Let Sino-Australia Accounting help you register a limited company in Hong Kong
Hong Kong Limited Company Registration
HONG KONG COMPANY LIMITED BY GUARANTEE (CLG)
- Company Name Search
- Company registration certificate
- Business registration certificate
- Company secret service for 1 year
- Company registration address for 1 year
- Bank account opening documents
- Collect letters / small parcels
It typically takes about four to six weeks to establish a Hong Kong company limited by guarantee. Since the company registration office reviews each case individually, the processing time can vary.
Generally, a company limited by guarantee is established for purposes such as the promotion of education and training (e.g., associations or guilds), religion, charity, environmental protection, conservation, trusts, public funds, or social welfare. Many of these companies are structured as non-profit organizations or non-governmental organizations (NGOs).
BASIC REQUIREMENTS OF HONG KONG CLG FORMATION:
- At least 1 member
- At least 2 directors
- At least 1 company secretary
Once the company is officially registered, it may apply to the Hong Kong Inland Revenue Department for recognition as a charitable institution under Section 88 of the Inland Revenue Ordinance (which provides tax exemption for non-profit organizations). If approved, the company's income will be exempt from profits tax. Under normal circumstances, the Inland Revenue Department takes six to twelve months to review and approve an application for charitable status.