Just Named as a Hong Kong Company Director? Here’s What You’re REALLY Signing Up For
Maybe your friend asked you to be a director of their company. Or perhaps you’re starting your own business in Hong Kong and naming yourself director. Either way, you need to know what you’re getting into. This isn’t just about having a fancy title or signing some papers. Let’s get real about your responsibilities as […]
Can a Company Be a Director in Hong Kong? Yes, but…
While most people envision directors as individuals in suits sitting around boardroom tables, Hong Kong’s corporate law offers a unique flexibility: the ability for companies themselves to serve as directors of other companies. This arrangement, known as corporate directorship, opens up interesting possibilities for business structuring and management – but comes with specific rules and […]
Complete Guide to Hong Kong Business Ownership for Foreigners
Did you know that you don’t need to be a Hong Kong resident to start a company here? That’s right – Hong Kong welcomes entrepreneurs from all over the world, with no restrictions on foreign ownership and the ability for foreigners to serve as directors. Whether you’re looking to expand your global reach or launch […]
9 Simple Steps to Launch Your Small Business in Hong Kong
Thinking of turning your brilliant business idea into reality? You’re in luck! Hong Kong is among the easiest places to start a business globally. Our city’s streamlined regulations and pro-business policies mean less paperwork, quicker registration processes, and fewer bureaucratic hurdles to slow you down. But where do you start? How do you navigate the […]
Hong Kong Company Registration Timeline: Application to Approval
Ah, the sweet smell of incorporation in the morning. Yes, in Hong Kong, registering a company really can be done in only a morning. The time after you submit your application is remarkably fast at just 1 hour. Realistically, however, incorporating a company in Hong Kong typically takes one week from start to finish. This […]
No Minimum? Hong Kong’s Surprising Minimum Capital Rules
In Hong Kong, there is no minimum capital requirement for establishing a company, but it’s common practice to state HK$1 as the initial share capital. Now, you might be thinking, “surely this is some sort of typo” but no, this is very much our reality. Hong Kong, that towering bastion of capitalism, that glittering jewel […]
Why Hong Kong Bearer Shares Aren’t What They Used to Be
In March 2014, Hong Kong introduced the Companies Ordinance (Cap. 622), a comprehensive reform of its company law aimed at enhancing corporate governance and transparency. One key aspect of this ordinance was the prohibition of bearer shares, which required companies to either convert existing bearer shares into registered shares or cancel them entirely. This move […]
The Ultimate Guide to Opening a Business Bank Account in Hong Kong
With increased regulatory scrutiny and the rise of fintech, opening a business bank account in Hong Kong has evolved significantly in recent years. The requirements for setting up a business account have become more stringent, yet more flexible. You’ll still need to pass customer due diligence checks, but gone are the days of mandatory in-person […]
Top Hong Kong Ecommerce Trends You Need to Know in 2023
Hong Kong has become a hotbed for ecommerce, with online sales growing 27% in 2020 alone. With over 4.5 million online shoppers, it’s no wonder that more and more businesses are turning to ecommerce to reach consumers. If you’re looking to take advantage of this growing market, here are some must-know ecommerce trends in Hong […]
