Hong Kong Offshore Company Formation

Country: Hong Kong

Language:

English, Mandarin and Cantonese were the official languages until 1997 with English being used for all legal and governmental work. Cantonese was and remains the common spoken language. Mandarin became the official language of government in July 1997 and is increasingly spoken.

Population: 6,921,700 (2007 official estimate)

The monetary unit of Hong Kong S.A.R. is the Hong Kong dollar (HK$) approx. HK$15.21/£1

Location:

Located in eastern Asia on the South China Sea bordered by China to the north. Total land area of approximately 415 sq. miles made up of Hong Kong Island with an area of about 29 sq. miles, Kowloon Peninsula and Stonecutters Island (6 sq. miles) and the New Territories, made up principally of a large area on the mainland and Lantau Island.

Status:

Now a Special Administrative Region of China it was a dependency of the UK following the Treaty of Nanking (1842) until July 1997 when it became a Special Administrative Region of China.

Details of Limited Company:

• Minimum of two shareholders.
• Minimum of two directors.
• Directors and Beneficial Owners can be corporate or individual and need not be local residents.
• Meetings of directors or shareholders may be held in any country.
• Disclosure of directors or shareholders.
• No requirement for audit or to file accounts and annual returns where the Company is not trading.
• Annual Business Registration fee of HK$600 if authorised capital <=HK$10,000.

Banks:

There are numerous banks, the Bank of China, Hong Kong & Shanghai Bank, Standard and Chartered Bank, HSBC, Bank of East Asia and others. Please be aware that HK Banks are pedantic in applying 'identification' and 'know your client' rules and if banking is required in Hong Kong, significant additional costs may be incurred.

Costs

Incorporation	£750 one off	essential
Corporate Structuring	£200 one off
Government Fee	US$900 annual
Corporate Domicile	US$350 annual
Director & Nominee Service	from £400 annual	optional
Corporate Bank Account within EU (Cyprus)	£nil

Additional costs will be incurred if banking is required in Hong Kong - see notes above.

All prices quoted are exclusive of VAT.

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Order a Hong Kong Offshore Company.