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For bold leaders and aspiring business homeowners, Hong Kong has long been a sexy, simple location to set up a company as a consequence of its:
Beneath the Hong Kong Companies Ordinance, you'll find certain demands you have to satisfy and documentation you must put together before the incorporation of a company.
The “limited” designation refers to the limited liability of your company. Determined by the strict basic principle of separate legal identity enshrined in company law, liabilities tend not to trickle all the way down to individual shareholders; only in Outstanding situations can the corporate veil be pierced by a court docket, where by the legal rights and duties of a company are deemed synonymous with These of its shareholders.
A company should have at least a single shareholder as well as a utmost of fifty shareholders, excluding staff members and former personnel. Shareholders is usually individuals or corporate entities of any nationality, domicile or home.
If you prefer to your financial institution account to be opened in Hong Kong, this is achievable but will require your take a look at in Hong Kong, as the ultimate valuable owner.
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Consequently, ought to the company encounter financial distress thanks to ordinary business exercise, the private assets of shareholders won't be susceptible to currently being seized by creditors.
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Owning an experienced group readily available to assist your needs can help make the complete incorporation process as seamless as feasible. As a complete-service company with a suite company formations of advisory services, for example tax and international accounting, we could help don't just With all the Original set-up within your company but in addition with its ongoing administration. Your company will be willing to meet goals from working day 1.
Just like a all-natural or ‘real’ particular person, the company can individual assets (such as money, land, intellectual home and so on) and can even be to blame for its individual debts. In this way, the liability from the folks who operate the company is said to be ‘limited’; their liability extends only towards the ‘stake’ that they've inside the company.
Point out governments: State governments also Engage in a regulatory job for corporations, by regulations regarding the formation, governance and taxation of such businesses.
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