Incorporate Company in British Virgin Islands

Hong Kong

General Information

Company Law	Companies Ordinance, Cap. 32
Type of Company	Private Company Limited by Shares
Language of Legislation and Corporate Documents	Chinese. or English or Both
Taxation of Foreign Profits	Nil
Exchange Controls	None
Length of Time to Incorporate	Approximately two weeks
Shelf Companies Available	Yes

Corporate Names

Name Restrictions	Names identical or similar, offensive words
Endings and Abbreviations Required	"Limited" word must be used completely
Length of Time to Verify Name Availability	One working day
Reservation of Names Permitted	No
Language of Name	Chinese, or English or Both
Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license	Yes

Capital and Shareholders

Minimum Number of Shareholders	One
Local Shareholders Required	No
Corporate Shareholders Permitted	Yes
Disclosure of Shareholders	No
Minimum Authorised Capital Required	There is no minimum stated. Standard authorized capital is usually HK$1,000
Bearer Shares Permitted	No
Registered Shares Permitted	Yes
No Par Value Shares Permitted	Yes

Directors and Officers

Minimum Number of Managers	One
Qualifications of Directors	Legal Age
Officers Required	Company Secretary
Corporate Managers Permitted	Yes
Local Directors/Officers Permitted	Yes
Appointment of Subsequent Directors/Officers	Memorandum and Articles of Association

Meetings

Annual General Meeting of Shareholders Required	Yes
Annual General Meeting of Managers Required	Yes
Location of Directors and Shareholders Meetings	Anywhere
Adoption by Consent Permitted	Yes
Quorum required for purposes of meetings	Memorandum and Articles of Association

Local Requirements

Qualified Registered Office/Agent	Yes
Government Register of Shareholders	Yes
Government Register of Directors/Officers	Yes
Government Register of Charges	Yes
Register of Directors/Officers to be kept at Registered office	Optional. The company may file a "Notification of Location of Registers" to keep them somewhere else.
Company Seal Required	Yes
Copy of Minutes to be kept at Registered Office	Optional. The company may file a "Notification of Location of Registers" to keep them somewhere else.
Copy of Share Register to be kept at Registered Office	Optional. The company may file a "Notification of Location of Registers" to keep them somewhere else.

Annual Requirements

Minimum Annual License Fee or Franchise Tax	HK$2,600
Annual License Fee or Franchise Tax Due Date	Company's Anniversary
Applicable Surcharges	Varies (depending on payment date)
Requirement to File Annual Returns	Yes
Requirement to Submit Annual Audited Accounts	Yes

Other Relevant Information

Member of Apostille of the Hague Convention	No
Increase or Reduction of Capital	Shareholder’s resolution
Redomiciliation Prohibited	No
Reinstatement at Registry	Yes
Removal from Registry	Striking off, voluntary liquidation; creditors liquidation, winding up by Court

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