Business owners in Hong Kong who intend to have their business listed on Hong Kong’s stock exchange are required to hire a company secretary. This is a legal requirement because Hong Kong’s government requires all such companies to be able to avoid potential conflicts in a legal manner which causes as few problems a possible. A company which has appointed a suitable company secretary can easily ensure that such is the case. There are many advantages, both financial and otherwise, which may be gained by a company owner through the listing of the company in question on a stock exchange. Thus, before the company owner may reap the benefits of this listing, the hiring of a company secretary must first take place.
With regard to the identity of the company secretary in relation to the secretary’s status as either a local or foreigner, one should take note of the fact that the company secretary is required to be a resident of Hong Kong. However, this does not disqualify a foreigner from serving as a Hong Kong company’s company secretary. This is because through the use of the proper channels, it is possible for one to be a foreigner as well as a resident of Hong Kong. Thus, a foreigner is permitted to serve as the company secretary.
Perhaps your own Hong Kong-based company is in need of a company secretary and the services which would be provided by one. Should such be true, allow us at Paul Hype Page & Co to be of assistance to you. We will ensure that the company secretary whom we select for your company is a person who is competent and efficient as well as someone understands businesses in Hong Kong well. Such a company secretary will undoubtedly be of benefit to your company, both in the present and the future alike.