Hong Kong Company Requirements/ Hong Kong Company Registration Requirements
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Hong Kong Company Requirements means the requirements of setting up a company in Hong Kong. The most common way of forming a company is to buy a shelf company and then to modify it to one's own purposes. The process for forming a company from scratch is detailed below, however, some believe it is a more expensive and time-consuming option than buying 'off the shelf' and can take from three to six weeks to establish.
Hong Kong Company Requirements—requires
1.A minimum of one shareholder who may be corporations but not necessarily being resident in Hong Kong.
2.A minimum of one director, who may also be the shareholder as above.
3.A company secretary, who unlike the directors and shareholders, must be resident in Hong Kong. (This function can be taken up by a solicitor who will comply with the necessary statutory procedures and duties)
4.A qualified auditor, who will review the company's financial position and audit the financial statements for presentation to members at the annual general meeting.
5.A registered office in the same country as that of incorporation. (A solicitor's office can be used if needed).
Any company is a legal entity that owns the business with which the organisation has been created to undertake and which employs the people who work in that organisation. It has a completely separate legal personality that allows it to perform, and be acted against, just as if it were an individual person.
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