In any case, if you or the transferor and the buyer can come to Hong Kong and sign the share transfer documents, everything can be done in 1 or 2 working days. In some cases, a special acceleration service is offered by Startupr and an additional acceleration service fee is charged. The total value of your business would be the net assets (assets minus liabilities) of the business at the time of the transfer of shares. This means for a company that transfers 100% of the shares to another shareholder and is worth HKD 500,000 at the time of the transfer of shares, then the stamp duty on the transfer of HKD $ shares would be $ 1,000. If the Hong Kong company is new and wants to change shareholders in Hong Kong, two situations can occur. One is where the company has started its activities since its launch, and the other may be if the company has not yet started the operation. 3. Submit the form and underlying shares to the company and wait for approval from the board of directors If, for example, a person who acquires shares of a company has debts, the Hong Kong company and its subsidiaries cannot reduce or alleviate the debt burden. To the extent that the aid is provided, the company is liable to penalties and fines.
There may be times when you want to change the structure of your company`s shares. either by adding new shareholders or by modifying the existing share of shares between shareholders, which is most often done by transfer of shares. A share transfer is the process of transferring existing shares from a person to existing shareholders or third parties, either by sale or donation, and is a usual exercise carried out by Hong Kong companies.