Yes, a sole shareholder can be the sole director of a private limited company. A private limited company must have at least 1 natural director. The sole shareholder can be the director of the company. However, the sole director cannot be the company secretary of the company. Even if you are the sole shareholder and … Read more
The Board of Directors ( the “Board”) is the governing body of the company and is responsible for taking strategic and policy decisions for the company. Some of the responsibilities of the Board are ensuring compliance of the rules and regulations, reviewing the company’s policies and procedures, approving annual budgets proposed by the management of … Read more
In simple terms, the board of directors operate the company while the shareholders are the owners of the company. Board of directors The Board of Directors (“BoD”) is the governing body of the company. The BoD is responsible for the overall management and makes decisions relating to company issues and policies. It is also responsible for … Read more
Board resolutions are written records of decisions made by the board of directors (“the Board”). The Board is responsible for the overall management of the company and makes decisions relating to company issues and policies. For instance, a board resolution may be passed for appointing a new director, purchasing another business, opening of company bank … Read more
Essentially, general shareholders have the rights to vote, to dividends, and to the company’s yearly performance through the annual general meeting. These shareholders rights are stipulated in the company’s article of association (“the Articles”) and supplementary documents (if any). Generally, the shareholder’s rights are as follow: To vote in shareholders’ general meetings or in passing … Read more
If you are starting a business in Hong Kong then depending on the nature of the business you may need certain licenses and permits that are issued by the Hong Kong Government department(s). Generally, to secure a business licence, you will have to fill in a form and lodge your application to the appropriate governmental … Read more
Business Registration Certificate is issued by the Business Registration Office and includes important details of the company such as the name of the business, type of business, date of commencement, certificate number, expiry date etc. It is a mandatory process whether the business is sole-proprietorship, partnership, company; or the business is carried out by a … Read more
To set up a company in Hong Kong, you can follow the step-by-step guide below. Alternatively, if you are not familiar with the incorporation procedure, you can resort to an agency to complete the process for you. Choose the company type The first thing you have to do is decide the type of company based … Read more