A company incorporated in Hong Kong (the “Company”) is required to comply with Hong Kong Companies Ordinance (Cap 32) (the “Ordinance”).
Upon incorporation, the Company must have its memorandum and articles of association (“M&A”).
In accordance with Section 29 of the Ordinance, the Company is classified as a “private company” if its articles of association:
- restricts the right to transfer its shares;
- limits the number of its members to 50, not including persons who are in the employment of the Company and persons who, having been formerly in the employment of the Company, were while in that employment, and have continued after the determination of that employment to be, members of the Company; and
- prohibits any invitation to the public to subscribe for any shares or debentures of the Company.
Companies that do not satisfy the meaning of private company in accordance with Section 29 of the Ordinance are called “public companies”.
The minimum number of directors in a private company is One while the minimum number of directors in a public company is Two in accordance with the Ordinance.
The basic share capital of a company incorporated by us is HK$10,000 divided into 10,000 ordinary shares of HK$1 each.
The Company must have a location in Hong Kong as its registered office address and a Hong Kong resident or a company incorporated in Hong Kong as its company secretary. Our company secretarial services include the provision of a registered office address and acting as the company secretary for the Company.
We also have ready made companies that have been incorporated but have not yet commenced any business for our clients at fixed prices.