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Economy Package |
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 £ 660.00 | Annual Maintenance Fee £500.00 | | |
 This is one of our most popular packages with worldwide customers, and includes:
 The registration of your private company limited by shares in Hong Kong from scratch using our own registered office address, our local nominee secretary, and appoint your own candidates to the roles of directors, and shareholder;
The standard capital on formation is HK$10,000, this is divided into 10,000 ordinary shares valued at HK$1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a private limited company usually takes as little as seven to ten business days from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address in Hong Kong for 12 months is also included in the price of this package (our registered office address service is charged annually);
 The provision of a nominee secretary for 12 months as well is included in the price of this package (our nominee secretary service is charged annually);
The following hard bound copy of corporate documents, will be posted to you upon formation of your company: An original of the certificate of incorporation of your company (in English & Chinese);
Six hard bound copies of the memorandum and articles of association (both in English & Chinese);
A hard bound copy of the minutes of the first meeting of directors (in English only);
Share certificates, and your company register of directors, secretary and shareholders (in English only);
One rubber stamp & one plier seal of your company are moreover included into the price of this package.
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Premier Package |
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| £ 910.00 | Annual Maintenance Fee £750.00 | | |
This is the second one our most popular package with internatioal customers, and includes: The registration of your private company limited by shares in Hong Kong from scratch using our own registered office address, our local nominee secretary, our nomiee director; and appoint your own candidates to the roles of shareholders;
The standard capital on formation is HK$10,000, this is divided into 10,000 ordinary shares valued at HK$1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a private limited company usually takes as little as seven to ten business days from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address in Hong Kong for 12 months is included in the price of this package (our registered office address service is charged annually);
The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);
The provision of a nominee direcor for 12 months as well is included in the price of this package (our nominee director service is charged annually); The following hard bound copy of corporate documents, will be posted to you upon formation of your company: An original of the certificate of incorporation of your company (in English & Chinese);
Six hard bound copies of the memorandum and articles of association (both in English & Chinese);
A hard bound copy of the minutes of the first meeting of directors (in English only);
Share certificates, and your company register of directors, secretary and shareholders (in English only);
One rubber stamp & one plier seal of your company are moreover included into the price of this package;
The general power of attorney signed by a nominee director;
Pre-signed, undated resignation letter from a nominee director;
The agreement for the provision of nominee service and indemnification of nominee.
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Deluxe Package |
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| £ 1077.00 | Annual Maintenance Fee £917.00 | | |
This is our finest package with international customers, and includes: The registration of your private company limited by shares from scratch using our own registered office address, our local nominee secretary, our nomiee director, and a nominee shareholder;
The standard capital on formation is HK$10,000, this is divided into 10,000 ordinary shares valued at HK$1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a private limited company usually takes as little as seven to ten business days from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address in Hong Kong for 12 months is included in the price of this package (our registered office address service is charged annually);
The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);
The provision of a nominee direcor for 12 months as well is included in the price of this package (our nominee director service is charged annually);
The provision of a nominee shareholder for 12 months as well is included in the price of this package (our nominee shareholder service is charged annually); The following hard bound copy of corporate documents, will be posted to you upon formation of your company: An original of the certificate of incorporation of your company (in English & Chinese);
Six hard bound copies of the memorandum and articles of association (both in English & Chinese);
A hard bound copy of the minutes of the first meeting of directors (in English only);
Share certificates, and your company register of directors, secretary and shareholders (in English only);
One rubber stamp & one plier seal of your company are moreover included into the price of this package;
Pre-signed, undated letters of resignation from a nominee director and a nominee shareholder;
A general power of attorney signed by a nominee director;
A declaration of trust from a nominee shareholder;
An indemnity letter for the power of attorney;
A nominee agreement which provides for the indemnification of the nominees.
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(click here for other packages)
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- DEAR VISITORS, If you want to become familiar with the description and the contents of company formation packages, offered by our company and to find above, what kind of service is included in this or that formation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within foreign countries, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen.
Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We act as your agent in the incorporation of offshore companies. We are not able to guarantee that any such filing will be acceptable to Companies Registrar , nor are there any contractual obligation upon us to do so. If Companies Registrar rejects incorporation or other filing, we will credit your account with a full refund and the contract between us will be made void. Companies Registrar does not offer a cancellation facility for the incorporation of companies or the filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site (www.uk-companies-formations.co.uk) are in Great British pounds.
Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors.
Limited company, where the liability of its members is limited by shares, is the most widely adopted form of legal entity in Hong Kong. All the limited companies have to register with the Companies Registry, and have to obtain Business Registration Certificate within one month of commencement of operation. Limited companies incorporated in Hong Kong are regulated by the Companies Registry in Hong Kong. In accordance with the Companies Ordinance (Chapter 32), every limited company has to lodge its detailed particulars with Companies Registry for the public inspection.
All limited companies shall appoint a company secretary to implement and comply with provisions of the Companies Ordinance (Chapter 32). Any contravention to the Companies Ordinance may result in serious consequences.
Our company can incorporate private limited company in Hong Kong. The formation of which is by registration under the Companies Ordinance and must therefore comply a number of formalities.
Company has to furnish tax return with IRD every year. If a company cannot provide audited report and tax return within a stated period of time, IRD can assess the tax liability of the company by estimation. In order to avoid excess tax liabilities, directors should prepare the accounts of the company as soon as possible and hand to the auditor for preparation of audit report. A newly incorporated company can prepare its first audit report within 18 months of its incorporation. If you receive the tax return from IRD, you should inform us or your auditor at once.
A company's first AGM must be held within 18 months of incorporation. Unless the Registrar of Companies agrees in writing to an extension in a particular case, the period between annual general meetings must not exceed 15 months.
Every person carrying on a business or profession in Hong Kong is required to keep sufficient records in English or Chinese to enable the assessable profits of such business or profession to be readily ascertained. The penalty for failing to comply without reasonable excuse is at maximum HK$100,000.00
As your company formation agents, we can only act on information and instructions given to us. You should not assume that we have knowledge of any factual matters. All of the information contained on this web site is not meant to be advice, nor should it be followed. The information on this site pertains to U.K. law only and is offered as a public service. It is not intended to give legal advice about a specific legal problem, nor does it create an attorney-client relationship. We do not hold ourselves out as offering tax advice, although we do not hold ourselves out as experts in the laws of any foreign country.
If you order an offshore company we usually require to send us by fax, email (as attachments in PDF, GIF or JPEG format) or mail: copy of the passport (with photo, signature and personal data pages) of the beneficial owner of the company; copy of the passport (with photo, signature and personal data pages) of the individual who contacts us and places order with us if he is not the beneficial owner. Beneficial owner is the individual who benefits from ownership of a company regardless of who holds title.
In Hong Kong, company can be divided into "company limited by share", "company limited by guarantee", and "unlimited company".
Every company files a copy of its Memorandum and Articles of Association, or "M&A" with the Registrar of Companies upon incorporation. These documents can be extremely brief or very detailed, depends on the law in the particular jurisdiction and on the practices of the particular incorporation agent. These documents lay out all the general information about the company. Usually these documents describe the type of company, its address, operational objects, authorised capital, the procedure for appointing and dismissing directors and officers and their scope of competence and responsibility, the procedure of share allocation, how shareholder's meetings are called and the competence of such meetings and how it should be executed, the procedures of keeping accounts, liquidation and similar administrative matters that are characteristic to any corporate entity.
 Taxation.
Hong Kong is not an offshore center in the traditional sense of the word but rather a territory which offers a non-discriminatory low tax regime governed by the "territorial principle" under which only income arising in or derived from Hong Kong is taxable in the jurisdiction. As such its attraction lies not in the tight secrecy and minimal corporate disclosure and administrative requirements which characterize a number of offshore common-law island jurisdictions but rather in low tax rates, generous tax deductible allowances, a policy of only taxing income sourced from within the jurisdiction and the complete absence of capital gains taxes, withholding taxes, interest taxes, sales tax & VAT.
- Shareholders.
The minimum number of shareholders for Hong Kong private company is one. Coddan will provide Hong Kong (HK) nominee shareholders if requested. Declarations of Trust will be provided to the real owners providing beneficial ownership of company. There is no residency or nationality requirements.
- Authorised And Issued Share Capital.
Shares must be expressed in a fixed amount. "No par value" or "bearer" shares are not permitted. While it is usual for the share capital to be expressed in Hong Kong dollars, it can be expressed in any currency. A multiple currency share capital is also permissible. The amount of share capital must be stated together with the par value of the shares, e.g. ordinary (common), preferred, non-voting, voting, etc. Capitalization in currencies other than Hong Kong dollars is permitted. Unless otherwise instructed, we will organize the company with 10,000 ordinary shares of HK$1.00 each, of which 2 ordinary shares will be issued.
- Directors.
Minimum of one director must be appointed. A corporation is permitted to act as Director of a private company and there is no residency or nationality requirements. It is statutory requirement that a Company Secretary be appointed who, if a natural person - must be ordinarily resident in Hong Kong or if a corporate body, must have its registered office in Hong Kong.
- Reporting Requirements.
A company must apply for Business Registration within one month of incorporation and maintain its registration annually with the required fees. Renewal of the Business Registration Certificate will be requested around two months before expiry and a penalty will be levied in the event of late payment. When payment is long overdue the Inland Revenue will begin legal action against the company. Every company is required to appoint an auditor each year at its AGM. An auditor must be qualified by virtue of the Hong Kong Professional Accountants Ordinance and completely independent of the company. In case of private company, its audited accounts must be laid before its AGM not more than nine months from its financial year-end. The company must compile audited accounts annually who prepared by a registered Hong Kong auditor. The first audited accounts must be prepared up to date within 18 months after incorporation. Coddan is able to arrange for filing "Nil" Profits Tax Return and "Nil" Employers Return if the client's company has not commenced its business in Hong Kong.
- Restrictions On Name And Activity.
Names must end with one of the following words, or abbreviations thereof - "Limited", "Corporation", "Incorporated". The name can be in any language, but must be accompanied by a translation. The documentation will either be in English and Chinese. The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Imperial and Trust.
- Local Requirements.
Companies are required to maintain a registered office in Hong Kong and a notice of situation of registered office must be filed with the Registrar of Companies within 14 days from the date of incorporation. The original Certificate of Incorporation, Annual Business Registration Certificate, the Corporate Seal must be kept in the Registered Office.
- Secrecy.
There are no specific statutory provisions governing secrecy in relation to companies.
- Business Licensing.
The requirements for specialized licensing of businesses in Hong Kong vary from sector to sector and are administered by different government departments. Please visit the Business Licensing Information Services http://www.licence.tid.gov.hk online for a one-stop answer to your licensing enquiries.
 
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