Hong Kong Companies and Financial Structures
Hong Kong does not have an “offshore” legislation, therefore all companies doing offshore or local business are incorporated under the same legislation. The Hong Kong Company Ordinance of 1997 and amended in 2004 is used for all incorporations. Several types of companies exist in Hong Kong allowing business activities within its territories. The most common form of business entity is the Private Limited Company, which limits the liability of the shareholders to the capital subscribed. The name of a Hong Kong private limited company must use the suffix limited or Ltd. A minimum of one shareholder and one director is required. One or both of these can be a corporate body or an individual. Every company is required to have a registered office in Hong Kong and must keep accounting records. Finally, a company that derives its profits from business conducted out of Hong Kong will not be tax liable.
Demography - Economy - Industry
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