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

How is the existence and validity of company certified?

After the company is registered, we will deliver the Certificate of Incorporation, steel seal of the company, articles of association and others to clients. In addition, we can also help clients apply for Certificate of Good Standing to local government.

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

Can an offshore company operate in Hong Kong once registered without declaration to Hong Kong government?

No. Company in any country or region, which conducts business in Hong Kong, shall apply Business Registration Certificate and declare tax. According to Section 11 of Companies Ordinance of Hong Kong, the company should be registered as an offshore company incorporated 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.

The reporting requirements for Hong Kong offshore company

Offshore company in Hong Kong is subject to the same reporting requirements as a Hong Kong company. The basic requirements are that the company has to register business in Hong Kong with the Business Registration Office of the IRD and to furnish profits tax returns issued to it.

If the company has profits chargeable to tax for any year of assessment but has not received any return from the IRD, it has to inform the IRD in writing of its liability within 4 months after the end of the basis period for that year of assessment.

Furthermore, the company is required to keep sufficient records (in English or Chinese) to enable its assessable profits to be readily ascertained and the records must be retained for at least seven years after the completion of the relevant transactions.

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