Sure, provided that they are not the only real director or shareholder and they're a Hong Kong resident concurrently.
You’d must talk to the local authority for permission to exceed these restrictions, and have a backup strategy if The solution is not any.
Now that you will be up to date on the most up-to-date developments for HK company formation, you will need to think of ways to create your offshore company in this jurisdiction.
The “restricted” designation refers back to the minimal liability with the company. Depending on the strict basic principle of individual lawful personality enshrined in company regulation, liabilities don't trickle all the way down to personal shareholders; only in Remarkable situations can the corporate veil be pierced by a courtroom, where by the rights and obligations of a company are deemed synonymous with Those people of its shareholders.
A company title is what folks know you with. You'll want to decide on various names ahead of picking out to choose 1. When shortlisting the names, make sure that the identify not simply signifies your organization pursuits properly but also does not upset or damage the area people today’s sentiments or clash with the by now current organisation in Hong Kong. Consult your company advisor before making any choice.
If you're located in Hong Kong and/or your company will run managing recruitment and work, vacation and event-linked functions, restaurant, retail, and education you have got to request yet another license.
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Check out the constraints on the kind and size of enterprise you can begin in the place. One example is, some residential parts Restrict the height of structures and the materials You need to use.
After getting all the mandatory documents and information, RJSC will create an Bill to get compensated for the identified lender.
The guidebook down below will concentrate on Hong Kong minimal company institution, that is undoubtedly the most common form of business enterprise entity used by foreign traders in Hong Kong. Overview of HK company formation
The latter’s job includes maintaining statutory guides and data, like the registers of directors and shareholders, the corporate moment e book plus the share certificate e-book.
In common apply, shareholders’ liability is restricted to the worth in their money investment decision while in the company or any total unpaid on their own shares.
Hong Kong has One of the more desirable and easy tax devices for international buyers in all of Asia. This overseas company formation getstarted hk causes it to be a preferred location with many people wanting to ascertain their companies and spend less on taxes they'd have incurred if they didn’t Have got a company registered listed here.
– Once-a-year tax return Furthermore, you can incur costs for maintaining the accounts and getting them audited. The overall charges will depend upon the nature with the enterprise and the amount of activities.