FEW BASIC REQUIREMENTS AND FACTS FOR SETTING UP a Business in HONG KONG
- Company name – The company name referred must be approved before you can proceed with the incorporation of a Hong Kong company accordingly.
- Companies Ordinance – With the important amendment, effective 1st March 2018, every company that is incorporated in Hong Kong, except for a few those listed in the Hong Kong Stock Exchange (HKSE) process, will be best required to create and maintain a register of all persons who have significant control of the company.
- Directors – A minimum of one among a few individual directors and an unlimited maximum number of directors are completely allowed. The director must be a natural free person who can be of any nationality (no discrimination) and need not be an exact resident in Hong Kong. Directors must be at least 18 years of age respectively and must not be bankrupt or convicted for any malpractices or caught in any offense.
- Shareholders – A best Hong Kong private limited company can have a minimum of 1 or a maximum of 50 shareholders respectively. There is no residency requirement for shareholders. A director and shareholder can be a common person. The shareholder must be at least 18 years of age respectively (any nationality).
- Company Secretary – When setting up the best company in Hong Kong, appointing a company secretary is a mandatory rule. The secretary must reside in Hong Kong country and have his/her own registered office or a place of business in Hong Kong country.
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