Incorporation of a Limited Company in Hong Kong (Hong Kong Limited Company)
1.
What is a Hong Kong Company LTD?
A
Limited Company in Hong Kong is a company limited by shares, which must have at
least one shareholder and one director (may be the same person), this
distinction between shareholder and director is given in its functions, since
the shareholder is the owner of the company, while the director is its general
manager, but the same person can be both shareholder and director, if
applicable. The company must have a registered company in Hong Kong and in
turn, must have the figure of a Corporate Secretary who must be a person or a
company resident in Hong Kong and is responsible for maintaining the legal
obligations of the company in order. Options to have your own Limited Company
in Hong Kong.
In Hong Kong there
are two alternatives to have a limited company:
Buy
an existing company within the list of companies available for sale (buy a
shelf company). Thus, the process to have your own company in Hong Kong takes
three (3) business days once you provide us with the required information
(request the list with the names of the companies available).
This
modality has the great advantage of speed, since it takes three (3) business
days to have a company of your property ready to do business. If you wish to
change the name of the company or any of its characteristics, you can later use
the corporate secretarial services for such purposes.
Create
a new limited company, using the name you wish to have. Thus, the registration
procedure of the company takes approximately seven (7) working days, after
having supplied the necessary documents and information.
Advantages
of setting up sole proprietorship in
honkong :
- Easy opening and closing
- Minimum incorporation and maintenance costs
- Few maintenance requirements
- Possibility of application to work visas for foreigners
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