Hong Kong, China, BVI, Company formation, Incorporation, Company Secretary, Annual Maintenance, Bank Account Opening, Accounting, Taxation, Auditing, Audit, Business Registration, Fee Exemption, Compliance, Trading Support, Professional AccountantsÖÐÎÄ Chinese Simplified | English

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Hong Kong (HK)
 (852) 8102 2592
Shanghai
 (86 21) 5836 2605
 info@AsiaBS.com


F A Q > Hong Kong Companies




 Sell shares
  1. existing shareholder can source for interested person to buy his shares;
  2. can agree with buyer any price - can be different from face value of shares;
    • HK government charges stamp duty on the value of transfer
      - around HK$1 per HK$1,000 value;
    • below document is required:
      • if transfer at face value
        • give a letter to Stamp Duty Office to declare no business is started
          - so that share value is still same as face value;
      • if transfer at higher or lower than face value
        • give latest financial statement ( balance sheet ) - showing net asset value ( or value per share ) ;
          • if audited financial statement is available, please provide audit report;
          • if audit report is not available, please provide latest management report
  3. then, confirm to us what changes is required:
    • shareholder ?
    • director ?
    • bank a/c operator ? ( if bank a/c opened already )
  4. and please provide below information as well:
    • new shareholder information:
      • if a person
        • surname;
        • given name;
        • passport no.;
        • nationality;
        • residential address;
      • if a company
        • company name;
        • company registration no.;
        • registration address;
      • % of shareholding, or number of shares;
      • any preferred effective date;
      • whether shares are transferred at face value
        • if not, pls give a copy of share transfer agreement, and financial statement reflecting the net asset value of the shares;
    • new director information
      • pls confirm if any change in director is required;
    • bank a/c operation
      • pls confirm if any change in bank a/c operator is required;



 Close Company
  • business licence renewal is required according to anniversary date (the Certificate of Incorporation date);
  • For closing of HK company, there are mainly 2 methods:
    1. de-registration
      • there should be no outstanding amount and liability due to 3rd party ( such as debt, document filing duty to government etc. )
      • the fee is HK$2,000 ( including government fee );
      • takes several months for the process to complete;
      • annual licence renewal
        • as the process takes several months, client needs to pay annual licence renewal fee when it is close to due.
          Otherwise, HK government will consider there is unpaid government debt and not approving the de-registration;
      • result of de-registration
        • client still needs to keep existing company record for 5 years;
    2. winding up
      • can be started even there is outstanding amount due to 3rd party;
      • the fee starts from HK$40,000;
      • management account needs to be prepared in order to identify the company's financial status;
      • receiver will be appointed to take over the management power(usually appointing an accountant);
      • takes several months to complete;




 
 

Text only section

AsiaBS - Asia Business Service Limited

  • Professional qualified accountants - ACCA, HKICPA

  • in Hong Kong(HK), China, BVI and Offshore

  • providing services of

    • Company Formation (form company), Incorporation, Business start up for Limited and Unlimited company, Sole Proprietor, Partnership, Wholly Foreign Owned Enterprise, WFOE, Joint Venture, JV, Representative Office, RO

    • Bank account opening - in Hong Kong - HSBC, Hang Seng Bank etc,

    • Company secretary, Nominee shareholder, director, Annual maintenance, Accounting, Auditing, Taxation, Tax filing, Tax planning