Hong Kong Company Easy Guide

Top 5 Q&A You Should Know for Hong Kong Company:

1/ Why I should setup Hong Kong company?

Low Tax, Easy Administration, Low Maintenance Costs, and Banks Friendly.

2/ Can non-Hong Kong citizen incorporate a Hong Kong company?

Yes, there is no nationality restriction and Hong Kong company can be set up by One person.

3/ How long it takes for HK business registration?

One (1) working day applies by E-Registration. If Paper-form Registration, it takes 4 - 7 working days.

4/ What is the annual maintenance requirement?

Renewal of Business Registration, and Filing Annual Return.

5/ How about the accounting requirement?

Audit is only required yearly and you may prepare the accounting statements by your own.

If you would like to know further details, please send us email at info@rbcs.com.hk or whatapps us at +852 6061 7361.

Hong Kong New Inspection Regime will commence on 24 October 2022

Phase 2 of the New Inspection Regime of the Companies Register under the Companies Ordinance (Cap. 622) will commence on 24 October 2022 (“the Commencement Date”).

Starting from the Commencement Date, sensitive personal information (i.e. usual residential address and full identification numbers) on the Index of Directors on the Companies Register and newly delivered documents will be protected. The Registry has revised 26 specified forms which pertain to the reporting of the above sensitive personal information for use starting from the Commencement Date.

The upcoming Phase 3 would become effective from 27 December 2023. Data subjects could apply to the Registry for protecting from public inspection their Protected Information contained in documents registered with the Registry before commencement of Phase 2 (Withheld Information), and replace such information with their correspondence addresses and partial IDNs. Only 'Specified persons' could apply to the Registry for access to Withheld Information of directors and other persons.

RBCS welcome this partice in Hong Kong in order to protect the owners' privacy. If any assistance is required from Hong Kong, please do send an email to info@rbcs.com.hk .

Hong Kong Government Talking Easing Covid Hotel Quarantine

Starting 0.00am on 12 August 2022, inbound travellers will be subject to 3 nights of compulsory quarantine and 4 nights of medical surveillance (“3+4” arrangement) regardless of vaccination status.

During the compulsory quarantine period, unless with the permission of an authorized officer, the person shall confine himself/herself to the place of quarantine and are prohibited from leaving Hong Kong.

During the subsequent medical surveillance and self-monitoring period, the person is not barred from leaving Hong Kong. He/she must undergo testing(s) per relevant instructions if he/she is in Hong Kong on the specified day(s) for compulsory testing.

Hopefully the inbound Hotel Quarantine would be further eased in November 2022.