Are foreigners allowed to incorporate companies in Hong Kong?
A simple answer is yes. Foreigners are permitted to register and have complete ownership of their Hong Kong-based businesses
What are the prerequisites to be a company secretary in Hong Kong?
The choice of who becomes a company secretary is critical for the success of the company. The professional qualifications must be taken into consideration. Other things to be considered are as below: [...]
What are the differences between a Hong Kong shareholder and a director?
A shareholder in a sole proprietorship is the owner of that company, therefore he/she can also double up as a director and control how the company is managed. In other business settings [...]
What is the importance of a Company Secretary?
A company ecretary certifies all documents for the company. E.g., certificate of incorporation.
Can a Hong Kong company secretary be part of the meeting that appoints another company secretary?
Yes, it is one of his/her legal duties as stipulated by the company law of Hong Kong to provide a resident company secretary. So as a corporate body acting as a company [...]
What is the Hong Kong Company Secretary’s legal responsibility and liabilities in regard to hiring and dismissal of company workers?
Acquisition or dismissal of company officers takes place at the General or Board meeting. The Company Secretary’s role is to Organize and record minutes of all the decisions at the General or [...]
What is entailed in the shareholder and board meeting quorum requirements as a legal liability?
A quorum for board meetings is determined by the company’s Articles of Association. Two shareholders are a quorum for a company’s Annual General Meeting but if there is only one member in [...]
What is the company secretary’s legal responsibility and liabilities in Hong Kong in regard to financial auditing?
A company secretary is responsible for the annual filing of financial audits. He/she, must ensure that records facilitating this process are captured accurately and availed in time to the financial auditor. He/she [...]
What is the legal liability of a company regarding the transferring of shares?
During the transfer or reassigning of shares, the transfer documents must be resolved and properly stamped before the share transfer registration by the private limited company. A company may decline to acknowledge [...]
Can starting a small business prevent me from growing into a large business?
No, there is no Hong Kong law or regulation which prevents a small-scale investor from going big. However, when that happens, it changes the nature of your business structure, and thus you [...]