Responsibilities of Company Director
Among the responsibilities of the company director are:
- To act in a manner which is of most benefit to the company in question
- Use the powers bestowed upon the director to best serve the members of the company
- Avoid conflicts between the interests of the company and personal interests
- Use the information the property of the company in a legal and ethical manner, and many others
Company directors of Hong Kong companies are considered as the most significant figure in a company because they are the one who decide the future direction of the company and its business activities.
Who can be a Hong Kong company director?
In Hong Kong, a company director can be either a corporate director or an individual. According to Hong Kong’s company law, a company director does not have to be a Hong Konger. Anyone can be the company director as long as he/she is a natural person. Therefore, it can be clearly seen that it is legally permissible for a foreigner to serve as the director of a Hong Kong company based on this regulation.
In fact, many argue that it is lack of restrictions placed upon foreign company directors that have encouraged many people from all over the world to start a company in Hong Kong.
If you are one of the entrepreneurs or investors that would like to start a business in Hong Kong, Paul Hype Page & Co can help! We understand a great deal about the incorporation of a Hong Kong company and will therefore be able to serve your needs regarding the matter, whatever those needs may happen to be.
Requirement: Hong Kong Company Director
If you are not familiar with Hong Kong’s company laws, you might assume that the company director in Hong Kong must be one of the company’s shareholders. However, this is not the case; there is no requirement for any directors of a Hong Kong company to also be among the shareholders of the company.
If a company requires the use of any nominee corporate directors, such directors may be appointed to serve alongside all of the company’s individual directors. Meetings involving every member of the board of directors are to be held from time to time for the company to better assess its current situation. Hong Kong does not impose any geographical restriction upon such meetings because the meetings of a Hong Kong-based company’s board of directors are allowed to be held in any location, whether in Hong Kong or elsewhere. This flexibility has drawn many a foreign company director to take up the role in a Hong Kong company.
Can a Foreigner who works in Hong Kong serve as a Company Director FAQs
A company director can be either a corporate director or an individual in Hong Kong.
No. there is no requirement for any directors of a Hong Kong company to also be among the shareholders of the company.
Unfortunately, you are not allowed to be the company director in Hong Kong if you are bankrupt.
Yes. You can be a Company Director in Hong Kong as long as you are 18 years old and above.