Speak to an advisor: +852 5803 2409


HK$2000 OFF

when you

 when you register your company with Sleek

and subscribe to our accounting plans.

register your company with Sleek and subscribe to our accounting plans.


Basic requirements of a Hong Kong company

4 minute read

If you envision setting up a business overseas, you may want to consider Hong Kong. Now you might be wondering as to what makes Hong Kong a preferred business destination, right? Well, getting started here is relatively easier and quicker than anywhere else in the world.

Moreover, with a low setup cost and a pro-business government, you can make the most of the business-conducive environment in Hong Kong. Most importantly, a foreign national can own 100% of the business in Hong Kong. You may choose to be the sole director and shareholder of the company. Setting up a company in Hong Kong opens up the gateway to spread your business in Asia, allowing you to benefit from a huge market.

Type of companies

The most common type of companies registered in Hong Kong is a private company limited by shares which has a separate legal identity. It can enter into contracts (even with its members or directors), take legal action, be sued, or own property as a natural person.

The liability of its shareholders is limited to the share capital they had subscribed. Let’s look into the basic requirements of a private company limited by shares:

Company name – It is important to determine the name of the company. The company name can be either in English or Chinese or with both English and Chinese name. However, the company name cannot be in a combination of English and Chinese characters. The English company name must end with the word “Limited” and a Chinese company name must end with the characters “有限公司”.

The company name cannot be the same as or too similar to the name of a company which already exists in the records of the Companies Registry and the Trade Marks Register of Intellectual Property Department. For more details, please click here. There is no reservation for company name. Sleek could help to conduct the proposed company name search.  Result is available on the same day and it is free of charge.

Articles of Association – The articles are the company’s constitution and provide a set of regulations for the conduct of its management. A company must have articles, which must be printed in English or Chinese and divided into paragraphs which are numbered consecutively.

A company may prepare and print its own articles but it is very common to adopt the Model Articles for private companies limited by shares which is available on the website of the Companies Registry.

Share capital – There is no minimum or maximum requirement of share capital. It can be in any number and currency. However, only registered shares can be issued, bearer shares are not allowed. The most common scenario would be one shareholder with 1,000 to 10,000 ordinary shares of HKD1 each. The shares, subject to the directors’ approval and stamp duty, are freely transferable.

Shareholders – A minimum of one shareholder and a maximum of 50 shareholders. A director and shareholder can be the same or different person. The basic requirements of a shareholder are:

  • Can be an individual or a body corporate
  • Of any nationality or residence
  • On incorporation, the first shareholder is called the founder member

Directors – At least one individual director (i.e. a natural person) is required for a Hong Kong company and there is no limit on the maximum number of directors, unless it is fixed in the Articles. A corporate director is allowed provided that there is already an individual director and the company is not a member of a group of companies of which a listed company is a member. The basic requirements of a director are:

  • Attained the age of 18 years
  • Not an undischarged bankrupt
  • Of any nationality or residence
  • A share qualification is not required, the director need not be a shareholder of the company
  • No specific professional qualification is required

*Advisory note: All directors of the company are advised to read ‘A Guide on Directors’ Duties’ published by the Companies Registry and acquaint themselves with the general duties of directors outlined in the Guide.

Company Secretary – Every company must have a company secretary who is responsible for maintaining the statutory records, filing statutory returns, ensuring compliance with the statutory requirements etc. The basic requirements of a company secretary are:

  • Either an individual or a body corporate
  • If an individual has to be attained the age of 18 years and a Hong Kong resident
  • If a body corporate which must have its registered office or place of business in Hong Kong and hold a valid TCSP license issued by the Registrar of Companies
  • If the company has only one director, the sole director cannot act as the company secretary of the company

Sleek holds a TCSP license  and could act as company secretary of your company with a very competitive price.

Registered Office – The company must have a local Hong Kong address as the registered office address of the company. PO Box is not accepted as a registered office address which has to be a physical address.

Sleek can provide an address in the heart of the central business district of Hong Kong as the registered office address of your company and it is at a very competitive price as well.

Designated representative – A company must designate at least one person as its representative to provide assistance relating to the company’s significant controllers register to a law enforcement officer.

A company’s designated representative must be either a shareholder, a director or an employee of the company who is a natural person resident in Hong Kong or, alternatively, an accounting professional, a legal professional or a person licensed to carry on business as trust or company service provider (i.e. TCSP licensee).

Sleek is a TCSP licensee that could act as the designated representative of your company. Talk to us today.

Ready to grow your business?

Our expert team is here to help you. Explore our incorporation services or contact our team to get personalised advice today.

Start a business in less than 3 hours with us. Talk to our experts today.

Subscribe to our newsletter

Our jam-packed newsletter covers monthly compliance updates, upcoming events and exclusive offers

Other articles that might interest you

Related content

Contact us

We’d love to help. Share your contact details and we’ll call you back

Start a business in less than 3 hours with us. Talk to our experts today.

WhatsApp Us

Get HK$2000 off on
your first Sleek
service purchase!

Offer valid when you register your company with Sleek and subscribe to our accounting OR audit and tax plans. T&Cs apply. Privacy policy.

Terms and Conditions of the Promotion:

Before participating in this promotion, you must carefully read and agree to abide by the following terms and conditions.

  1. Eligible Users: To enjoy this offer, customers must purchase Incorporation package with registered address and audit and tax/accounting services at the same time. Valid customers will receive a fee waiver of HKD 2,000.
  2. Promotion Period: This promotion is valid from Jun 19-Jul 2, 2023. Sleek reserves the right to end this promotion at any time without prior notice to customers.
  3. Fees and Payment: Customers must pay the service fees according to Sleek’s standard payment terms. The HKD 2,000 waiver will be applied as a discount on the customer’s invoice.
  4. Governing Law and Jurisdiction: These terms and conditions shall be governed and construed in accordance with the laws of Hong Kong. Any dispute arising out of or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts of Hong Kong.
  5. Confidentiality: Sleek shall treat all information provided by the customer as confidential and shall not disclose such information to any third party, except as required by law or with the customer’s consent.
  6. Limitation of Liability: To the extent permitted by law, Sleek shall not be liable for any direct, indirect, or consequential loss or damage arising out of this promotion.
  7. Disclaimer: To the extent permitted by law, Sleek shall not be responsible for any loss or damage arising from the customer’s use of this promotion. Sleek does not guarantee the accuracy, completeness, reliability, timeliness, suitability, or availability of the website and its content. Sleek reserves the right to change the website and its content at any time without prior notice to customers.
  8. Cancellation of Orders: If customers wish to cancel an order, they must contact Sleek’s customer service department within 24 hours of submitting the order. Orders cannot be cancelled if they have already been processed
  9. Links to Third-Party Websites: Sleek’s website may contain links to third-party websites that are not under Sleek’s control. Sleek is not responsible for the content, privacy policies, or practices of third-party websites and does not endorse or recommend them. Customers should carefully read the terms and conditions and privacy policies of any third-party website before using it.
  10. Accuracy of Registration Information: Customers warrant that all registration information provided is accurate, complete, and up-to-date. If a customer’s registration information changes, the customer should update their account information promptly. Sleek shall not be liable for any loss or damage arising from the customer’s provision of inaccurate or incomplete registration information.
whatsapp icon

Chat with us on WhatsApp from your mobile

30 day moneyback guarantee

30 Days Money Back Guarantee

Our refund policy:

We care about you – within 30 days from your purchase, if you’re unhappy with our services, we’ll refund our fee. Email or call us, and we’ll process the refund within five working days.

What it doesn’t cover:

We will not be able to refund Government fees once the application has been submitted, nor any third-party processing fees.

When it applies:

We cannot guarantee any specific legal outcomes when you use our services. For instance, a company registration might be filed correctly but still get rejected by the Company Registry for reasons beyond our control. We can only refund our fees for issues we are directly responsible for. In the case that you purchase a service and later change your mind, we can’t issue a refund.

Our customer support team is at your disposal for any questions or issue you may face.

Need help?

Our sales team is available from Mon - Fri 9am to 7pm (Hong Kong Time)

Let's get in touch

Book a time with our experts to guide you in finding the best solution.