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Types of Company in Hong Kong

Updated:2018-2-5 14:28:13    Source:www.tannet-group.comViews:196

Before you set up your business in Hong Kong, or in any other regions, you should first  decide on the company type and company name. Several options are available and the choice is made according to the size of the future company and the available capital. You can choose from a range of company types to suit your business requirements. Details are shown below.

Types of Company in Hong Kong
1. Limited Company
A Limited Company is the most commonly-used company type. This is a company which is incorporated in Hong Kong, which means that the owner can take advantage of all the tax benefits and concessions available to any fully incorporated business, including the Closer Economic Partnership Arrangement (CEPA), a free trade agreement with Mainland China.

2. Branch Office
Branch Office of Parent Company. If a company incorporated outside Hong Kong establishes a place of business in Hong Kong, it must register with the Companies Registry as a ‘Registered Non-Hong Kong Company’ within one month of establishment. Unlike a subsidiary limited company, a branch office is not a separate legal entity from the parent and can leverage funds off the credit rating of its owner.

3. Representative Office
Representative Offices cannot engage in profit-making activities and can only fulfill limited functions. They are useful if a company wishes to explore the Hong Kong market before making a larger investment. If the company decides to enter into a transaction which creates a legal obligation, it must change the business to a limited company or branch office.

Hong Kong Company Structure
Most of the limited companies incorporated in Hong Kong are private companies limited by shares. A private limited company in Hong Kong requires at least one director who is a natural person and one company secretary. If the company has one director only, the sole director cannot be the company secretary of the company at the same time.

If the company secretary is a natural person, he/she should ordinarily reside in Hong Kong. If the company secretary is a body corporate, its registered office or place of business should be in Hong Kong. A non-Hong Kong resident can be appointed as a director.

There is no requirement for shareholders to be Hong Kong residents. The sole shareholder can be a director of the company.

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If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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