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class="entry-content"><div data-vc-full-width="true" data-vc-full-width-init="false" data-vc-parallax="1.5" data-vc-parallax-image="https://link-procpa.com/wp-content/uploads/2018/04/slider4.jpg" class="vc_row wpb_row vc_row-fluid page_title themesflat_1524450821 vc_row-has-fill vc_general vc_parallax vc_parallax-content-moving"><div class="row_overlay" style=""></div><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner "><div class="wpb_wrapper"><div class="wpb_text_column wpb_content_element " ><div class="wpb_wrapper"><p>Company Compliance FAQ</p></div></div></div></div></div></div><div class="vc_row-full-width vc_clearfix"></div><div class="vc_row wpb_row vc_row-fluid themesflat_1743746875"><div class="row_overlay" style=""></div><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner "><div class="wpb_wrapper"><div class="wpb_text_column wpb_content_element " ><div class="wpb_wrapper"><div class="themesflat-faq-shortcodes grid one-half style-2 "><div class="item"><div class="item-inner"><h2 class="faq-title">Annual Compliance Requirements, what you need to know on your company anniversary.</h2><div class="entry-content">There are Annual Compliance Requirements established by the Hong Kong Companies Ordinance and Company Registry:<br /> <br /> The Company Registry ("CR") is the government registry to keep track of your company, ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/annual-compliance-requirements-what-you-need-to-know-on-your-company-anniversary/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Can I relocate to Hong Kong after I set up a Hong Kong Company?</h2><div class="entry-content">Foreign entrepreneurs wanting to relocate to run their companies must apply for what is called “Investment Visa”. The application procedure for Investment Visa is comparable with that of Employment Visa under the General Employability Policy, with one exception that Investment Visa is intended for company owners. ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/can-i-relocate-to-hong-kong-after-i-set-up-a-hong-kong-company/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Minimum requirements to set up a company in Hong Kong.</h2><div class="entry-content"><ul><br /><li>A limited company in Hong Kong will require at least one local or foreign <strong>director</strong>. ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/minimum-requirements-to-set-up-a-company-in-hong-kong/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></li></ul></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Is foreign income taxable in Hong Kong?</h2><div class="entry-content">Foreign income is not taxable in Hong Kong. Hong Kong Companies are taxed on territorial basis, which means the companies are taxed solely on income generated or accrued from Hong Kong.</div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Can foreign individual or foreign company become the sole shareholder?</h2><div class="entry-content">Yes, there is no restriction about it.</div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">My company was dormant in the last financial year, what is my obligation regarding audited accounts filling?</h2><div class="entry-content">The term "dormant" applies to ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/my-company-was-dormant-in-the-last-financial-year-what-is-my-obligation-regarding-audited-accounts-filling/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Does director or shareholder have to attend the incorporation of the company?</h2><div class="entry-content">Not necessarily. With our service, the whole incorporation process can be completed online.<br /> <br /> However, if you would like to open ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/does-director-or-shareholder-have-to-attend-the-incorporation-of-the-company/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Is it possible to change the name of private limited company after incorporation?</h2><div class="entry-content">Yes anytime, by passing a "Notification of Change of Company Name" and must be filed with the Companies Registry within 15 days after the passing. Once the new name is approved, a “Certificate of Change of Name” will be issued.</div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">How to de-register (close) Hong Kong private limited company?</h2><div class="entry-content">It is important to de-register your company when you no longer need it, as the company has annual due diligences which need to be complied to. ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/how-to-de-register-close-hong-kong-private-limited-company/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">How much does it cost to set up a private limited company in Hong Kong?</h2><div class="entry-content"><ul><li><strong>The Incorporation Fee of HK$1,720</strong><br>This is one-time fee charged by government to incorporate a limited company. ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/how-much-does-it-cost-to-set-up-a-private-limited-company-in-hong-kong/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></li></ul></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">What documents are needed to incorporate a limited company in Hong Kong?</h2><div class="entry-content">To incorporate limited company in Hong Kong, you will need to provide the following: ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/what-documents-are-needed-to-incorporate-a-limited-company-in-hong-kong/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Why is a Company Secretary needed?</h2><div class="entry-content">Hong Kong law requires every private limited company to assign a company secretary, which will become the primary in-charge of various administrative and reporting legal compliances. ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/why-is-a-company-secretary-needed/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">Annual legal requirements for a private limited company incorporated in Hong Kong.</h2><div class="entry-content"><ul><li><strong>Business Registration Certificate</strong><br /> Business Registration Certificate (BRC) is valid for either 1 or 3 years. For registered company, BRC renewal demand note will be sent by the Business Registration Office ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/annual-legal-requirements-for-a-private-limited-company-incorporated-in-hong-kong/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></li></ul></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">What is the minimum required share capital for private limited company in Hong Kong?</h2><div class="entry-content">There is no minimum required share capital, however the common practice is share capital of HK$10,000 represented by 10,000 shares of HK$1.00 each. The share capital can be increased at any point after incorporation. ...<div class="themesflat-button-container"><a class="themesflat-button themesflat-archive " href="https://link-procpa.com/faq/what-is-the-minimum-required-share-capital-for-private-limited-company-in-hong-kong/" rel="nofollow">Read More<i class="fa fa-angle-double-right"></i></a></div><div class="clearfixed"></div></div></div></div><div class="item"><div class="item-inner"><h2 class="faq-title">What is the requirement for the shareholder(s) of private limited company in Hong Kong?</h2><div class="entry-content"><ul><li>Private limited companies in Hong Kong are allowed to have 1 - 50 shareholders</li<li>There is no residency requirement for shareholder</li><li>Director and shareholder can either be same or different person</li><li>Shareholder can be a person (an individual) or a company (body corporate)</li><li>Shareholder must be at least 18 years</li><li>Shareholder can be of any nationality</li></ul></div></div></div><div></div></div></div></div></div></div></div><footer class="entry-footer"></footer></article></main></div><div id="secondary" class="widget-area" role="complementary"><div class="sidebar"><div id="search-2" class="widget widget_search"><h4 class="widget-title">Search</h4><form role="search" method="get" class="search-form" action="https://link-procpa.com/"> <label> <span class="screen-reader-text">Search for:</span> <input type="search" class="search-field" placeholder="Search …" value="" name="s" /> </label> <input type="submit" class="search-submit" value="Search" /></form></div><div id="recent-posts-2" class="widget widget_recent_entries"><h4 class="widget-title">Recent Post</h4><ul><li> <a href="https://link-procpa.com/stamp-duty-rate-increase-on-stock-transactions/">Stamp Duty Rate Increase on Stock Transactions</a></li><li> <a href="https://link-procpa.com/2021-2022-budget-speech-highlights/">2021-2022 Budget Speech Highlights</a></li><li> <a href="https://link-procpa.com/hong-kong-2020-policy-address/">Hong Kong 2020 Policy Address</a></li><li> <a href="https://link-procpa.com/cooperate-environmental-leadership-award/">Coporate Environmental Leadership Award</a></li><li> <a href="https://link-procpa.com/link-pro-console-feature/">Link-Pro Console Feature</a></li></ul></div></div></div></div></div></div></div> <div class="footer_background"><footer class="footer "><div class="container"><div class="row"><div class="col-md-3"><div id="media_image-2" class="widget widget_media_image"><a href="https://link-procpa.com/"><img width="250" height="60" src="https://link-procpa.com/wp-content/uploads/2025/03/footer-logo.png" class="image wp-image-25866 attachment-full size-full" alt="" style="max-width: 100%; height: auto;" decoding="async" /></a></div><div id="text-3" class="widget widget_text"><div class="textwidget"><p>Link-Pro CPA Limited is registered as Corporate Practice under section 20AAZR of the AFRCO for the corporate practice (as defined under section 2(1) of the AFRCO).</p><p>Ongoing practice and notification requirements The corporate practice is obligated to notify the AFRC for any changes as stipulated by the AFRCO. 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Name (required)<br /> <span class="wpcf7-form-control-wrap" data-name="name-req"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="name-req" /></span> </label></p><p><label> 2. Email (required)<br /> <span class="wpcf7-form-control-wrap" data-name="email"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email" aria-required="true" aria-invalid="false" value="" type="email" name="email" /></span> </label></p><p><label> 3. Phone Number<br /> <span class="wpcf7-form-control-wrap" data-name="phone-number"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-tel wpcf7-text wpcf7-validates-as-tel" aria-invalid="false" value="" type="tel" name="phone-number" /></span> </label></p><p><label> 4. Principal activities (主要業務) (required)<br /> <span class="wpcf7-form-control-wrap" data-name="principal-activities"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="principal-activities" /></span> </label></p><p><label> 5. Total turnover during the period 上述期間營業額 (HK$) (required)<br /> <span class="wpcf7-form-control-wrap" data-name="total-turnover-during-the-period"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="total-turnover-during-the-period" /></span> </label></p><p><label> 6. No. of sales during the period 上述期間售貨宗數 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-sales-during-the-period"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-sales-during-the-period" /></span> </label></p><p><label> 7. No. of purchases during the period 上述期間購貨宗數 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-purchases-during-the-period"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-purchases-during-the-period" /></span> </label></p><p><label> 8. Value of closing stocks at year end 年底存貨價值 (HK$) (required)<br /> <span class="wpcf7-form-control-wrap" data-name="value-of-closing-stocks-at-year-end"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="value-of-closing-stocks-at-year-end" /></span> </label></p><p><label> 9. No. of land and buildings/investment properties 公司物業數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-land-and-buildings-investment-properties"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-land-and-buildings-investment-properties" /></span> </label></p><p><label> 10. No. of motor vehicles 公司汽車數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-motor-vehicles"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-motor-vehicles" /></span> </label></p><p><label> 11. No. of valuable machineries / furniture 貴重機器及傢俱數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-valuable-machineries-furniture"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-valuable-machineries-furniture" /></span> </label></p><p><label> 12. No. of debtors as at balance sheet date 年結日有多少位「應收帳款」(required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-debtors-as-at-balance-sheet-date"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-debtors-as-at-balance-sheet-date" /></span> </label></p><p><label> 13. No. of creditors as at balance sheet date 年結日有多少位「應付帳款」 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-creditors-as-at-balance-sheet-date"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-creditors-as-at-balance-sheet-date" /></span> </label></p><p><label> 14. No. of subsidiaries and associates 子公司及聯營公司數目(required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-subsidiaries-and-associates"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-subsidiaries-and-associates" /></span> </label></p><p><label> 15. No. of representative offices / branches 辦事處及分行數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-representative-offices-branche"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-representative-offices-branche" /></span> </label></p><p><label> 16. No. of bank accounts 銀行戶口數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-bank-accounts"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-bank-accounts" /></span> </label></p><p><label> 17. No. of bank loans 銀行貸款數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-bank-loans"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-bank-loans" /></span> </label></p><p><label> 18. No. of hire purchase items 「分期付款」項目數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-hire-purchase-items"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-hire-purchase-items" /></span> </label></p><p><label> 19. No. of employees 員工數目「分期付款」項目數目 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-employees"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-employees" /></span> </label></p><p><label> 20. No. of commission payees / subcontractors 支付佣金/外判人數 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-commission-payees-subcontractors"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-commission-payees-subcontractors" /></span> </label></p><p><label> 21. No. of [1] shareholders and [2] directors [1] 股東及 [2] 董事人數 (required)<br /> <span class="wpcf7-form-control-wrap" data-name="no-of-shareholders-and-directors"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" aria-required="true" aria-invalid="false" value="" type="text" name="no-of-shareholders-and-directors" /></span> </label></p><p><label> 22. 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