General Information

General information about the jurisdiction of Hong Kong

Official LanguagesEnglish and Chinese
Political StabilityExcellent
Application of the European Directive on the taxation of savingsNot applicable
Taxes on profitsNo tax if the company’s revenues do not come directly or indirectly from Hong Kong
Time required to register a company– “Express” registration: 24 hours (requires your presence in Hong Kong).
– “Normal” registration: 7 business days from the receipt of signed company registration documents at our Hong Kong office.

The Company

Type of companyPrivate Limited Company.
Offshore status does not exist in Hong Kong; it is a tax exemption for activities outside Hong Kong.
JurisdictionEnglish Common Law & local laws
Authorized ActivitiesThe company may engage in all activities except banking, insurance and financial activities (such as currency exchange).
Registered Local AgentMandatory.
Our company Merritt Asia Limited is authorized to represent you and will therefore be the Company Secretary of your company.
Ready Made CompaniesYes (list available on request).
We still have about 500 companies available.
Language used for documentsEnglish or Chinese.
We are of course at your disposal for any translation and assistance to their understanding.
Company NameEnglish or Chinese or both.
The use of certain names are regulated (bank, federal, trust, etc.). Please contact us to check availability of a desired name for free).

Share Capital and Shares of the Company

Currency of capitalHKD (Hong Kong Dollar)
Minimum capital to be releasedHKD 1
Amount of “basic” capital at creationHKD 10,000
Maximum authorized capitalUnlimited.
But we advise not to exceed HK $ 10,000 because it is the usual capital of a company in Hong Kong.
Release of the rest of the capitalNot required and not limited in time
Minimum number of partnersOne
Maximum number of partnersMaximum of 50 partners
Bearer sharesNot Authorized
Class of authorized sharesCommon shares, preference shares, shares with or without voting rights

Principal Members of the Company

Company Secretary

RoleRepresents the company only with the Hong Kong Authorities for all administrative procedures including legal, accounting, fiscal and HR compliance g of the company.
Not to be confused with the typical definition of a “secretary” as an office assistant. This is an official title meaning “agent”.
Local Company SecretaryYes, it must be registered with the Hong Kong Registries
Can you propose a Company Secretary?Yes. This is the mandate of our company Merritt Asia Limited.


RoleThe representative of the company (equivalent to the “manager” in civil law countries)
EligibilityAny natural person or legal entity regardless of nationality.
Minimum NumberOne (natural person or legal entity)
Maximum NumberUnlimited
Disclosure to Authorities and the PublicThe Register of Directors is accessible to the public for a fee.
Place of residence of the directorCan reside anywhere in the whole world
Obligation to have a local directorNo
Nominee management availableWe no longer provide any nominee services.


RoleOwner of shares in the company.
Minimum NumberOne
Maximum Number50
EligibilityAny natural person or legal entity regardless of nationality.
Public Disclosure The Register of Shareholders is accessible to the public for a fee.
Shareholder NomineeWe no longer provide any nominee services.
Location of General MeetingsAnywhere in the world

Administration, Accounting and Bank account

Administration and Accounting of the Company

Maintaining accounting

Mandatory. We facilitate a connection with a third-party accountant, understanding that we have no access to your accounting, either directly or indirectly, and exercise no control or visibility over your company’s management.
Annual audit of accountsMandatory. We facilitate a connection with a third-party auditor, understanding that we have no access to your accounting, either directly or indirectly, and exercise no control or visibility over your company’s management.
Justification of expenses and revenue

All expenses must be substantiated by supporting documents (invoice, receipt, etc.). For a expense to be deductible, it must be related to the company’s activities.
It is important to pay attention to the concept of a “permanent establishment” if your business is conducted from a country other than Hong Kong. As this topic is beyond our expertise, we recommend consulting with a tax attorney to validate the specifics of your business activities and income declarations in your country of residence. They can provide precise advice based on your individual situation.

Bank Accounts

Bank account locationCan be located anywhere but we recommend opening it in Hong Kong.
Possibility to have a bank account in Hong KongYes.
Recommended BanksWe offer HSBC, Standard Chartered Bank, Citibank, DBS Bank and Hang Seng Bank, but any other bank is possible according to your instructions.
Remote Bank AccountsThis is possible with certain online banks (“fintech”) located in Hong Kong and outside of Hong Kong.
Internet BankingYes. Available at all banks.
Bank Account CurrencyMulti-currency (for all banks): EUR, USD, GBP, etc., including RMB.
Control and Access to Company Bank AccountsYou are the ONLY one with access to the company’s bank account. We have no signature, access, or visibility into your accounts. If the banking relationship is accepted, it is solely between the bank and you.
Bank CardsDebit card (ATM) and Visa Gold or Visa Platinum credit (ceiling = amount blocked as guarantee).
Exchange ControlsNone
Opening DepositMin. HKD 10,000.