Introduction

The Isle of Man has a long history as an independent state, with the world's oldest parliamentary system. It is a highly rated jurisdiction amongst professionals and is considered an excellent gateway into Europe for trading and holding companies. The Companies Act 2006 introduced a simpler and cheaper vehicle for international trading. Coupled with the introduction of zero corporation tax for all but banks and property developers the scene is set to offer unbeatable packages to attract international business

Benefits

  • Secure the privacy of personal details of the director and the shareholder with greatest confidentiality.
  • Political and economic stability.
  • 0% Income Tax rate for companies for the majority of activities.
  • The Isle of Man Registry is available online so documents can be viewed at anytime.
  • No Stamp Duty, Estate Duty or Capital Gain Tax.
  • Able to open a bank account in Hong Kong.
  • Not required to submit the company accounts annually.

Key Corporate Features

General Information
Political Stability Good
Type of Company Hybrid
Legal System Common Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 2
Registered Address Yes
Company Secretary Yes

Requirement

  • Company Name Requirement: Prior approval of names is required.
  • 2 Directors
  • 1 Shareholder (No restriction on the nationality; Shareholder can also be appointed as Director)
  • 1 Company Secretary
  • Standard issued Share Capital is USD10,000

Setup Procedure

Ready-made list for Ready-made Company Tailor-made Company (3 intended names in order of preference)
Provide Due Diligence documents of the shareholders and the directors passport or I.D Card, utility bill and registered proportion of shares
Arrange all shareholders and directors to sign the documents
To set up a Ready-made company within 30 working days To set up a Tailor-made company within 30 working days
Company incorporation completed with a document box which includes Certificate of Incorporation, M&A and Share Certificates, etc.

Company Maintenance

  • Renewal fee should be paid annually to ensure the legal status of the company
  • The anniversary date of company registration
  • If issued Capital is increased, additional annual license fee is required

Service Fee

Incorporation Fee HKD28,000
Incorporation documents
Provision of Registered Agent for a year
Obtaining a Certificate of Incumbency from the registered agent for opening bank accounts
Box set
Disbursements - Local transport, courier and miscellaneous HKD500
Arrange and provide a set of certified corporate documents for opening a Bank Account HKD2,000
Obtaining a Certificate of Good Standing from the registered agent for opening bank accounts
Renewal Fee HKD
Government Fee - Annual Return Filing Fee GBP360

Contact Us

  • Address Unit 502, 5/F, Beverley Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
  • Tel (852) 2375 3733
  • Fax (852) 2375 2292
  • E-mail info@inchk.com
Contact Us