Hong Kong is situated at the south-eastern tip of the mainland of China. A total area of just under 1,100 square kilometers covers Hong Kong Island, Kowloon and the New Territories and Islands. Its population is around 8 million. Varied people come to Hong Kong to set up varied companies for varied purposes, since Hong Kong companies have their own varied advantages.

1. Flexible Company's Name
In Hong Kong  we are free to make a choice of companies’ names, if not registered before. We can use the words such as INTERNATIONAL, GROUP, HOLDINGS, INDUSTRIAL, INVESTMENT included in the company name. We also can use other country name in the beginning of the company name if we like. But you are advised to choose the name of your company carefully. It is very important that you portray the image you want for your new company. You are also required to avoid using any company name which may be too similar to any existing company or trademark. A company name can be in English, in Chinese, or both. The name can’t end with "Limited".

2. Requirement
(1) One or one more shareholders. If company name include the word ‘group’, need two or more partners;
(2) Copy of valid ID certificate of shareholder;
(3) Should offer Hong Kong cautioner and his dwelling place. (HK CFM can offer this cautioner for you, If needed. The fee is RMB4800 per year)

3. Registered Capital
There is no requirement of registered capital for a Hong Kong unlimited company.
 
4. Business Scope
Business scope no need to provide for Hong Kong unlimited company.

5. Procedure
ill in application form→ Payment→ Sign legal documents→ Handle to Hong Kong government→ Finish within 4-5 working days→ Collect the documents

6. Service and Price
At HK CFM, we are able to prepare all the application forms and relevant documents and take care of all the procedures for you, and you get the following services at a fixed price of RMB3500.
Business license;
Three pieces of chops;
Offer office address, tel and fax;
 
7. Open Bank Account
You can open bank account in local Hong Kong or open offshore bank account in other countries. But less bank will receive offshore bank account opening for unlimited company, so we advice customer to open Hong Kong local bank account. All shareholders and directors should go to bank in person when open bank account.
 
8. Annual Return
Any unlimited companies in Hong Kong should carry on annual return to the Company Registry and the Inland Revenue Department. This return is mandatory and different from the tax return processing. The annual cost for doing so is about RMB4200 including HK CFM’s annual service’s fee.

9. Book-keeping, Auditing & Tax Report
Every company is required to record the company’s accounts accurately and keep the books more than 7 years, to appoint a Certified Public Accountant to audit the account books before an audit report is prepared and filed with the Hong Kong Inland Revenue Department, who must be qualified by virtue of the Hong Kong Professional Accountants Ordinance and completely independent of the company.

10. Taxation
There is no capital gains tax and dividend income tax. The unlimited company’s profit tax rate is only 16%, it is relatively low compared with the other developed countries. In Hong Kong, any enterprises are required to have a financial report annually to the Inland Revenue Department. More details about the tax information are available upon request of our valued customers.

11. Contact Us
If you have further queries, don't hesitate to contact Tannet anytime, anywhere by simply visiting Tannet's website www.company-registry.net, or calling  Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143181. or emailing to mailtannet@21cn.com. You are also welcome to talk with Overseas SME Service Department online by simply joining our MSN:service@tannet.net

Tannet--A Sound Global Business Solution Partner, Serving the World of Business, Professionally & Reliably.