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(1) |
Non-Hong Kong Company Pre- & Post-Registration (a) Answer client’s questions/ queries in respect of the registration of a branch office in Hong Kong (b) Name availability check (c) Preparation of branch registration application documents (d) Payment of government fees for the incorporation and first year business registration (e) Collection of Certificate of Registration and Business Registration Certificate (valid for one year). |
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(2) |
Authorized Representative Service Kaizen acts as the named local Authorized Representative for your Non-Hong Kong company to comply with the filing requirements of the Companies Ordinance. (a) Companies Registry (CR) compliance alert & reminders (b) Preparation and filing of Annual Return |
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(3) |
Business Address Kaizen provides a Hong Kong street address as the business address for your Non-Hong Kong company. The address can be used for both the registration of your Hong Kong branch office and for receiving mails, notices, letters sent from the Government and other business letters. Mails will be processed with any one of the following two ways: (a) Kaizen will open, scan the paper mails received, and send the scanned copies to the client. The paper letters will be destroyed after one month from the date indicated in the email. (b) Kaizen will forward the received mails to the address designated by client once a month. Actual postage will be charged separately. Unless otherwise instructed, Kaizen will process mails with option (a). If mails are to be handled immediately upon receipt, an extra fee of USD10 per batch will be charged. |
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(4) |
Hong Kong Bank Account Kaizen will help your Non-Hong Kong company to open a corporate bank account with a leading international bank in Hong Kong, including preparation of certified registration documents as required by the bank, reviewing of bank account application documents prepared by the client and liaison with the bank in respect of the bank account application. Please note, the bank requires at least one director of the foreign company to visit their Hong Kong branch personally for the purpose of due diligence. It should also be emphasised that our role is limited to providing assistance and it is the sole discretion of the bank to decide whether to open the bank account or not. We do not assume any liability if the bank decides not to open the bank account. |
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(a) |
Our fee stated above is exclusive of delivery charge, if any. |
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(b) |
The fee quoted above includes the business registration fee for one-year validity period of business registration certificate. Client can choose to have the business registration certificate with a validity period of 3 years with the payment of the applicable fees between the two certificates. |
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(1) |
Name of Non-Hong Kong company must be same with the foreign company. If the name is already taken, it should adopt another name as its trading name; |
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(2) |
Must have a local resident or an accounting firm or lawyer appointed as its Authorized Representative; |
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(3) |
No capital requirements |
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(4) |
Must have a street address as its business address |
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(1) |
A set of registration document of foreign company, including Certificate of Incorporation, Memorandum and Articles of Association, Register of Shareholders and Directors, or documents of a similar nature. |
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(2) |
A copy of the latest audited financial statement or management accounts of the foreign company. |
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(3) |
One photocopy of passport (or identity card for Hong Kong resident) and residential addresses proof (such as utility bill or telephone bill) in respect of each shareholder and director of the foreign company; if shareholder is another corporation, a set of corporate documents of the corporate shareholder; |
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(4) |
One photocopy of Hong Kong identity card and residential addresses proof (such as utility bill or telephone bill) of the person to be appointed as the company secretary and designated representative; |
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(5) |
A group chart illustrating the relationship between the Non-Hong Kong company and its ultimate beneficiary owner in the case where the shareholder of the foreign company is another corporation. |
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(6) |
A duly completed and signed Non-Hong Kong Company Registration Form (to be provided by Kaizen); |
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Step |
Description |
Time (Day) |
|
1 |
Clients place an order for incorporation with Kaizen; Kaizen issues an invoice to client for settlement. |
Day 1 |
|
2 |
Client delivers the materials required, as listed in Section 4, to Kaizen by email and at the same time settles Kaizen’s invoice. |
Client’s schedule |
|
3 |
Kaizen arranges with client to have the identification documents of the shareholder(s) and director(s) of the foreign company certified by Kaizen or other attesting officers. |
Client’s schedule |
|
4 |
Kaizen performs name availability search and confirm with client whether the proposed company name(s) is/are available for registration or not |
1 |
|
5 |
Kaizen then prepares the registration documents and email them to client for signing |
1 |
|
6 |
Client signs or arrange to have the registration documents signed and returns the duly signed registration documents to Kaizen. |
Client’s schedule |
|
7 |
Kaizen delivers the duly signed incorporation documents to Companies Registry to apply for Certificate of Registration |
1 |
|
8 |
Hong Kong Companies Registry reviews the registration documents and if it finds them in order, issues a Certificate of Registration of Non-Hong Kong company (branch) |
7-14 |
|
9 |
Kaizen arranges to collect the Certificate of Registration and Business Registration Certificate, at the same time arrange making of company chops. |
2 |
|
10 |
Kaizen delivers all corporate documents to client. Branch office registration completed. |
1 |
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11 |
Kaizen prepares and delivers the bank account opening documents to the bank for preliminary review. |
1 |
|
12 |
If bank indicates the acceptance of application, Kaizen arranges with the bank officer for an interview and with client for signature verification (At least one of the directors of the foreign company and the authorised signatory are required to visit the bank to have an interview with the officer in person so as to enable the bank to perform their client due diligence requirements). |
1 |
|
13 |
Bank processes account opening application and upon approval, sends bank account materials to client. |
14-28 |
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Total: 28 days up |
||
|
Item |
Description |
Fees (USD) |
|
|
Annual Compliance Requirements with Fixed Fees |
|
|
1 |
Annual Return Statutory Filing Fee |
25 |
|
2 |
Business Registration Certificate renewal fee (Note 1) |
33 |
|
3 |
Provision of Hong Kong Authorized Representative (per annum) |
500 |
|
4 |
Provision of Registered Office (per annum) |
350 |
|
|
Subtotal: |
908 |
|
|
Annual Compliance Requirements with Variable Fees |
|
|
5 |
Updating books of accounts (per annum) |
300 up |
|
6 |
Tax computation and filing of profits tax return |
350 up |
|
7 |
Filing of Employer’s Return (Form 56A) |
80 |
|
8 |
Filing of Employer’s Return (Form 56B for each employee) |
80 |
|
|
Sub-total: |
730 |
|
|
TOTAL: |
1,638 up |
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