Private Limited Company

Most common incorporation in Hong Kong is Private Limited Company (“PLC”), regulated by the Companies Ordinance. As above, taxes are exempted for genuine offshore transactions.

Key Features

Factor	Status	Remarks
Tax	Not Applicable	Tax exempt on offshore transactions.
Local Registered Agent / Office	Required	Every Hong Kong PL must have a Registered Office in Hong Kong with physical address, no PO Box.
Authorized Share Capital	Not Restricted	The concept of authorised share capital was abolished effective March 2014 and the minimum number of issued share is 1.
Double-Tax Avoidance Treaty	Numerous	Hong Kong has comprehensive double tax agreements with Austria, Belgium, Brunei, Czech Republic, France, Hungary, Indonesia, Ireland, Japan, Liechtenstein, Luxembourg, Malaysia, Malta, Netherlands, New Zealand, Portugal, Switzerland, Spain, Thailand, United Kingdom, Vietnam and the Mainland China respectively to relieve taxation on income, for instance, dividends, interest income and royalties.
Keeping of Corporate Books, Records, and Registers	Required	Company records such as members' records, register of members, register of directors and register of debenture holders, other than accounting records, would require to be kept at least 10 years.
Annual General Meeting (AGM)	Not Required
Annual/Tax Return	Required
Shareholders	Minimum 1	Corporate entity allowed.
Directors	Minimum 1	Corporate entity allowed. At least 1 natural person, can be of any nationality.
Secretary	Required	Must appoint a company secretary, who may be a natural person or corporate entity, but the company secretary must be resident or incorporated in Hong Kong.

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