When change of business address in Hong Kong, what should I do?

You should notify the Companies Registry, by way of a letter, of any changes in the addresses of the presentor, applicant or the nominated person to facilitate future communication.In addition if the address of the company's registered office has been changed, you should deliver a Form NR1 to report the change; if the addresses of the directors have been changed, you should deliver a Form ND2B to report the changes.Read more: Open bank account in Hong Kong Register a company in HongKong

Hong Kong company limited by guarantee (non-profit organisation)

In general, a company limited by guarantee is set up for the purpose of advancement of education, religion, relief of poverty, trust and foundation, etc. Most institutions formed by this structure are not for profit-making, but they cannot be charitable. If an institution would like to be a charity, it must be established for purposes which are exclusively charitable according to law.If an institution is fit for any of the following purposes, we can help them to apply to be an approved charitable institute (ACI). Relief of poverty Advancement of education Advancement of religion Other purpose of a charitable nature beneficial to the community and not falling under any of the previous headingsRead more: Hong Kong business licenseThe advantages of being an ACI Exempted from tax Exempted from tax on profits if: the profits are applied solely for charitable purposes; and the profits are not expended substantially outside Hong Kong; and either: the trade or business is exercised in the course of the actual carrying out of the expressed objects of the institution or trust (for example, a religious body might sell religious tracts); or the work in connection with the trade or business is mainly carried on by persons for whose benefit such institution or trust is established (for example, a society for the protection of the blind might arrange for the sale of handicraft work made by the blind). Exempted from the obligation of business registration unless a trade or business is carried onUpon your request, we will provide you with an application form to fill in with the details of your institution, including the objectives of the institute, number of members, membership fee, membership classification, directors, company secretary etc.Registering a “company limited by guarantee” follows the usual steps of registering a “company limited by shares” (the most common type of business entity for business in Hong Kong).Here are the characteristics of “Company limited by guarantee”:Read more: Register company in Hong Kong Open bank account in Hong Kong

Are there any special requirements for foreign investors in Hong Kong?

Foreign investors who want to open a Hong Kong offshore company are allowed to have full foreign ownership.However, there are considerations for the individuals who may become company directors and for the company formation in Hong Kong.Read more: Nominee director Hong Kong Hong Kong bank account for non resident

The advantages of being an approved charitable institute (ACI) in Hong Kong

Exempted from tax:Exempted from tax on profits if the profits are applied solely for charitable purposes; andthe profits are not expended substantially outside Hong Kong; and either:the trade or business is exercised in the course of the actual carrying out of the expressed objects of the institution or trust (for example, a religious body might sell religious tracts); orthe work in connection with the trade or business is mainly carried on by persons for whose benefit such institution or trust is established (for example, a society for the protection of the blind might arrange for the sale of handicraft work made by the blind).Exempted from the obligation of business registration unless a trade or business is carried onUpon your request, we will provide you with an application form to fill in with the details of your institution, including the objectives of the institute, number of members, membership fee, membership classification, directors, company secretary etc.Registering a “company limited by guarantee” follows the usual steps of registering a “company limited by shares” (the most common type of business entity for business in Hong Kong).Read more: Auditing service Hong Kong Open company in Hong Kong

Can any company apply for deregistration?

No. Only a local private company or a local company limited by guarantee, other than those companies specified in section 749(2) of the Companies Ordinance, may apply for deregistration. The company must be a defunct solvent company.

Can a Hong Kong company hire/ recruit foreign employees?

Yes, a Hong Kong company can hire foreign employees to work in Hong Kong. The company must file an employment visa for each such employee and it must be approved by authorities. There are different schemes under the employment visa category that cater to different groups of employees:

Those with a degree or higher qualification in a full-time and locally accredited programme in Hong Kong (referred to as non-local graduates)
Those with foreign education but possess special skills, knowledge or experience of value to and not readily available in Hong Kong
Chinese residents who possess special skills, knowledge or experience of value to and not readily available in Hong Kong.
Note that the company must be incorporated first before an employment visa application can be filed.

Set Up Now