Hong Kong is located on the southern coast of the People’s Republic of China. There is an estimated population of 7 million people and a land area of less than 1,092 square kilometres. The official language is English and Chinese and its currency is the Hong Kong dollar (HK$), which is pegged to the United States dollar (US$) at the approximate rate of HK$7.8 to US$1. The primary industries are the financial and investment services. The company law is based on the United Kingdom Company Ordinance of 1932, which has been amended many times, most recently in 2005.
Highlights of Hong Kong Companies:
General Information |
|
Type of Company |
Private Company Limited by Shares |
Companies Law |
Companies Ordinance, Cap. 32 |
Minimum Director |
One |
Minimum Shareholder |
One |
Bearer Shares Permitted |
No |
Corporate Shareholders |
Yes |
Corporate Directors |
Yes |
Minimum License Fee |
$340 |
Disclosure of Ownership |
No |
Corporate Seal Required |
Yes |