If the company intends to sell more shares to shareholders than shares divided by registered capital, or if the company intends to raise more funds than registered capital, then the company needs it, then the company must first increase the registered capital.
After the company is established, it can increase its registered capital at will. However, you must convene a general meeting of shareholders and pass a resolution to increase the registered capital, and then submit the resolution to the Hong Kong Companies Registry together with a completed form in the specified format and appropriate fees.
Q: Can anyone in China register a Hong Kong/overseas company?
Yes, you can register with your Chinese ID card. For companies registered in Hong Kong, the Hong Kong government has no nationality restrictions on shareholders and directors. In terms of company registration, some offshore companies have no restrictions on the nationality of shareholders and directors.
Q: What's the difference between shareholders and directors?
A: The shareholders are the investors of the joint-stock company. The directors are elected by the shareholders and belong to the managers of the company. The chairman is the person in charge of the board of directors. Of course, more often, shareholders are directors.
Q: What do you need to set up a limited company in Hong Kong?
A: One or more shareholders and directors aged 65,438+08, mainland citizens or foreigners with passports or ID cards are allowed; In addition, you must provide an address in Hong Kong as the registered address and a Hong Kong resident as the legal secretary of the company. (Dennett will provide the registered address and company secretary if necessary).
Q: What are the differences between Hong Kong and the Mainland in choosing company names?
A: Hong Kong companies have a free name. Some companies that are difficult to register in China can register in Hong Kong as long as they are not duplicated. Regardless of the registered capital, the Hong Kong government allows the company name to include the words international, group, holding company, industry, investment, college, association, center, foundation and research institute. You can also add your favorite place names before the company name, such as France, America, Italy, Japan, Hong Kong and Shanghai. And you can also use your own name and hometown name to crown the company name, fully embodying personalization.
Q: Are there any restrictions on the business scope of Hong Kong Limited?
A: Hong Kong is the freest trading port in the world, and its business scope is not limited in principle. Enterprises can engage in any kind of business, such as financial investment, medical care, shipping and transportation, import and export trade, real estate, construction, decoration, information network, clothing and textiles, tourism, cultural publishing and so on. Many small and medium-sized business owners don't clearly define their business scope, so they won't limit their business to a certain range.
Q: Where is the registered capital of Hong Kong companies? Should the registered capital be in place?
A: The minimum registered capital of Hong Kong Limited Liability Company is HK$ 654.38+00,000, and there is no need for capital verification. There is no column of registered capital in Hong Kong's company certificate, and the registered capital is only reflected in the company's articles of association. If the customer wants to prove his registered capital, just show the articles of association. We can also ask our accountant to issue a certified copy.
Q: I want to set up a Hong Kong company. How should I go through the formalities?
A: Just fill out a power of attorney. There are three aspects to the power of attorney:
The first aspect is to determine the Chinese and English names of the company;
The second aspect is to determine the registered capital. The minimum registered capital is HK$ 65,438+00,000 (usually divided into 65,438+00,000 shares), which need not be put in place and can be increased according to actual needs.
The third aspect requires the submission of shareholder information and copies of certificates, and the arrangement of share distribution ratio. We will prepare complete legal documents for you to sign. After the document is signed, it will be sent to the Hong Kong Registry and will be completed in about 10- 15 working days.
Q: How long does it take to register a company? How long does it take to buy a ready-made shell company? Can I change my name if I buy an existing company? How long does it take to change the name?
A: It takes 7- 15 working days to register a Hong Kong company after signing all legal documents.
Buying a ready-made company can be completed within 1- 2 working days, and it can be completed on the day of grabbing the order;
3-5 working days for the branch; After the company buys it, it can change the company name. It takes 10- 15 working days to change the company name.
Q: What services does the establishment of Hong Kong Limited Company include?
A: The establishment of Hong Kong Limited Company includes the following services:
1, a set of government certificate fees (company registration certificate, business registration certificate)
2. A set of printed materials (16 Articles of Association, 1 receipt, 1 stock book, 1 shareholder notebook, 1 set of application documents).
3. The cost of a set of seals (1 signature seal, 1 steel seal, 1 change seal and 1 oval seal).
4. One-year registered address fee
5. One-year legal secretary service fee
6. Miscellaneous expenses (document fees, courier fees, travel expenses)
7. Accountant professional service fee
8. Provide one-year consultation on how to manage Hong Kong companies.
Q: How do I know if my company is legally registered?
A: Very simple. You can search in person or entrust a friend to the search lobby at Queensway Government Offices 13 in Hong Kong. And the bank is willing to open an account for your company, which is enough to prove the legitimacy of your company.
Q: Will there be other hidden expenses?
A: The company's expenses have included all the expenses that can enable the limited company to start operation (but excluding bank account opening), and there are no hidden expenses.
Q: How should we pay for the establishment of overseas companies?
A: Payment method: You can pay by cash, transfer, telegraphic transfer, check or cashier's check to our designated account in Hong Kong or the Mainland. Cash payment outlets are: Hong Kong, Los Angeles, Kuala Lumpur, Beijing, Shanghai, Shenzhen, Guangzhou, Chengdu, Yiwu, etc. Overseas people can remit money to Hong Kong accounts; Chinese mainland can remit money to Shenzhen account. Welcome to provide account information.
Payment method: after the customer fills in the power of attorney, 50% of the fee shall be paid in advance, and the other 50% shall be delivered when the company is established. 11000 The stamp duty on the registered capital shall be paid in full.
Q: How should I open a bank account after setting up a company?
A: When opening an account, all directors of the company must go to the bank in person and inform us in advance, and we will make relevant cooperation. You can choose to open an account in Hongkong or a foreign bank in China. Hong Kong is called a local account. The mainland account is called offshore account. The accounts you open usually include: Hong Kong dollar savings account, foreign currency savings account (including all common foreign currencies) and Hong Kong dollar checking account.
All three accounts can accept letters of credit. But if you want to open a letter of credit, you must open a letter of credit account. When opening an account, the director must prepare the following documents: the original identity certificate (ID card or passport) of the director/the original business registration certificate/the original registration certificate/the original articles of association/the original signature and seal of the company/the original minutes of the meeting/the cash deposited in the new account/if signature is required, The director should also prepare the original credit certificate issued by the bank where the director works (the credit certificate should include the account holder's name, passport or ID number, account opening date, deposit amount and our services include: recommending the bank to open an account/preparing account opening documents signed by accountants, meeting minutes and bank account opening application form/arranging referees/arranging special personnel to assist in the account opening procedures at the bank. After you open a local account, the bank will generally accept your cash deposit immediately, but only after the bank and the company registration office verify and confirm can you withdraw cash. The search time for a new company is about 5- 15 working days.
Q: Which cities in the Mainland can set up offshore account? How to operate the offshore account opened in different places in Shenzhen?
A: At present, foreign banks and some domestic banks in some major domestic cities such as Shenzhen, Guangzhou, Beijing, Shanghai and Xiamen can open offshore account. Shenzhen is the headquarters of domestic off-balance-sheet banks. If it is inconvenient for customers to come to Shenzhen, they can sign contracts in Shanghai, Hangzhou and Beijing. In different places, you can instruct the bank to operate the account by password, telephone, fax, etc. Now some banks have begun to accept online banking.
Q: What are the operational differences between local accounts in Hong Kong and offshore account in the Mainland?
A: There are several differences between Hong Kong accounts and offshore account accounts. On the one hand, the inflow and outflow of funds in Hong Kong is not controlled, while offshore account is set up by foreign banks in China and should be supervised by the financial management institutions in China. Therefore, offshore account cannot deposit cash at present; Secondly, in terms of bank charges, Hong Kong local accounts rarely charge fees, while offshore account charges fees according to each transaction. The third aspect is that the account opening documents are different. Offshore account can accept mainland ID card holders to open accounts, while local accounts in Hong Kong require the account holder to have a passport or pass. Fourth, local accounts in Hong Kong are fully functional, while some functions in offshore account are limited. The fifth is the speed of account opening. The former is faster and the latter is slower.
Q: Can a company open multiple accounts? Is there a necessary connection between them?
A: There is no distinction between basic deposit account and non-basic deposit account when opening an account in Hongkong. Enterprises can open countless accounts as needed. They have the same function and status. From the bank's point of view, the two are not necessarily related. However, before bookkeeping, all bank statements must be submitted centrally.
Q: When can a newly established limited company check its background records in the Companies Registry?
A: Generally speaking, after 16 working days, you can check the background records of the company in the company registry. Information is stored in the form of film, which is convenient for the public to look up books. According to this situation, as long as it is a newly established company, when we want to open an account, we'd better inform the relevant parties to inquire at the registration office after 16 working days. If the search company has been established for more than 1 month, the results can be obtained in 3 days.
Q: What fees do I have to pay each year after I set up a Hong Kong company?
A: There are two fees to be paid every year: annual review and accounting audit. 1. The annual inspection fee of the Inland Revenue Department and the annual report of the Companies Registry are the annual fees that must be paid. The price will be adjusted with the government's adjustment. About 3000-5000. Even if the company does not generate any business, this fee must be paid. 2. As for accounting and auditing, when an enterprise starts to operate and business happens, it is necessary to do accounting auditing. If the enterprise has no business, the enterprise need not do accounting audit. But tax returns are necessary.
Q: A Hong Kong company has been established. Who is in charge of accounting and auditing every year? If you handle the accounting, what information do you need to provide? What is the specific charging standard? How long will it take?
A: Accounting can be done by enterprises themselves or by Hong Kong accounting firms. But the audit must be entrusted to an accountant or auditor. If it is handled by us, you must submit all records of business transactions: account books, invoices, receipts, payment vouchers, bank statements, accounts receivable and accounts payable. Generally speaking, it takes one month to close the account and 1-2 months to audit.
Q: What is the difference between the statutory secretarial service and the commercial secretarial service you provide?
A: The government stipulates that a limited company must have a statutory secretary, and the secretary must be a local natural person or legal person in Hong Kong. Generally speaking, we can arrange a legal secretary for you. The legal secretary is the official secretary required by the Hong Kong government, which is convenient for the government to contact and handle government correspondence.
Business secretary is a business practice service tailored for customers according to their needs, from answering the phone, transmitting information, collecting and issuing on behalf of customers, to letters of credit, logistics and other services. The advantage of a business secretary is that you can establish your corporate image, which is equivalent to having your own employees, your own office building and a set of supporting resources for the company in Hong Kong. Dealing with business, smooth sailing, not a drop left.
Q: Our company has no offices or employees in Hong Kong. What should we do in management after we set up a Hong Kong company?
A: Our business secretarial service is specially designed for this purpose. For details, please refer to the details of business secretary service.
Q: Do I have to pay taxes on products entering and leaving Hong Kong?
A: Except for alcohol and tobacco, goods entering and leaving Hong Kong generally do not need to be taxed. However, all import and export goods must be declared, and the declaration fee is charged at 0.5% (within 47,000 yuan) and 0.3% (above 47,000 yuan) of the actual price;
Q: After the establishment of a publishing house, how can books be published legally?
A: After the establishment of the publishing house, you have obtained the qualification for publishing books. However, you still have two tasks to do: first, apply for ISBN or ISSN. Second, you must apply for distribution registration before publishing a book. If you do well in these two aspects, you can legally publish a book. If you want to publish in the mainland, you can apply to the relevant departments as a Hong Kong publishing house.
Q: What do ISBN and ISSN mean? What is the difference between ISBN and ISSN?
Answer: ISBN stands for International Standard Book Number. ISSN stands for international standard serial number. With these two figures, it shows that our books and periodicals have reached international standards and have been registered in ISBN and ISSN international institutions. This number can be used to check the background information of publications at any time. The fundamental difference between ISBN and ISSN is that the objects sent are different. The former is sent to book publishers; The latter was sent to magazine publishers.
Q: How much do I have to pay each year if the applicant company suspends business due to poor business?
A: Hong Kong companies can apply for temporary suspension of business at any time. There is no need to pay other fees except the annual report fee of the Companies Registry and the annual review fee of the Inland Revenue Department. If the market improves, the company can use it again at any time This will save a lot of money.
Q: Can my Hong Kong company be cancelled?
A: Yes. If your company is no longer used, it will not be cancelled. The Hong Kong government will assume that your company will continue to exist and continue to operate illegally. According to the laws of Hong Kong, the government will impose cumulative fines on companies that operate illegally. If the circumstances are serious, legal responsibility will be investigated according to law. Since it costs money to cancel the company, we suggest that the best way is to sell the company.