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Frequently Asked Questions
Non-payment of annual renewal fees will make the offshore company lose its status of good standing, the company will also incur severe late penalties and legal consequences.
At any time after the due-date of the Government fees, the Registrar of Companies is entitled to strike-off the company from the Registry for non-payment of fees, after giving the Company a 30-day notice.
Anybody can be setting up a private limited company in Hong Kong. Basic Hong Kong company formation requirements that includes the following:
- One director (individual)
- One shareholder (individual or corporate)
- One secretary company
- A registered office address in Hong Kong (PO box is not allowed).
Standing as your secretary company, One IBC® Group will provide a registered office address and secretarial services. We can also provide a nominee director and a nominee shareholder if needed to protect your privacy.
There is no prescribed minimum share capital. For practical purposes, this is not usually less than HK$10,000 or the equivalent in a foreign currency. There is a capital duty of 0.1% payable on the authorised share capital (subject to a cap of HK$ 30,000).
The minimum requirements for setting up a private limited company in Hong Kong is to have at least one shareholder and one director, who can be the same person.
Recently, incorporating a Singapore company is one of the most popular business options for sea changers. In addition, the Singaporean Government brings attractive tax incentives for startups and preferential policies which help them during their initial days.
However, the process of incorporating a Singapore company could be a burden for foreign business, as there are a few required documents that need to be filled and submitted to the Government. To shorten the process, foreign investors usually hire a corporate service provider to help incorporate a Singapore company for them. Registering for a company in Singapore is simpler than ever with the support of One IBC®. We have a local office in Singapore and a team of experts, these professionals can guide you through the procedure for the Singapore company registration, saving valuable time & money.
Here are required documents for incorporating a Singapore company:
- Director/Shareholder's Passport(s)
- Director/Shareholder's Residential Address Proof(s) (for example: Electricity/Water/Phone bill...not older than 03 months)