital is easy to raise. The company does not depend on changes in shareholders and continues its activities after the resignation, insolvency or death of a shareholder or director.
 
Our Hong Kong company formation representatives invite you to watch a short video about the LLC in Hong Kong:
 

Registration of private limited liability companies in Hong Kong

 
In order to register a private limited liability company in Hong Kong the investor must follow a few basic steps. The following documents need to be prepared and submitted:
- the Articles of Association;
- a completed incorporation form;
- a notice to the Business Registration Office.
- details about the share capital as well as about the shareholders;
- official English translations, when needed.
 
The business owner must choose a suitable company name that will not infringe any intellectual property rights. The applications for company incorporation are submitted to the Companies Registry in Hong Kong. Depending on the business field in which they operate, LLCs may need to obtain special permits and licenses. These documents can be obtained from the Trade and Industry Department of Information.
 
The investor must open a bank account for the company incorporated in Hong Kong. The Certificate of Incorporation and the Business Registration Certificate can be issued either in electronic form (for online applications) or in hard copy. They both have the same legal capacity. Some businesses will also have to register with the Inland Revenue Department. 
 

Additional information about a LLC in Hong Kong

 
Private limited liability companies in Hong Kong need to observe the annual reporting and filing requirements. The legal entity must also make certain information available to the public at all times. The accounts must be audited on an annual basis.
 
Limited liability companies in Hong Kong are subject to a corporate tax. Our company formation consultants in Hong Kong can give you detailed information about the tax obligations for companies.
 
Our agents can assist you throughout the business registration procedure and offer you professional consultancy after the company is incorporated.
 
Pleae contact our company formation specialists in Hong Kong for more intormation related to the incorporation of a limited liability company in this country.

 

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  • Trevor 2017-02-17

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