STRUCTURE A private limited company must have at least: 1 Shareholder (natural person/ corporate/ HK resident/ non-HK resident); 1 Director (at least 1 natural person over 18 years old); a Company Secretary (must be a HK resident or HK company); and a Registered Office (must be based in HK) Any natural person or legal entity [...]
No. Since the new HK Companies Ordinance becoming effective on 3 March 2014, it is now optional for HK companies to adopt a common seal or not. A common seal is a bulky steel chop and was used mainly for chopping share certificates. Under the new HK Companies Ordinance (since 3 March 2014), directors' signatures [...]
Can a limited company be incorporated without the word "Limited Company" or "Limited" in its name? No. A Limited Company incorporated in Hong Kong shall have its name with the words "Limited Company" or "Limited" in order to indicate that shareholders shall bear limited liability for future obligation. Can simplified Chinese characters be used in [...]
Hong Kong Companies Ordinance (i.e. Hong Kong law) and the Articles of the Hong Kong company (i.e. the Constitution of the company, amendable by shareholders in a general meeting) govern how a Hong Kong should be operated and maintained. Since 3 March 2014, the Hong Kong Companies Ordinance has been modernized and revised significantly. The [...]
The concept of "authorised share capital" and "issued share capital" have been abolished since the new HK Companies Ordinance becoming effective on 3 March 2014. Instead, the share capital is "fully paid", "partly paid" or "unpaid". There is no requirement on the minimum amount of a company's paid-up capital under the Companies Ordinance. Although there [...]
The executive body of a company is its Board of Directors, responsible for the daily running of the company and implementing the decisions in board meetings or general meetings. Shareholders can appoint or remove directors in a general meeting subject to the Articles.