- Separate legal status from it's members.
- Limited liabilities for it's members.
- No minimum authorized capital required.
- Shares can be issued in any nominal value and in any currency.
- Sole director can be shareholder
- Directors and shareholders can be of any nationality of any domicile.
- Corporate entity allowed to be Director, Secretary, Shareholder.
- Corporate Profit Tax 'territorial principle'.
- No dividend tax and no capital gain tax, No sales tax, no VAT.
- Easy to raise capital
- Perpetual succession
- Legal capacity
- Double tax treaties
- CEPA
|
- At least two separate legal personalities required.
- Sole director cannot act as secretary.
- Secretary must be Hong Kong resident.
- Name and address of directors and shareholder are in public records.
- Corporate profit tax 16.5%.
- Bearer shares are not allowed.
- Not more than 50 members.
- Preemption rule.
- Must file annual return.
- Must hold AGM every year.
- Business registration fee annually.
- Company must retain Hong Kong address
- P.O. Box not allowed as address of its officers and shareholders.
- Winding procedures
|
