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Formation of Hong Kong & Overseas Companies
 



Hong Kong    
 
CAPITAL
Number of issued share capital Standard of HK$100 divided into 100 shares of HK$1.00 per share, it can also be as minimal as 1 share of HK$1 per share. 
Capital duty payable upon increase in capital / issued share N/A
ANNUAL REQUIREMENTS
Annual renewal of Business Registration Certificate Yes 
Annual Return Yes 
Audited Accounts Yes
CORPORATE REQUIREMENTS
Registered Office and company secretary must be in place of jurisdiction Yes 
Use of Bearer Shares permitted No 
Minimum number of Directors One 
Minimum number of Shareholders One 
Minimum number of Secretaries One 
Government filing of Register of Directors No, only keep the register at registered office address
Government filing of Register of Members No, only keep the register at registered office address
Disclosure of Beneficial Owner on public file No, only to company secretary 
Annual Return / Audited Accounts Yes  
Register of Directors Yes  
Register of Members Yes  
Register of Transfer and Charges Yes
INCORPORATION
Use of Chinese name Company names may be expressed in both English and Chinese characters.Chinese names are permitted and can be included on a company's Certificate of Incorporation 
Name checking Usually same day 
Incorporation -       2 working days (Shelf Companies)
-       6 working days (Tailor-made Companies) 
Copy of Certificate of Incorporation available 4 working days 
Remarks  

 

 
British Virgin Islands
 
CAPITAL
Authorized Capital / Number of shares authorized to Issue -    Authorized capital is abolished under the BVI BC Act 2004
-    Standard maximum of 50,000 shares of a single class each with a par value of US$1.00 
Capital duty payable upon increase in capital / Number of shares authorized to Issue US$1,100 for number of shares over 50,000 
ANNUAL REQUIREMENTS
Annual renewal of Licence Incorporation date January – June
-      payable before the 31st May in the year following  Incorporation
Incorporation date July – December
-      payable before the 30th November in the year following  incorporation
CORPORATE REQUIREMENTS
Registered Office and Agent must be in place of jurisdiction Yes 
Use of Bearer Shares permitted Yes (expressly authorized by memorandum of association, and subject to custodial provision)
Minimum number of Directors One 
Minimum Number of Shareholders One 
Minimum Number of Secretaries N/A 
Government filing of Register of Directors Yes
Government filing of Register of Members Optional 
Disclosure of Beneficial Owner No (Only to Agent) 
Annual Return / Audited Accounts No
Register of Directors Required (to provide the BVI Registered Agent a written record of the physical address of the place at which the original registers and minutes are kept) 
Register of Members Required (to provide the BVI Registered Agent a written record of the physical address of the place at which the original registers and minutes are kept) 
Register of Transfer and Charges Yes (if any) 
INCORPORATION 
Use of Chinese name -    The M&A and Certificate of Incorporation will show the Chinese name if a Notary Public declares the name is a true translation / transliteration of the English name
-    Additional procedures undertaken to add Chinese name to M&A
Name Checking Usually next working day 
Incorporation -      2 working days (English Name)
-      4 working days (English & Chinese Name) 
Copy of Certificate of Incorporation Available 2 - 4 working days 
Remarks  

 


Cayman Islands
 
CAPITAL
Authorized Capital/ Number of shares authorized to issue Standard of US$50,000 divided into 50,000 shares of US$1.00 par value 
Capital duty payable upon increase in capital / Number of shares authorized to issue An annual government fee based on the amount of the company's authorised share capital (i.e., share premium is excluded for government fee purpose).
                  Authorised Capital (US$)                    Annual fee (US$)
51,200 and below                                                           732
>51,200 but not exceeding 1,000,000                          1,098
>1,000,000 but not exceeding 2,000,000                     2,298
>2,000,000                                                                   3,010
ANNUAL REQUIREMENTS
Annual renewal of Licence Payable before 31st January in the year following incorporation 
CORPORATE REQUIREMENTS
Registered Office and Agent must be in place of jurisdiction Yes
Use of Bearer Shares permitted Yes (to Custodian) 
Minimum number of Directors One 
Minimum number of Shareholders One 
Minimum number of Secretaries N/A 
Government filing of Register of Directors Yes 
Government filing of Register of Members No 
Disclosure of Beneficial Owner No (Only to Agent) 
Annual Return / Audited Accounts -        Required for Annual Return
-        Not required for Audited Accounts 
Register of Directors Yes 
Register of Members Yes
Register of Charges Yes  
INCORPORATION
Use of Chinese Name Chinese names are permitted and can be included on a company's Certificate of Incorporation 
Name Checking Usually by next working day 
Incorporation -        7 working days (English Name)
-        15 working days (English & Chinese Name) 
Copy of Certificate of IncorporationAvailable 7 - 15 working days 
Remarks  
 
 
 
Samoa
 
CAPITAL
Authorized Capital/ Number of shares authorized to Issue Standard of US$1,000,000 divided into 1,000,000 shares of US$1.00 par value, however, any level of authorized capital is allowed 
Capital duty payable upon increase in capital / Number of shares authorized to Issue No capital duty 
ANNUAL REQUIREMENTS
Annual renewal of Licence Payable before 30th November in the year following incorporation 
CORPORATE REQUIREMENTS
Registered Office and Agent must be in place of jurisdiction Yes 
Use of Bearer Shares permitted No
Minimum number of Directors One 
Minimum number of Shareholders One 
Minimum number of Secretaries One 
Government filing of Register of Directors Optional 
Government filing of Register of Members Optional 
Disclosure of Beneficial Owner No (Only to Agent) 
Annual Return / Audited Accounts No
Register of Directors Yes  
Register of Members Yes (Register of Secretary is required to be kept at RO) 
Register of Charges Optional (Any person who files the charges should lodge a copy of instrument or statement at RO) 
INCORPORATION
Use of Chinese Name -       The legislation permits the use of Chinese names (or other foreign languages) in addition to English names on Certificate of Incorporation and a translation proof of its true & accuracy is required
-       M&A can be in both English and Chinese
-Documents may be filed in any language 
Name Checking Usually next working day 
Incorporation - 3 working days (English Name)
- 5 working days (English & Chinese Name) 
Fax Copy of CI Available 2 - 3 working days 
Remarks  
 
 
 
For other jurisdictions, please contact us at info@lccpa.com.hk.