| Q1. |
May non-Hong Kong residents incorporate a local limited company in Hong Kong?
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| Answer: |
Yes, non-Hong Kong residents may incorporate a local limited company
in Hong Kong. If you do not often stay in Hong Kong or you are not
familiar with the incorporation procedures, it is advisable for you
to contact some local professional firms e.g. solicitors, accountancy
or secretarial firms etc. for their advice and to act on your behalf
to set up the company in Hong Kong. |
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| Q2. |
How do I form and register a local limited company in Hong Kong? |
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| Answer: |
You have to choose a company name first. In choosing a company
name, please refer to the Companies Registry's Company
Names Guidelines (pdf format) and the frequently asked questions
relating to Company Name
on this website for details.
Then, you have to prepare and submit the following incorporation
documents with the required fees to the Companies Registry at 14th
floor, Queensway Government Offices, 66 Queensway, Hong Kong:-
Please also refer to Incorporation or Change of Name of a Local Limited Company - Points to Note (pdf format) when preparing the above documents.
Please note that the registrability of a company name can only be confirmed after the application has been processed by the Companies Registry and the application must meet all the requirements of the Companies Ordinance before the company can be successfully incorporated.
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| Q3. |
What are the fees for incorporating a local limited company?
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| Answer: |
The fees for incorporating a local limited company having a
share capital include the application fee of HK$1,720 and the
capital fee of HK$1 for every or part of HK$1,000 of the nominal
share capital (this capital fee is subject to a maximum of HK$30,000
per case). If your application is unsuccessful, you can apply for
a refund of HK$1,425 of the application fee (the lodgment fee of
HK$295 is non-refundable) and the capital fee.
The registration fee for incorporating a local limited company
not having a share capital is calculated according to the
number of members stated in the Articles of Association of the company.
The registration fee is HK$170 (for 25 or less members), HK$340
(for more than 25 but not exceeding 100 members), and an additional
HK$20 for every 50 members or less after the first 100 members.
This registration fee is subject to a maximum fee of HK$1,025.
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| Q4. |
Is there any specified form for the "Memorandum and Articles of Association"?
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| Answer: |
There is no specified form for the Memorandum and Articles of Association
(MA). You may refer to Tables A and B in the First Schedule of the
Companies Ordinance (Cap. 32 of the Laws of Hong Kong), which set
out the form of MA for companies limited by shares, and Table C
for companies limited by guarantee. You may view the wording of
the provisions of the Companies Ordinance at www.legislation.gov.hk.
Please also refer to Incorporation
or Change of Name of a Local Limited Company - Points to Note
(pdf format) when preparing the MA.
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| Q5. |
Is there any restriction on the amount of nominal share capital and the number of founder members of a local company limited by shares?
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| Answer: |
There is no restriction on the minimum or maximum amount of nominal share capital under the Companies Ordinance. A local company limited by shares shall be formed by at least one founder member taking at least one share of the company.
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| Q6. |
Can the registered office of a local limited company be situated outside Hong Kong?
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| Answer: |
No. The registered office must be situated in Hong Kong.
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| Q7. |
When can I get the Certificate of Incorporation for my company after submitting the application?
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| Answer: |
Normally, the Certificate of Incorporation of a company limited
by shares will be issued in 4 working days after the date of submission
while the certificate of a company limited by guarantee will be
issued in about 3 weeks.
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| Q8. |
Can the Certificate of Incorporation be sent to me by post? Who can collect the Certificate of Incorporation for me?
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| Answer: |
The Companies Registry will not send the Certificate of Incorporation
to the applicant by post. The Certificate of Incorporation can only
be collected by the presentor stated in the Form NC1 or NC1G or
his / her authorised representative with an authorisation letter
from the presentor. The person collecting the certificate has to
produce the company chop of the presentor (if it is a body corporate)
or his / her Hong Kong Identity Card or Passport as proof of identity.
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May a non-Hong Kong resident be appointed as a director and secretary of a local limited company?
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Answer:
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A non-Hong Kong resident can be appointed as a director
of a local limited company. The secretary, if an individual, should
ordinarily reside in Hong Kong. For corporate secretary, its registered
office or place of business should be in Hong Kong.
A private local limited company must have at least one director
and one secretary. The sole director shall not also be the secretary
of the same company.
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Can a sole member and sole director of the company act as the secretary too?
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Answer:
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No. Section 154(1B) of the Companies Ordinance expressly prohibits the sole director from acting as the secretary. Besides, section 154(4) of the Companies Ordinance provides that a private company cannot appoint a corporate secretary if the sole director of the corporate secretary is also the sole director of the company.
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When will the appointments of the persons named as the first directors and secretary in the incorporation form (i.e. Form NC1 or NC1G) become effective?
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Answer:
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The appointments of the first directors and secretary named in the incorporation form will become effective on the date of incorporation stated in the companyˇ¦s certificate of incorporation.
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When will the intended address of the companyˇ¦s registered office stated in the incorporation form (i.e. Form NC1 or NC1G) become effective?
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Answer:
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The intended address stated in the incorporation form will be the address of the company's registered office with effect from the date of incorporation stated in the company's certificate of incorporation.
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I have already registered the name of my limited company with the Companies Registry. Can I use the registered company name as a trademark? Will my company name be protected as a registered trademark automatically?
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Answer:
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Company registration and trademark registration
in Hong Kong serve different purposes. They are regulated by different
laws and registration systems administered by different government
departments. The Companies Registry is responsible for providing
services for the incorporation of local limited companies and the
registration of companies incorporated outside Hong Kong which have
established a place of business in Hong Kong, while the Trade Marks
Registry administered by the Intellectual Property Department (www.ipd.gov.hk/eng/trademarks.htm)
is responsible for the registration of trademarks. Having the name
of a limited company registered with the Companies Registry does
not automatically confer on the company the right to use its name
as a trademark in promoting or dealing in goods and services. You
have to file an application with the Trade Marks Registry for trademark
registration in order to obtain the protection under the Trade Marks
Ordinance.
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Will the Trade Marks Registry give approval to the registration of the name of my limited company as a trademark because I have registered it with the Companies Registry?
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Answer:
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Company registration and trademark registration
in Hong Kong serve different purposes. They are regulated by different
laws and registration systems administered by different government
departments. The Companies Registry is responsible for providing
services for the incorporation of local limited companies and the
registration of companies incorporated outside Hong Kong which have
established a place of business in Hong Kong, while the Trade Marks
Registry administered by the Intellectual Property Department is
responsible for the registration of trademarks. The fact that the
name of your company has been registered with the Companies Registry
does not mean that it is registrable as a trademark. The Registrar
of Trade Marks examines each application to ensure that the requirements
under the Trade Marks Ordinance (Cap. 559) and Trade Marks Rules
(Cap. 559A) are satisfied. For details, please visit the website
of the Intellectual Property Department: www.ipd.gov.hk/eng/trademarks.htm
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