Company Type and Name

First thing first! Decide company type first and then name of your company.

Company Types:

In order to provide you a roadmap here are types of companies:

Limited Company:

Among the most common types of companies, one is limited company.  Having a limited company in Hong Kong, means that the owner is able to get full advantage of tax benefits and special considerations. Concessions are available for fully incorporated businesses, not only this but (CEPA) Closer Economic Partnership Arrangement and a free trade with Mainland China as agreement.

Branch of a Parent Company:

A company located outside Hong Kong, but intend to have a place in Hong Kong’s business then the company should have to registered as a “Non- Hong Kong’s Company” within a month. Unlike limited companies, the branch office will not be considered a separate part (legal entity) from parent. It will have the authority to leverage funds of its owner.

Representative Offices:

Such type of offices can’t be engaged in profit-making actions, but can perform limited function for the company. These offices can play a vital role if any company is interested in exploring the Hong Kong’s market trends before stepping in with huge investments. If the company is willing to enter in business transactions, then there is a legal obligation; the company has to change the company type as limited or branch office.

Company Names

Don’t forget to search for limited companies indexed names before choosing your company’s name. This is because of the law that companies cannot choose the same name that is appearing in the index records maintained by Registrar of Companies. Search indexed names online via Companies Registry’s Cyber Search Centre.

Company Structure

There are many limited companies in Hong Kong that are private companies, actually limited by their shares.

There must be at least one director and one secretary of the company else only a director cannot be considered a secretary too. For secretary, there is a restriction that he/she should be a resident of Hong Kong. If secretary is any corporate entity, then it should be registered as well as located in Hong Kong. For director, there is a flexibility of being a non-Hong Kong’s inhabitant.

This is obligatory that the company’s registered office must be situated in Hong Kong.

Shareholders are not restricted to be local and a sole shareholder can play his part as a director.