Hong Kong Company Registration - Requirements and Procedure
by Criston Lee Monday, December 13, 2010
If you are registering a limited Hong Kong company, the name needs to end in the word limited. Your business name can be a Chinese name or an English name. You are also free to make it a combination of both. You may also add the name of a country to your business name. It may also be the name of a city or town. The most important feature of your name is that it be unique. It must not infringe upon the name of another registered Hong Kong company.
You will not have a lot of restrictions on the type of business that you open. However, it is best that you mention the scope of your business when registering a Hong Kong company. Yet, this is not mandatory, as you are not required to do so.
If your Hong Kong company registration is for a limited company, there are three important disclosures that you need to make. These details must be available for public search.
1. Shareholders - at least one shareholder must be must be listed. The shareholder must be at least 18 years old. That person can be local or foreign.
2. Directors - one director needs to be listed for a private company. If the company is public, there must be two directors. Directors must be in control of the company and need to have working knowledge of all aspects of the company day to day operations. The must also see that the company complies with all laws and regulations that apply.
3. Legal secretary - This must be a local resident and cannot be one of the directors or the registered shareholder. This secretary acts as the key administrative officer. The secretary is usually appointed by the director and acts as the "go between" with the director and the rest of the company upper management. Duties will include taking minutes of meetings, scheduling meeting and filing legal company documents.
Paid-up capital need only be the sum of one dollar. Registered capital is a different story. It can be as little as $10,000. However, companies that seek investments in China will need considerably more.
Basic Steps for <a href="http://www.guidemehongkong.com">Company Registration in Hong Kong</a>
1. Application form needs to be filled out with payment.
2. All legal documents must be personally signed.
3. Documents are forwarded to the proper government department.
4. This should take seven to fifteen working days.
5. Within three months you can pick up all necessary paperwork.
Company registration in Hong Kong is not difficult. There are some things that you will need to take care of. Some of those things include registering the name and mentioning upper management in the company. Paid-up capital requirement is only the sum of one dollar. There are other points to consider, and everything that you need to know is available at <a href="http://www.guidemehongkong.com">www.GuideMeHongKong.com</a>.
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