Open a Limited Liability Company in Hong Kong

A presentation brought to you by LawFirmHongKong.com

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The Hong Kong Limited Liability Company

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• The limited liability company (LLC) is among the most popular business forms in Hong Kong.

• It is preferred by foreign investors who want to open a small or medium-sized legal entity and it allows shareholders to be liable only to the extent of their investment in the company.

Reasons to Open a Limited Liability Company in Hong Kong

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• The limited liability company in Hong Kong can be private or public, the difference being that the public one can be listed on the Stock Exchange.

• The company can easily raise capital and it continues its business activity after the resignation, insolvency or death of a director or shareholder.

Key Characteristics for a Hong Kong Limited Liability Company

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• The limited liability company in Hong Kong has a set of important characteristics:

it is a separate legal entity from its founder/s; its shareholders have limited liability; it allows for business expansion; it allows for easy transfer of ownership.

Limited Liability Company Compliance in Hong Kong

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• The private limited liability company must have at least one shareholder and a maximum of 50.

• The business regulations for a LLC in Hong Kong include a mandatory company secretary and a registered address. There are no minimum share capital requirements.

The Company Registration Procedure in Hong Kong

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• The Hong Kong limited liability company must be registered in the city. The founders need to submit the following documents:

the Articles of Association; the company incorporation form; passport copies and residency proof for

foreign investors; copies of the Hong Kong identity card for

local investors.

Registration with the Companies Registry in Hong Kong

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• The company registration procedure may begin after the LLC receives an approval for its company name.

• The company is registered with the Companies Registry in Hong Kong. After it receives the Certificate of Incorporation it can apply for registration with the tax authorities and to receive additional permits and licenses.

Additional Steps for Opening a LLC in Hong Kong

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• The limited liability company will need a bank account in Hong Kong and will need to register for taxation purposes.

• Company owners who want to hire employees in Hong Kong need to observe the Employment Ordinance.

Special Permits for LLCs in Hong Kong

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• The Business Registration Certificate is issued upon registration with the Inland Revenue Department.

• Limited liability companies will also need to obtain additional special permits and licenses, depending on the business field in which they activate. The experts at our law firm in Hong Kong can help you get any necessary permits for your company.

Assistance for Opening a LLC in Hong Kong

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• A Hong Kong law firm that offers professional company incorporation and management services can help you throughout the steps required to open a limited liability company in Hong Kong.

• You can contact the specialists at our law firm in Hong Kong for company formation assistance and advice.

Thank You for Your Attention!

For more information please contact us at:

 + 852 8191 3385 (for international clients)

office@lawfirmhongkong.com

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