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Hong Kong company's equity conversion

1. Information required by the customer:
-Basic company information: Original and photocopy of the company registration certificate (CI) and business registration certificate (BR).
-Equity Transfer Agreement: An equity transfer agreement signed by both the buyer and seller, specifying the number, price, and terms of the transferred shares.
-Proof of identity of directors and shareholders: copies of valid ID cards or passports of the transferor and transferee.
-Revised version of the company's articles of association (if applicable): If a change in equity results in a modification of the articles of association, a revised document must be provided.
-Update of shareholder register: Original copy of the latest shareholder register of the company (stamped with the company seal).
-Tax Form: Completed Hong Kong Inland Revenue Department IRSD Form (Stamp Duty Declaration Document).

2. Our service content:
-One stop agency: handle the entire process of drafting conversion documents, government declarations, and stamp duty payments.
-Protocol drafting: Assist in drafting equity transfer agreements to ensure that the terms are legal and compliant.
-Stamp duty declaration: Fill in the IRSD form on behalf of the buyer and calculate the stamp duty payable (tax rate of 0.2%, jointly borne by the buyer and seller).
-Government procedures: Submit a conversion notice (Form NSC1) and update the shareholder register to the company registry.
-Follow up services: Assist in updating business registration certificates, bank accounts, and company legal records.

3. Detailed explanation of the conversion process:
-Evaluation and signing: Confirm the conversion plan and sign a service agreement.
-Signing documents: Both the buyer and seller sign the equity transfer agreement (1-2 working days).
-Stamp duty declaration: Submit the IRSD form to the tax bureau and pay the tax (1-3 working days).
-Government filing: Submit the conversion documents to the company registration office (approval takes about 5-7 working days).
-Complete the conversion: update the shareholder register and company registration certificate, and the process is completed.

4. Important precautions:
-Legal compliance: Equity transfer must comply with the provisions of the Company Regulations and the company's articles of association (such as shareholder preemptive rights clauses).
-Tax liability: Failure to pay stamp duty on time will result in a fine (up to 10 times the tax amount).
-Validity of documents: The transfer agreement must be in written form, and oral agreements are invalid.
-Information update: After the conversion, relevant parties such as banks and suppliers need to be notified synchronously to avoid business interruption.

Why choose us:
-Our professional team is proficient in Hong Kong equity transfer laws and tax requirements.
-Efficient processing: Complete the conversion procedures within 5 working days at the fastest.
-Full process transparency: Real time tracking of progress to ensure the legality and timeliness of documents.

reminder:
The transfer of equity may affect the company's control and tax planning. It is recommended to seek professional advice in advance. After the conversion is completed, please keep the complete agreement and government receipt for at least 7 years for future reference.

If you need to handle or consult specific procedures, please feel free to contact our professional team at any time!
Phone: XXX-XXXXX-XXXX | Email: XXX@XXX.com  

Assist enterprises in efficient transformation and protect your business rights!

Note: The above content is organized according to the current regulations in Hong Kong, and specific operations are subject to actual business and the latest government regulations.