|Limited company, where the liability
of its members is limited by shares, is the most widely adopted
form of legal entity in Hong Kong. All limited companies have to
register with the Companies Registry, and have to obtain Business
Registration Certificate within one month of commencement of operation.
According to the Companies Ordinance, from 13/February/2004,
a limited company must have at least 1 director, 1 shareholder
and 1 company secretary. Directors can also act as shareholders in the same company.
Directors and shareholders are not necessary to be Hong Kong
resident, but the company secretary must be a Hong Kong resident
with a valid Hong Kong I.D. Card or a body corporate having its
registered office or place of business in Hong Kong.
A private limited company has 1 (min.) - 50 (max.) shareholders
(excluding members); a public limited company has 2 (min.) to