HK Company | SQ Business Consultancy Limited

Fees

Company Plan 1

Company name search in Chinese and English
Certificate of Incorporation (CI)
Notice of business opening of the corporation
Business Registration Certificate (BR)
Incorporation form
Minutes of the first meeting
Significant Controllers Register
No more than 2 directors/shareholders
Green box set includes
(a) Register of Directors, Secretary, Members
(b) 10 copies of articles of association
(c) Company share book
(d) Company Records
(e) Steel seal
(f) Signature and seal
(g) Round seal
Free company secretarial, accounting and tax advice

Company Plan 2

Company name search in Chinese and English
Certificate of Incorporation (CI)
Notice of business opening of the corporation
Business Registration Certificate (BR)
Incorporation form
Minutes of the first meeting
Significant Controllers Register
No more than 2 directors/shareholders
Green box set includes
Register of Directors, Secretary, Members
10 copies of company articles of association
company stock book
company records
steel seal
signature seal
round seal
First year company secretarial services
First year registered address service
Served as designated representative for the first year
tax representative
Free company secretarial, accounting and tax advice

1. One working day at the fastest, no express surcharge.

2. The above services include government fees, which are company registration fee of $1,545 and business registration certificate fee of $2,200.

3. If there are more than 2/3 shareholders and directors, an additional search fee of RMB 200 is required for each person.

4. If the shareholders or directors are corporate entities, separate quotations are required.

When setting up a Hong Kong limited company, the annual maintenance costs usually include the following aspects:

Business Registration Certificate Fee: Must be paid annually to the Business Registration Office, the fee for 2024 is $2,200.
Annual return fee: It must be lodged with the Registrar of Companies every year and the fee is $105.
Cost of accounting work: If the company does not have in-house accounting personnel, it will need to hire an accounting company to do it. The cost depends on the volume of documents. Generally, if a small and medium-sized enterprise
does not have a large amount of accounting documents, the annual accounting fee will be about several thousand Hong Kong dollars.
Statutory audit fees: Every limited company must be audited every year. Generally, the audit fees for small and medium-sized enterprises range from a few thousand to tens of thousands of Hong Kong dollars.

Based on the above, various costs will vary depending on the company's size and specific needs, but generally the annual maintenance costs for small and medium-sized enterprises range from a few thousand to tens of thousands of Hong Kong dollars.

FAQ

What is the registered share capital of a registered limited company?

The Hong Kong Companies Ordinance does not limit the registered capital, but the minimum registered share capital of a Hong Kong limited company is $1, and each shareholder must hold at least 1 share.

Can shares be transferred at any time?

Shares can be transferred at any time, as long as the share transfer procedures are completed.

Is a green box necessary to register a company? And what is the purpose of the green box?

A green box is not necessarily required when registering a company. The main purpose of a green box is to neatly store related documents and tools. The green box usually contains the following contents:

Articles of Association: According to the new Companies Ordinance, companies established in Hong Kong only need to have articles of association.
Stock book: used when shares are transferred or bought and sold as proof of the future issuance of new shares.
Statutory register: used to record and store the director list, shareholder list, secretary list, board meeting minutes, shareholder meeting minutes and statutory forms, etc.
Stamp: used to sign important legal documents, such as building sales, share transactions, company listings, etc. Since the new company regulations allow companies to have no steel seal, many newly established small and medium-sized
enterprises choose not to use it.
Square seal: Generally used for bank documents, business contracts or internal company documents, etc.
Circular seal: usually used for daily operations, such as signing for express documents, correcting documents, etc.

The main function of the green box is to facilitate the management and access of these important files and tools.

What are the benefits of registering a limited company in Hong Kong?

The most direct is the low tax rate. The tax rate for the first 2 million profits of a Hong Kong limited company is 8.25%, and 16.5% thereafter.
good financial system
good legal system
International cities are highly competitive
Easily expand the Chinese mainland market

When setting up a Hong Kong limited company, what are the general annual maintenance costs?

In order to comply with legal requirements, every limited company must handle the following matters every year:

Business Registration Certificate – A business registration certificate fee must be paid to the Commercial Registrar every year, $150 in 2022
Annual Return – An annual return must be submitted to the Companies Registry every year. The fee is $105 (waived in 2021 and 2022)
Accounting work – Generally, companies will have accounting staff to handle daily accounting work. If not, you need to find our accounting company to do it for you. The fee depends on the volume of documents and a quotation is required. The fee ranges from several thousand to tens of thousands. However, generally small and medium-sized enterprises such as There is not a large amount of accounting documents, and the annual accounting fee is about a few thousand Hong Kong dollars.
Statutory audit – The law stipulates that every limited company must conduct an audit every year. The audit fee ranges from several thousand to tens of thousands, and a quotation is required. However, the audit fee for small and medium-sized enterprises is generally about $5,000 to $20,000.