Hong Kong is an SAR (Special Administration Region) in China. It has its own judicial and legal system as well as own legislature. This region has full economic autonomy. China only takes care of foreign affairs and defense. Hong Kong independently takes part in international trading. It is also a member of Asia Pacific Economic Co-operation as well as WTO (World Trade Organizatoin).
Company incorporation in Hong Kong both for both limited and public companies is regulated by the Companies Ordinance. There are no restrictions on making foreign investments in this region. There is no investment approval procedure either. Foreign investments have full liberty to invest in nay business and have one hundred percent ownership of it. However, the ownership is limited to activities that are state-owned and few other exceptions in which the ownership cannot exceed more than 49%.
No minimum legal reserve or capital is required for company incorporation in Hong Kong. The capital investment has to be in cash which can be used towards the procurement of plants, buildings, purchasing franchise, patents, etc. The region doesn’t impose any limitations on the amount of issue share capital or authorized capital. Also the shape capital can be in any currency. It is mandatory to get the shares registered.
One shareholder or founder is allowed to form a private company; however the total number of shareholders cannot exceed 50. Although there are no residence or nationality requirements for the board of directors and management, but the secretary of company generally needs to be a resident of Hong Kong or it should have a registered office in the region.
Company incorporation in Hong Kong both for both limited and public companies is regulated by the Companies Ordinance. There are no restrictions on making foreign investments in this region. There is no investment approval procedure either. Foreign investments have full liberty to invest in nay business and have one hundred percent ownership of it. However, the ownership is limited to activities that are state-owned and few other exceptions in which the ownership cannot exceed more than 49%.
No minimum legal reserve or capital is required for company incorporation in Hong Kong. The capital investment has to be in cash which can be used towards the procurement of plants, buildings, purchasing franchise, patents, etc. The region doesn’t impose any limitations on the amount of issue share capital or authorized capital. Also the shape capital can be in any currency. It is mandatory to get the shares registered.
One shareholder or founder is allowed to form a private company; however the total number of shareholders cannot exceed 50. Although there are no residence or nationality requirements for the board of directors and management, but the secretary of company generally needs to be a resident of Hong Kong or it should have a registered office in the region.
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