The financial industry
From early in its history, the excellent harbor and geographical location of Hong Kong made it a focal point for international trade. Today it has a developed financial and trade infrastructure with a sophisticated banking and financial services industry. This infrastructure, a low tax rate, no exchange control and a continued commitment to minimum government regulation are the ingredients which have made Hong Kong the financial center of the Pacific and Far East.
Registered and paid-up capital
For a Hong Kong limited company, the minimum registered capital is HKD10, 000(aboutUSD1, 200) the government levies 0.1% tax on registered capital. The board of a company has a final say about paid-up capital. You don’t have to pay up your capital share at the time the company is formatted.
Share capital and directors
There is no minimum share capital requirement. Share capital can be denominated in currencies other than Hong Kong dollars and multiple currency share capital is permitted. Separate classes of shares with different rights to dividends and in different currencies are permitted. A minimum of two shareholders is permitted.
Companies may have only one director. It is not necessary that any of the directors be resident in Hong Kong. The directors may be corporate. Particulars of the directors and secretary must be filed with the Registrar.