According to Chapter 32 of the Hong Kong Companies Ordinance, a limited liability company registered in Hong Kong must appoint a company secretary to perform the company's statutory duties. His duties include reporting changes in the company structure, shareholders and directors to the Companies Registry, preparing the company meeting agenda for the board of directors, preparing the annual general meeting of shareholders and providing professional advice and suggestions on relevant statutory regulations.
The Hong Kong company secretarial services provided by China Australia Accounting are committed to reducing the troubles and doubts that clients may have when facing relevant laws and assessing whether the company's strategy complies with relevant laws. At the same time, we also convey the latest company laws and analyze the impact on the company.
Our services include:
- Prepare and maintain statutory records, such as shareholder register, director register, etc.
- Arrange and attend directors and shareholders meetings and be responsible for preparing meeting minutes
- Preparation and submission of statutory documents, including annual returns
- Preparing and submitting business registration application
- Assistance in opening a bank account
- Assistance in applying for a Hong Kong work visa
- Application for Company Deregistration and Suspension of Activities
- Provide advice on company liquidation and bankruptcy
Bank account opening services
As one of the global financial centers, Hong Kong attracts many investors to invest in Hong Kong and open Hong Kong bank accounts. However, each bank has different requirements for account opening and the information required to be provided. Corporate directors often need to make another appointment to go to the bank for consultation due to incomplete information or lack of understanding of the account opening procedures, which often wastes the precious time of management.
China and Australia Accounting has established a good cooperative relationship with various international banks in Hong Kong. We have set up a special Hong Kong bank account opening service. According to the actual situation of the enterprise, we arrange for the enterprise to open an account in various international banks in Hong Kong, and assist in making bank reservations and preparing relevant documents required for bank account opening, such as: accountant's certification documents (certified by a Hong Kong certified public accountant), business certificates, directors' statements, board meeting minutes, etc.
Advantages of Hong Kong Accounts
- No foreign exchange controls, funds can be freely transferred
- Facilitate payment settlement for international trade
- Interest tax exemption, higher actual deposit returns
- All currencies are freely convertible
- Daily account operations are simple and easy, and online banking can be opened for transactions
- Facilitates trade financing from international banks
Required Information
- Company registration information, such as company registration certificate, business registration certificate, articles of association, incorporation form or annual return, etc.
- Shareholders, directors and signatories’ identity documents and address documents from the last three months
- Business certification documents, such as orders, sales invoices, contracts, bills of lading, etc.
- Affiliated company registration information
- Personal and related company bank statements for the last 3 months
- Visa or MasterCard
Account opening method
- In-person account opening: The company director personally goes to a Hong Kong bank to open an account. Generally, the signature documents required for account opening can be completed on the same day, and it is expected to be completed within 20 working days (subject to the bank's approval time)
- Video account opening: The company director personally visits the mainland China branch of a Hong Kong bank to witness the account opening, which takes about 30 working days (subject to the bank's approval time)
Account opening process
- Submit account application
- Approval by the Bank’s Due Diligence Investigation Department
- Due diligence passed, final account number issued
- Mail out cheque book
- Send online banking passwords
- Confirm online banking password activation
- First time online banking login service
- Send or collect ATM card and password
- Deposit start-up funds
