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Setting up a Hong Kong Company

Hong Kong is the ideal location to set up a business not only because it is one of the world's top financial centres but it is also a stable and well respected jurisdiction. As Hong Kong companies are legally required to file annual audited accounts, the company will have more substance and can apply for Credit facilities with banks, trade services, credit cards etc. A Company search can be conducted by respected business agencies such as Dun and Bradstreet and there is more respectability and trust when doing business with large organizations and listed companies.

CMS will always advise clients to set up a private limited company in Hong Kong, as its limits the liability of the shareholders to the capital subscribed and assets held by the company. A Hong Kong company can conduct ANY type is business and the activities of a Hong Kong company are NOT restricted by the company name.

As per the Hong Kong Company Ordinance requirements, CMS will prepare and display your company name plate at the Registered Office and store your company documents and display the current Business Registration Certificate. Please Note that under HK Companies Ordinance, a company must display the company name plate or the Directors are liable to a default fine (Section 93) and the Statutory Minute Book should be kept at the Registered Office in Hong Kong (Section 119A) - otherwise the company and every officer of the company is also liable to a default fine. For further information, please click here.

We carry a stock of pre-registered (shelf) Hong Kong companies for immediate activation and our current list can be viewed from here. Alternatively, should you wish to establish a company with your own choice of name, we would like to advise that the full incorporation process will normally take 7-10 working days, we will be happy to conduct a name search on the availability of any proposed company name Free of Charge.

Please note that the company registry in Hong Kong is OPEN TO THE PUBLIC, therefore, details of the company Director(s) and Shareholder(s) are easily accessible to the public. However, should you NOT wish your personal details to appear in the Company Registry you may wish to discuss your specific requirements with one of our experienced consultants.

All Hong Kong Companies are required to keep accounting records of the following:- a) All sums of money received and expended, and the matters in respect of which the receipts and expenditure take place, b) sales and purchase orders, and c) all assets and liabilities. The accounting records must be to GAAP international standards and contain the information necessary to give a true and fair view of the state of the company's affairs and to explain its transactions. CMS is able assist clients to prepare the annual Profit/Loss Account and Balance Sheet then arrange an INDEPENDENT Audit - please note we will NEVER audit financial accounts that have been prepared by ourselves due to potential conflict of interests.

In order to proceed with the purchase of a company, our application can be downloaded from here.