Q1. What are the different types of business entities in Hong Kong?
The common types of business entities in Hong Kong are company limited by shares, partnerships and sole proprietorship.
Q2. How do I form and register a local limited company in Hong Kong?
There are two methods to register a local limited company in Hong Kong. Ready-made company There are lists of companies that have already been incorporated and the Certificate of Incorporation and Business Registration Certificate are available. It normally takes 2-3 to complete the procedure of the changes. (Please contact us to collect the lists of companies, if any) Tailor-made company If there is preference to the company name, amount of authorized capital, clauses of Memorandum and Articles of association, a company according to your requirement can be incorporated. It will take about 2-3 weeks to have the Certificate of Incorporation.
Q3. Is there any basic requirement on incorporation of limited company?
Yes. The requirement is listed as below: Authorized Capital: No maximum but at least 1 share of any value. Ready-made company has a standard authorized capital of HK$10,000 divided into 10,000 shares of HK$1.00 each. No. of Shareholders: At least 1 shareholder above 18 years old but not more than 50 persons. No. of Directors: At least 1 director above 18 years old. Company Secretary: Company Secretary must be a Hong Kong resident or a Hong Kong limited company. Registered Office: It must be a Hong Kong address (commercial or residential), Post Office Box number is not accepted.
