Company Registration Frequently Asked Questions

• How many shareholders does a Hong Kong limited company need?

  At least one. There is no nationality restriction for shareholders, and domestic and overseas persons can serve as shareholders of the company.

• How many directors are required for a Hong Kong private limited company?

  At least one.Directors must be at least 18 years old and have no nationality restrictions. Domestic and overseas persons can serve as directors of the company.

• What is the difference between shareholders and directors?

  The rights and responsibilities of shareholders are as follows：

  • Participate in shareholders' meetings and enjoy voting rights based on the proportion of shares
  • Understand the company's operating status and financial status
  • Elected and elected as a member of the board of directors
  • Get dividends
  • Priority purchase of shares transferred by other shareholders
  • Priority subscription of newly issued shares of the company
  • After the company is wound up, the remaining property shall be divided in accordance with the law
  • Shareholders' meeting to review and approve the annual audit report
  • Appoint or dismiss directors through the shareholders' meeting, and decide on the remuneration of directors
  • The rights and responsibilities of directors are as follows：
  • Responsible for the company's daily operations and decision-making
  • Keep accounting books and business records
  • Responsible for bank account management
  • Borrow loans on behalf of the company and use the company's property as collateral
  • Formulate a profit distribution plan
  • Formulate a plan to increase registered capital
  • Convene a general meeting of shareholders
  • Implementation of resolutions of the general meeting of shareholders
• Can a shareholder also serve as a director?

  Can

• Does the company's registered capital require capital verification?

  No matter how much the registered capital is, no capital verification is required.

• What is the difference and relationship between registered capital and issued shares?

  The registered capital must first be registered with the government.The issued shares are the shares issued after the capital is registered, so the issued shares will not exceed the registered capital.Shareholders are required to pay in full the issued shares in proportion to their shares, not based on the registered capital.The company's future debt liability is also calculated based on the issuance of shares.

• What does registered capital represent?

  The registered capital has the following meanings

  • The company's highest fund-raising capacity: The company can raise funds by issuing new shares to existing shareholders or new investors. The higher the registered capital, the more funds the company can raise.
  • Maximum shareholder responsibility: If the company is wound up and closed, the shareholder's liability is limited to the issued and unpaid share capital, not the registered capital.
• What documents are required to set up a Hong Kong limited company?

  Company formation and Due diligence questionnaire

  Customer's identity documents, such as passport or ID card

  Proof of the customer's address, such as: bank statement, water, electricity and coal bill, etc. (The date of issuance must be within 3 months)

• What should I do if I don’t have an address to register in Hong Kong?

  You can rent our company's address as your company's registered address, registration and correspondence address to collect all company and personal letters on your behalf.  

• Can I change my registered address?

  The company can change its registered address at any time.However, the Hong Kong Companies Registry must be notified in a designated form within one month after the change.If you use the company's company secretarial service, you only need to notify the company of the new address, and we will handle the change procedures on your behalf.

• Can all shareholders and directors of a Hong Kong company be non-Hong Kong residents?

  Yes, residents of any country can register a Hong Kong company.The laws of Hong Kong do not impose any restrictions on the nationality of shareholders and directors of Hong Kong companies. Anyone only needs to be at least 18 years old to be a shareholder of a Hong Kong company (holding shares in a company incorporated in Hong Kong) and a director.In fact, most offshore company registration places do not have any restrictions on the nationality of shareholders and directors.

• Do I need to go to Hong Kong in person to register my company?

  No need.We will send the relevant documents for company registration to the location you specify, and after you sign it, you can send all the documents back to us by courier.Alternatively, you can go to our office to sign the documents.

• What conditions must be followed for the name of a Hong Kong limited company?

  The company name must be”Limited company”Or English”LIMITED”As the end of the company name. 

• What are the restrictions on Hong Kong company names?

  The company name cannot contain [bank], [insurance], [reinsurance] and certain other words unless a separate license is applied for; nor can it contain words that may misunderstand that the company has any relationship with the Hong Kong Government.In addition, the law does not make any special provisions on the company name.For example, a company can use the words [international], [group], [holding] or [investment].

• Does the name of a limited company need to contain words related to the nature of the business?

  No need.The Companies Registry does not stipulate that the company name must have any direct or indirect connection with the nature of the business.

• Can a Hong Kong company change its name after it is incorporated?

  Yes, you can change the company name at any time.

• What are the differences between Hong Kong company names and those in Mainland China?

  Hong Kong companies are more free to name, and some names that are more difficult to register in China can be registered in Hong Kong, as long as they are not repeated.Regardless of the size of the registered capital, the Hong Kong Government allows the company name to contain the words international, group, holding, industrial, investment, college, association, center, foundation, research institute, etc. ; The company name can also be preceded by your favorite place name, such as: France, the United States, Italy, Japan, Hong Kong, Shanghai, etc., You can also use your own name and hometown name to crown the company name, fully reflecting personalization.

• Is a green box being necessary for open a company?

  Steel stamp: The law stipulates that it must be stored at the registered address of the company for signing important contracts

  Green box: No need

  Stamp: It can't be stipulated by law, but in fact, generally all companies will have it. It is used by authorized persons of the company to sign documents on behalf of the company.

  Stamp: According to regulations, the company uses it in daily operations, such as signing for courier documents

  Articles of association: The law stipulates that every company must have articles of association before it can be established. I think you mean to make it into 20 copies. In fact, you don't need it, as long as you have a record of it.

  Stock book: It cannot be stipulated by law, it is only used to facilitate you to issue new stocks in the future.

  Statutory register of records: It is required by law to store the register of directors, the register of shareholders, the register of secretaries, the minutes of board meetings, the minutes of shareholders' meetings, statutory forms, etc.