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Types of Companies in Hong Kong

Update Date:2020-2-5 11:50:06     Source:www.3737580.com     Views:919

Types of Companies in Hong Kong/ Hong Kong Companies Registry
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Types of Companies in Hong Kong means that there are different companies in Hong Kong. If you want to set up a company in Hong Kong, it is necessary for you to know the types of companies in Hong Kong.Such as Private Companies,Public Companies, Limited Companies,Unlimited Companies and so on. 

 

Private Companies in HongKong 

They have three major restrictions;
1. They are restricted with regards to the rights of its members to transfer their shares.
2. They have a 50-person limit on the number of members.
3. They have a prohibition on any invitation to the public to subscribe for any shares or debentures of the company.


Public Companies in HongKong 
1.They are those which do not have the above restrictions of private companies.
2.Listed Companies are public companies whose securities are traded on the Stock Exchange of Hong Kong.


Limited Companies in HongKong 
They are those in which the liability of its members is limited. There are 2 types:
1. Companies limited by shares
2. Companies limited by guarantee with share capital.


Unlimited Companies in HongKong 
1.They are those in which the liability of its members is not limited. In the event of winding-up, members are personally liable for all the debts and liabilities incurred by the company.
2.Overseas Companies
3.They are those not incorporated in Hong Kong but are required, under the Companies Ordinance, to be registered and have appointed an authorised representative.

 

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