HONG KONG
Overviews of Key Features
DIRECTORS
Accepted body corporate but minimum one natural person of any nationality who at least 18 years old
SHAREHOLDERS
Any person of any nationality who at least 18 years old or body corporate, maximum of 50 people act as shareholder in a private company limited
COMPANY SECRETARY
Must be HK resident or HK company, and it can be provided by Korchina TNC
SHARES and SHARE CAPITAL
| Minimum Number of shares | 1 |
|---|---|
| Maximum Number of shares | Unlimited |
| Bearer Shares Permitted | No |
| Par Value | No |
| Permitted currencies | Any currency |
| Minimum paid-up share capital | HK$1.00 |
| Requirement to be paid up | Yes |
| no limit of maximum share capital and no par value but at least 1 share and paid-up share capital in HK$1 | |
Restrictions on Name and Activity
Names which suggest any connection to the Central People’s Government or the Government of Hong Kong Special Administrative Region or which are offensive or otherwise contrary to the public interest or whose use would constitute a criminal offense are generally prohibited. Certain words that suggest specialist activity can only be used when the appropriate licenses have been obtained such as Asset management, Building society, Fund management Chamber of Commerce, Kaifong, Municipal, Royal, Savings, Trust, Bank, Insurance and Assurance.
Financial Statement Requirements
Every Hong Kong company must produce annual audited accounts and appoint an auditor, who must be a member of the Hong Kong Society of Accountants and hold a practising certificate. The company must keep accounting records, which may be kept at the registered office address or elsewhere at the discretion of the directors.