Home About us Services and Practice Areas Jurisdictions Terms and Conditions News Contact us Hong Kong GENERAL INFORMATION Hong Kong is one of two special administrative regions (SARs) of the People’s Republic of China (PRC), the other being Macau. A city-state situated on China’s south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour. With a land mass of 1,104 km2 (426 sq mi) and a population of seven million people, Hong Kong is one of the most densely populated areas in the world. LEGAL SYSTEM Hong Kong’s legal system is completely independent from the legal system of Mainland China. In contrast to mainland China’s civil law system, Hong Kong continues to follow the English Common Law tradition established under British rule ECONOMY As one of the world’s leading international financial centers, Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the currency, Hong Kong dollar, is the ninth most traded currency in the world Hong Kongwas once described by Milton Friedman as the world’s greatest experiment in laissez-faire capitalism. It maintains a highly developed capitalist economy, ranked the freest in the world by the Index of Economic Freedom for 15 consecutive years. It is an important centre for international finance and trade, with one of the greatest concentrations of corporate headquarters in the Asia-Pacific region,[ and is known as one of the Four Asian Tigers for its high growth rates and rapid development from the 1960s to the 1990s. Between 1961 and 1997 Hong Kong’s gross domestic product grew 180 times while per-capita GDP increased 87 times over. For incorporation queries in this jurisdiction, please complete and return to us our Company Formation Questionnaire. For further information on our services provided in this jurisdiction, please Contact Us. JURISDICTION INFORMATION CHART Status Limited Corporate requirements Minimum Share Capital One share Minimum Number of Shareholders One Minimum Number of Directors One Bearer Shares Allowed No Corporate Directors Permitted Yes Company Secretary Required Yes Shelf Companies Available Yes Local requirements Registered Office / Agent Yes Local Directors No Local Secretary Yes Local Meetings No Government Register of Directors Yes Government Register of Shareholders Yes Annual Requirements Annual Return Yes Submit Audited Accounts Yes Taxation No tax on offshore profits Government fees USD300 Exchange controls No Time to incorporate 2-3 weeks Documents necessary for the Incorporation Details of the shareholder, including notarised copy of passport, utility bill and original bank reference letter FEATURED JURISDICTIONS Anguilla BVI Cyprus Delaware Hong Kong Jersey Seychelles UK OUR NEW OFFICES LATEST NEWS Tax Alert The House of Representatives voted on April 18th, 2013 a number of changes in the […] Amendments to Tax Laws On 14 December 2011 the House of Representatives voted a number of amendments to the […] Advance pricing agreements for back to back group financing activities introduced in Cyprus Introduction According to Section 33 of the Cyprus Income Tax laws of 2002 (ITL), the conditions […] Home About us Services and Practice Areas Jurisdictions Terms and Conditions Contact us Copyright © 2006 - 2021 Worldwide Corporate Services. Designed and maintained by mmVirtual.