Monday 25 June 2012

Hong Kong Updates- Companies Registry

Capital duty 
The Companies Registry has announced that capital duty on the share capital of Hong Kong companies is abolished with effect from 1st June. This means that Hong Kong companies may incorporate with higher share capital without incurring this duty. Previously, most private companies in Hong Kong have been incorporated with a standard share capital of HK$10,000, which attracted minimal capital duty.

Electronic form submission
The Companies Registry has uploaded the requisite form to allow electronic submission of annual returns of local private companies having a share capital. In addition, 6 further forms have now been digitalised to allow electronic submission, including those for returns of allotments, notification of increase in nominal share capital and those relating to reserve directors.

***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!
===================================================================
Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

No comments:

Post a Comment