HK Company Formation Service Ready-made‧Tailor made Service Content Service Fee (Ready-made or Tailor-made) Total Formation Fee $1,380 $4,000 Company Incorporation Fee (Govt. Fee) $1,720 Business Licence Fee* (Govt. Fee) $250 M&A Printing, 1 Common Seal & 2 Perma Stamps $650 Remarks : Fee for registering unlimited company is HK$500.00 (excluding BR fee) The fee stated above is effective on or after 1 April 2016, updated fee schedule will be announced in the event of an adjustment made by the Government. FORMATION FEE $4,000 1 day for Ready-Made / 8 days for Tailor-Made Including Government Fee: Company Incorporation fee $1,720, Business Licence Fee* $250 & Printing seal, Stamp & Company Kit $650 FORMATION REQUIREMENTS 1 Director 1 Shareholder (no nationality restriction; Shareholder can be the director) 1 Company Secretary (must provide the residential address of an individual secretary in Hong Kong or be Hong Kong Corporation) Minimum capital: 1.00 ADVANTAGES Limited company is a separate legal entity with limited liability. The risks of running a business could not affect the private property and wealth of the shareholder. The legal document of a limited company protects the rights of the shareholder (investor), which means easier capitalization. The continuance of running a limited company is guaranteed. The personal liability of the shareholder could not affect limited company’s asset. Increase the confident and provide a better image to the client, banker and supplier of the company, hence helping the development of business. Buying/selling a property with a limited company can prevent the investigation of personal “money source” from the Inland Revenue Department. A priority of consideration would be given by the Immigration Department to the foreigner when applying business visa to set up a limited company in Hong Kong. The name of the company is protected by law. It stops other people to use the same company name for illegal purpose. TAXATION Hong Kong has a simple tax system. Limited company is only obliged to file Profits Tax return once a year to the Hong Kong Inland Revenue Department. Hong Kong does not have any sales tax, value-added tax or capital gain tax. Enjoy the low Profits Tax rate in Hong Kong. The tax rate is only 16.5% in 2010/11. Non Hong Kong sourced income is exempted from Hong Kong Profits Tax. Business expenditure such as mortgage interest, traveling expenses and entertainments are tax deductible. Depreciation allowances are also granted to the acquisition of fixed assets. Director’s salary is deductible for tax purposes. Save of stamp duty and legal fees by transferring share of a limited company instead of the deed of property in the process of property transaction. Avoidance of worldwide tax charged by original country of non Hong Kong residence. COMPANY SECRETARY FEE Annual Fee $2,000   Service Provided: Provide statutory duties Meeting minutes for Annual General Meeting Prepare and submit Annual Return for the current year to Companies Registry Annual Return Government Fee included Provide professional advice and suggestion in Accounting, Taxation and Company Structure Remarks : The fees stated above are quoted for current year only, we reserve the right to make any modification at any time when deemed necessary.