Jurisdiction Comparison Chart
HongKong
BVI
- General Information
- Stability of Jurisdiction
- Good
- Good
- Legal System
- Common Law
- Common Law
- Type of Company
- Limited
- BC
- Company Information
- Bearer Share
- No
- Custodian
- Standard Authorised Capital / Shares
- HK$10,000
- 50,000 Shares(a)
- Chinese Name Permitted
- Yes
- Yes(f)
- Official Bilingual M&A
- No
- Yes
- Local Requirements
- Minimum Number of Shareholders
- 1
- 1
- Minimum Number of Directors
- 1
- 1
- Company Secretary
- Yes(h)
- Optional
- President & Treasurer
- Optional
- Optional
- Beneficial Owners
- No
- No(b)
- Public Filings
- Shareholders
- Yes
- Optional
- Directors
- Yes
- Optional
- Company Secretary
- Yes
- N/A
- Other
- Registered Agent / Resident Agent
- No
- Yes
- Registered Office
- Yes
- Yes
- Annual Return / Accounts Filing
- Yes
- No
- Corporate Tax
- 17.5%(d)
- Nil
- Change of Domicile Permitted
- No
- Yes
- Shelf Companies Available
- Yes
- Yes
Other jurisdictions can be provided upon request.
Notes:
- (a) 50,000 shares of US$1 or No Par Value
- (b) Disclosed to Registered Agent / Resident Agent, NOT publicly accessible record
- (c) Disclosed to Government, NOT publicly accessible record
- (d) Only on onshore profits, NO tax on offshore profits
- (e) Tax based on worldwide taxable income (can be reduced or avoided when used with Double Tax Avoidance Agreements)
- (f) Must accompany an English name
- (g) Must be natural persons; corporate entity not permissible
- (h) Resident company secretary required
- (p) It is optional to appoint these officers but if any of these officers is appointed, a register of the same has to be filed with the Companies Registry. However, it is not for public search.
