a minimum of one Director, the director may be a resident anywhere,

 a minimum of one Shareholder, the shareholder may be a resident anywhere,

 a Company Secretary, he (or she) must be a resident in Hong Kong,

 a minimum of HK$1.00 for issued capital,

 a Registered Office (not a Post Office Box) located in Hong Kong.

 When client requires, we provide item nos. 3 and 5. Please see 'Our Services' for more details.

Each Hong Kong company must maintain books of account which must be audited by a locally registered auditor annually. Even the company is completely inactive, or only carries out business outside Hong Kong, annual audit of the books of account is still required. All the company's transactions, including those carried out outside Hong Kong, are to be recorded in the books of account. Audited accounts will be submitted to the tax authority together with a Profits Tax Return issued by the tax authority.

An Annual Return is a prescribed form showing the company details, such as names and addresses of directors and shareholders, shareholding, etc. It must be filed within 42 days of the Company's anniversary of incorporation.

Penalties are imposed on late filing of the foregoing documents.