Hong Kong
These companies registered under the Companies Ordinance (Cap 32).
Name - An application is filed for approval at the Hong Kong Companies Registry and the name must not be similar to any already existing company.
Taxation - Companies are exempt from taxation on profits received from abroad. If funds are received from within Hong Kong the tax rate is 17.5%.
Annual license fee - An annual license fee of HK$2,600 is payable to the Companies Registry.
Registered office - It must be situated in Hong Kong.
Members/Shareholders - The minimum number is one.
Public access - The records maintained at the Hong Kong Companies Registry are open to public inspection.
Directors - The minimum number is one.
Secretary - It is obligatory to appoint a Secretary.
Annual Return Filing - There is an obligation to file the annual return with Hong Kong Companies Registry.
Financial Statements - There is an obligation to prepare and file audited financial statements annually with the Tax Authorities.
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