Hong Kong’s prime geographical location in Asia has made Hong Kong a major economic hub and an important trade bridge between China, Southeast Asian countries and the rest of the world. Hong Kong is not only a large consumer market but also a solid platform for businesses to access China’s huge market. With its adjacent location and favorable policies, businesses can easily participate in the global supply chain, taking advantage of China’s abundant production resources and modern infrastructure. With widely signed free trade agreements (FTAs), businesses established in Hong Kong will enjoy many preferential tariffs, customs procedures and other trade regulations, helping to minimize costs and barriers in business operations. In addition, Hong Kong is also an important gateway for businesses to expand their business into Southeast Asian countries. With rapid economic growth and a growing middle class, Southeast Asian countries such as Vietnam, Indonesia, Thailand… are becoming potential markets. Setting up a headquarters in Hong Kong will help businesses shorten the geographical, cultural and language gaps, thereby making it more convenient to penetrate and exploit these markets. Viet An Law would like to introduce to customers the following package of company establishment services in Hong Kong.
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The requirement to have a company secretary in Hong Kong is a mandatory requirement for businesses incorporated and operating here. The appointment of a company secretary plays an important role in ensuring compliance with legal regulations and maintaining the effective operation of the business.
Why is a company secretary needed in Hong Kong?
Requirements for the Company Secretary
The legal representative of the company, also known as the appointed representative, is an individual authorized to exercise the rights and obligations of the company under the law. This person plays an important role in representing the company in transactions, signing contracts, resolving disputes, and performing other legal obligations.
Role of legal representative:
Requirements for legal representatives:
The business registration fee and tax fees are HK$2,200 ($281) for a one-year certificate and HK$5,870 ($751.6) for a three-year certificate, between 2024 and March 31, 2025
A corporation is an independent legal entity, meaning it is a separate legal person from its owners. The benefit of limited liability through operating as a limited liability company also brings the obligation to comply with various provisions in the Companies Law (Cap. 622). These obligations include the timely disclosure and reporting of specific information about the company, its officers and shareholders, etc., and any changes in such data to the Business Registry so that the public can easily access the latest information of the company held by the Business Registry.
The annual compliance requirements of a Hong Kong company include:
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