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INCORPORATION PACKAGES

 

INCORPORATION PACKAGES

INCORPORATION PACKAGES

SET UP YOUR COMPANY REMOTELY OR BY MEETING WITH US AT OUR OFFICE

We provide a range of competitively priced all inclusive company incorporation packages to help you quickly set up your company without any surprises or hidden costs.

 

PACKAGE INCLUDES COMPANY SECRETARIAL PACKAGE  USD650 BUSINESS ADDRESS PACKAGE  USD950 VIRTUAL OFFICE PACKAGE  USD1,550
Advice on how to incorporate a company in Hong Kong including guidance on the incorporation process and the ongoing compliance requirements.
Name search to check the availability of your company name and preparation of the company incorporation documents for your signature.
Payment of the Hong Kong Government company incorporation fee and the first year’s business registration fee.
Provision of the company kit including 10 copies of our standard Articles of Association, share certificates, minute book, register of shareholders and directors, company seal and company stamp.
Provision of one set of certified true copies of the company registration documents required for opening a bank account in Hong Kong.
Complimentary help with opening your bank account including guidance on the right choice of bank for your business and advice on the account opening requirements.
Complimentary provision of a Company Secretary for one year including filing of “Form NAR1 – Annual Return” (Hong Kong company law requires all companies to appoint a Hong Kong resident Company Secretary who is responsible for the maintenance of the company’s statutory records).
Complimentary preparation of the Significant Controllers Register and provision of a designated representative to liaise with the Hong Kong authorities for one year.
Complimentary provision of a Hong Kong Registered Office address for one year for receipt of mail from the Hong Kong Government such as government notices and tax returns.
Use of our office address for receipt of your business mail for one year… mail can be collected at any time during office hours or will be forwarded to you monthly by air mail if you live overseas.
Provision of a dedicated telephone number for your company and telephone answering service for one year… messages will be forwarded to you by email.
OUR FEE USD650 USD950 USD1,550
PACKAGE INCLUDES COMPANY SECRETARIAL PACKAGE USD650 BUSINESS ADDRESS PACKAGE USD950 VIRTUAL OFFICE PACKAGE USD1,550
Advice on how to incorporate a company in Hong Kong including guidance on the incorporation process and the ongoing compliance  requirements.
Name search to check the availability of your company name and preparation of the company incorporation documents for your signature.
Payment of the Hong Kong Government company incorporation fee and the first year’s business registration fee.
Provision of the company kit including 10 copies of our standard Articles of Association, share certificates, minute book, register of shareholders and directors, company seal and company stamp.
Provision of one set of certified true copies of the company registration documents required for opening a bank account in Hong Kong.
Complimentary help with opening your bank account including guidance on the right choice of bank for your business and advice on the account opening requirements.
Complimentary provision of a Company Secretary for one year including filing of “Form NAR1 – Annual Return” (Hong Kong company law requires all companies to appoint a Hong Kong resident Company Secretary who is responsible for the maintenance of the company’s statutory records).
Complimentary preparation of the Significant Controllers Register and provision of a designated representative to liaise with the Hong Kong authorities for one year.
Complimentary provision of a Hong Kong Registered Office address for one year for receipt of mail from the Hong Kong Government such as government notices and tax returns.
Use of our office address for receipt of your business mail for one year… mail can be collected at any time during office hours or will be forward to you monthly by air mail if you live overseas.
Provision of a dedicated telephone number for your company and telephone answering service for one year… messages will be forwarded to you by email.
OUR FEE USD650 USD950 USD1,550

Please be reminded our package fees include free advice on setting up your company, all government fees, complimentary company secretarial and registered office services for the first year plus we help you to open your bank account….. everything you need to start your business.

We have more than 30 years experience helping entrepreneurs to incorporate companies in Hong Kong and would be pleased to help you set up your company. If you have questions about incorporating your company or our incorporation packages please email us at info@acshk.com or contact us by using the enquiry form at the bottom of the page and we will be pleased to advise you.

 

WHAT’S THE PROCESS?

The standard incorporation process is as follows:

Step 1 – when you are ready to set up your company please take 5 minutes to complete our ONLINE INCORPORATION FORM by providing your intended company name, select your incorporation package, provide brief details of your company’s intended business activity and provide the name, passport details and address of each shareholder and director.

Step 2 – we will check the availability of your company name, clarify any issues with you and provide our bank account details for your payment.

Step 3 – we will prepare your company incorporation documents for your signature within 2 hours of receipt of your payment. You can either visit our office to sign your company incorporation documents or we can email the documents to you for your signature and return to ourselves. Please note you must return the original signed incorporation documents to ourselves as scanned copies of the signed documents or electronically signed documents are not accepted by the Companies Registry.

Step 4 – we will submit your signed incorporation documents to the Companies Registry and your company will be incorporated within 5 working days of submission.

 

IS THERE AN EXPRESS INCORPORATION SERVICE?

It is possible to incorporate your company within 24 hours by using the Hong Kong Government’s E-Registry Service however there is an additional cost of USD150 to use the E-Registry Service.

As a registered user of the E-Registry Service we will incorporate the company as the founder shareholder and transfer the founder share to yourself when the company is incorporated. You are not required to sign the incorporation documents to be submitted to the Companies Registry however you must sign the share transfer document to transfer the founder share to yourself. We will send the transfer document to you by email after your company is incorporated and you will need to return the original signed document to ourselves to submit to the Hong Kong authorities no later than 7 days after the date the company is incorporated.

The benefit of using the E-Registry Service is your company will exist within 24 hours of making your payment enabling you to apply to open a bank account and commence your business activities faster than if setting up your company by using the standard incorporation process.

 

WHAT ABOUT OPENING A BANK ACCOUNT?

All of our incorporation packages include complimentary help with opening a bank account for your company. We have relationships with a number of banks in Hong Kong and overseas and will be pleased to guide you on the choice of banks best suited to your company’s business activity.

There are 3 options to consider for your new company’s banking:

(1) Bank account in Hong Kong (apply online followed by a meeting with the bank in Hong Kong – accounts are usually opened within 4 weeks)

(2) FinTech account in Hong Kong (accounts opened online without any meeting – accounts are usually opened within 1 week)

(3) Bank account with an offshore bank (accounts opened online without any meeting – accounts are usually opened within 2 weeks)

You may find details of the account opening process by clicking on the links above. Please note the timescales indicated above are from the date of submission of the account opening application which can only be done after your company has been incorporated as copies of your new company’s registration documents must be uploaded to the banks website when applying to open an account.

We also suggest to read our guide to the account opening requirements for details of the information and documents you will need to provide to the bank or FinTech company when opening an account.

 

OTHER IMPORTANT DETAILS

(1) All Hong Kong companies are required by Hong Kong law to appoint a Hong Kong resident company secretary who is responsible for the maintenance of the company’s statutory records and the company’s filings at the Companies Registry. Hong Kong law also requires every company must have a registered office address in Hong Kong for receipt of Government notices and mail. All our incorporation packages are provided on the basis that we are appointed company secretary and provide the registered office address enabling your company to comply with these legal requirements. 

(2) As a licensed company secretary we are required by Hong Kong’s Anti-Money Laundering regulations to verify the identity and residential address of each shareholder and each director of the new company prior to incorporating the company. To enable us to comply with this requirement each shareholder and each director must provide a copy of their passport and a copy of a utility bill or bank statement dated within the last 60 days showing their current residential address. 

(3) Our incorporation packages include a complimentary consultation to include advice on the choice of bank for your new company based upon the intended activity of your company. We will provide details of the account opening process and outline the information you will need to provide to the bank. We will provide a link to the banks website for you to complete your online account opening application which will require you to provide details of your company’s intended business activities, provide your personal details and details of your business experience, upload a copy of your passport and upload a copy of your new company registration documents. Our package fees do not include a review of your account opening application or your supporting documents prior to submission to the bank although this service can be provided for an additional charge. We cannot attend your meeting with the bank and we cannot communicate with the bank on your behalf as banks will only meet and liaise with the company owners and directors. The decision whether to open a bank account for your company is the banks commercial decision and cannot be influenced by ourselves. Whilst we will propose banks we believe will provide banking services to your company we can accept no responsibility or any claim for any loss should any bank we introduce delay or decline to open an account.

(4) Our incorporation packages include one set of certified true copies of the company registration documents (to include the Certificate of Incorporation, Business Registration Certificate, Articles of Association, Form NNC1, Company Particulars Search and the Directors Declaration) required by the banks in order to open a bank account.

(5) Our incorporation packages include the incorporation of a company with up to two shareholders and up to two directors. If the company has more than two shareholders or more than two directors an additional fee of USD150 per each additional shareholder or director will be added to the first year package fee to cover the cost of preparing documents for the additional shareholder and director. If the shareholder of the new company is a company an additional fee of USD150 will be added to the first year package fee to cover the review of the corporate documents of the shareholder.

(6) Our incorporation packages include the preparation and filing of the “Form NAR1 – Annual Return” due for filing at the Companies Registry no later than 42 days after the anniversary of the incorporation date. This is subject to us being retained as the Company Secretary on the anniversary of the incorporation date.

(7) Our incorporation packages do not include any advice or assistance with completion of FATCA and / or CRS documentation.

(8) Our incorporation packages do not include disbursements such as courier charges and postage. A refundable security deposit of USD150 will be held by ourselves to cover future disbursements or any fines that may be levied against your company. The deposit is refundable (net of any disbursements or fines) in the event our services are no longer required.

(9) Our incorporation packages do not include accounting and tax filing services however these services can be provided for an additional fee based upon the number of transactions entered into by your company and whether the supporting records are complete and properly organised. We will quote our fee following a review of your company’s accounting records at the end of the accounting year. We can also provide an estimated fee if you can provide an estimate of your company’s transactions each year. 

(10) The renewal fees for the annual services provided in our incorporation packages are Company Secretarial Package – USD595 per year, Business Address Package – USD895 per year and Virtual Office Package – USD1,495 per year payable from the 2nd year. Our renewal fees exclude the Hong Kong Government business registration fee and disbursements such as courier charges, photocopying and filing fees.

(11) Our services will commence upon receipt of full payment in advance. Fees are non-refundable under any circumstance once the provision of service has commenced. 

(12) The provision of services is governed by our standard Services Agreement. A copy is available on request.