Hong Kong and BVI Company Features Compared

Hong Kong BVI
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 Authorized 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/License Fee HKD2,250 USD350
Annual Return Filing Fee HKD105 N/A
Value Added Tax (VAT)/GST No No
Income Tax 16.5% Nil
Withholding Tax (on repatriation of profits out of China) 5% 10%