[Hong Kong Company Registration] Can an Individual Open a Limited Company in Hong Kong? How to Do It?

Posted by City AI Accounting on 2024-02-26 | Featured

[Hong Kong Company Registration]
Can an Individual Open a Limited Company in Hong Kong?
How to Do It?

On the global business stage, Hong Kong has consistently attracted many entrepreneurs and investors with its efficient market mechanisms and straightforward company registration processes. This article will delve into the question: Can an individual open a limited company in Hong Kong? The answer is yes!

Is It Feasible for an Individual to Open a Limited Company in Hong Kong?

According to the Companies Ordinance, an individual can establish a limited company while serving as the sole director and shareholder. This provides significant flexibility for solo entrepreneurship. However, an important point to note is the role of the company secretary. According to the regulations, the establishment of a limited company must have a company secretary, and if it is an individual, they must reside in Hong Kong. If a corporate secretary is appointed, it must be established in Hong Kong and hold a Trust or Company Service Provider License (TCSP).

In addition, the company also requires a registered address in Hong Kong, and a P.O. Box address cannot be used. For solo entrepreneurs in the initial stages, registering with a residential address might be considered, but there is a risk of rejection during registration, leading to necessary changes. Using a commercial address eliminates this concern.

We have previously written an article specifically about the requirements for a registered address for Hong Kong company registration. You can click on the link below to view it: Requirements for Registered Office Address in Hong Kong and Procedure for Changing registered office address

Solo Entrepreneurship - Renting an Office is Too Expensive, How to Solve Address Issues and Simplify Company Registration?

If you're facing the challenge of solo entrepreneurship and find renting an office too costly, how can you address the issue of a registered business address and simplify the company registration process? The solution is to seek assistance from a professional accounting firm! City AI Accounting provides specialized secretary services to offer the professional support you need. Not only can we meet registration requirements, but we also ensure that your company complies with legal obligations and procedures! Our secretary services cover over 10 different aspects. To learn more, click the button below to contact us!

Other Information

Amending Articles of Association: How to Modify Your Company's Articles of Association?

What Is a Dormant Company? How to Make a Company Dormant, and What Are the Benefits?

The above content is provided for reference only. If you have any inquiries about company secretarial matters or wish to consult on other accounting issues, please feel free to click the button below to contact us:

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