The first thing you need to do is prepare all the necessary documents. Here is a checklist for you to go through:
- Articles of Association
- Form NNC1 (Application for Incorporation of a Company)
- Identification documents of directors and shareholders (such as passports or Hong Kong ID cards)
- Proof of registered off address (such as a tenancy agreement or utility bill)
- Form IRBR1 (Business Registration Application Form)
Once you have all these documents ready, you can file them yourself or via your corporate services provider. You will need to wait for the Company’s Registry to approve the incorporation.
The minimum share capital requirement for a company registered in Hong Kong is HK$1, but you can set it at any amount you wish. Speaking about director, it is mandatory to have at least one director (an individual who is a resident of Hong Kong).
It’s not required to open a bank account in Hong Kong, but it is strongly advised to enjoy all the benefits. The bank will require documents, such as the Certificate of Incorporation, Articles of Association, identification documents of directors and shareholders, and proof of business activities to open your account.
Instead of conclusion
As a summary, here is the full step-by-step process and comprehensive checklist for company formation in Hong Kong:
- Choose a name for the company and conduct a name search on the Companies Registry website
- Appoint at least one director and one shareholder and obtain consent and relevant documents from them
- Provide a local registered address in Hong Kong
- Appoint a qualified company secretary
- Prepare all documents and submit them to the Companies Registry
- Receive Certificate of Incorporation
- Don’t forget about post-incorporation matters:
- Open a bank account
- Obtain any required business licenses and permits
- Set up the company’s accounting and financial systems
Still have questions? Book a call with YouReg Manager now and ask all your questions about company registration in Hong Kong during a free consultation!
