HONG KONG COMPANIES

SCHEDULE OF CHARGES
 

	USD
Provision of shelf company / Incorporation new company	2500 (1 time payment)
Business registration fee payable to HK Government (per annum)	348
Filing of annual return with the Companies Registry (per annum)	20
Stamp duty and postage	6
Nominee director (per annum)	1500
Nominee shareholder (per annum)	1000
Nominee secretary (per annum)	600
Registered office (per annum)	600
Bank account opening	500

 
Other administration, work is charged on a time basis at between USD200 per hour depending on the matter undertaken. Disbursements, including facsimile costs, tolls and couriers are charged in addition to the above stated fees.
 
The above fees and disbursements apply both to companies incorporated according to instruction or to those purchased from D&I's shelf list. Where a company is incorporated to instruction it normally takes 10 days for a certificate of incorporation to be issued and the company will be incorporated as at the date of the certificate. Business can only commence on or after this date. The quicker alternative is to acquire one of D&I's ready-made company kits that are available immediately. If D&I is requested to attend to the setting-up it will take approximately two days to complete the formalities.

By statute Hong Kong companies must have a minimum of one director and one shareholder. There is no statutory requirement that the shareholders or directors be residents of Hong Kong. They can be individual persons or corporations. A company must have a registered office in Hong Kong and a Hong Kong resident individual or Hong Kong corporation to act as the secretary. We can provide a registered office address and secretary to comply with these statutory requirements.

Where D&I provides the secretary the above fee includes preparing and filing a standard annual return and annual general meeting minutes.

Under the Hong Kong Companies Ordinance every limited company incorporated in Hong Kong is required to keep proper books of accounts which give a 'true and fair view' of the company's financial position. Section 122 of the Ordinance provides that accounts audited by a Hong Kong auditor must be presented to the members of the company at an annual general meeting. Moreover, each year the audited accounts must be filed together with the Company's Profits Tax Return with the Inland Revenue Department. D&I is able to provide contact details for Hong Kong auditors if required.