| |
Hong Kong |
BVI |
| General |
| Type of Company |
Private Limited Company |
Business Company |
| Political Stability |
Good |
Good |
| Common or Civil Law |
Common |
Common |
| Disclosure of Beneficial Owner |
No |
No |
| Migration of Domicile Permitted |
No |
Yes |
| Tax on Offshore Profits |
No |
Nil |
| Corporate Requirements |
| Minimum Number of Shareholders |
One |
One |
| Minimum Number of Directors |
One |
One |
| Corporate Shareholders Allowed |
Yes |
Yes |
| Bearer Shares Allowed |
No |
No |
| Corporate Directors Permitted |
Yes |
Yes |
| Company Secretary Required |
Yes |
No |
| Standard Authorised Share Capital |
HKD10,000 |
50,000 shares |
| Local Requirements |
| Registered Office/Agent |
Yes |
Yes |
| Company Secretary |
Yes |
No |
| Local Directors |
No |
No |
| Local Meetings |
No |
No |
| Government Register of Directors |
Yes |
No |
| Government Register of Shareholders |
Yes |
No |
| Annual Requirements |
| Annual Return |
Yes |
No |
| Filing of Changes |
Yes |
Yes |
| Submit Audited Accounts |
Yes |
No |
| Tax Filing |
Yes |
No |
| Recurring Government Costs |
| Minimum Annual Tax/Licence Fee |
HKD2,250 |
USD350 |
| Annual Return Filing Fee |
HKD105 |
N/A |
| Taxes |
| Value Added Tax (VAT)/GST |
No |
No |
| Income Tax |
16.5% |
Nil |
| Withholding Tax (on repatriation of profits out of China) |
5% |
10% |
