Can one person open a limited company? In a globalized business environment, Hong Kong has always been a popular location for entrepreneurs and investors. Its efficient market mechanism and simple company establishment process make setting up a limited company here a choice for many people. So, can a person open a limited company in Hong Kong? The answer is absolutely yes.

Can one person open a limited company in Hong Kong?

According to the Hong Kong Companies Ordinance, a person can set up a limited company and act as the sole director and shareholder of the company. However, there is one important role that needs to be performed by a third party, and that is the company secretary. A company secretary is required, and if it is a natural person, it must reside in Hong Kong; if it is a company, it must be registered or established in Hong Kong and obtain a Hong Kong Trust and Company Service Provider License (TCSP) .

Opening a limited company also requires a registered address in Hong Kong, which cannot be a post office box. If you are starting a one-person company, you do not need to rent an office in the initial stage. You can use the company's registered address as your property address, or choose a qualified virtual office service .

In addition, the applicant must submit the company establishment form (NNC1), articles of association (AA) to the Hong Kong Companies Registry (Companies Registry), and pay the relevant Company Registration Government Fees .

If you want to know more about the process of registering a Hong Kong limited company, you can refer to our other article for a detailed introduction:

[The most complete guide for Hong Kong limited companies] Company registration process, company establishment fee of $4,595 including government fees and instructions on opening a bank account (2024 updated version)

How to simplify the company registration process?

While one person can act as a director and shareholder of a company, the role of company secretary needs to be arranged separately. Here’s the good news – Chinglink Company Secretarial Services can provide you with the professional support you need. Choosing Chinglink as your company secretary will not only meet the registration requirements, but also ensure that your company can comply with all legal obligations and procedures.

learn more:

[Company Secretary Responsibilities] What is a company secretary? Can the company secretary and director be the same person?

[Directors and shareholders respectively] What are the responsibilities of directors/shareholders of a limited company? The difference between the rights and responsibilities of the two must be clearly distinguished

Summarize

All in all, you are fully capable of setting up a limited company in Hong Kong even if you are alone. By choosing our company secretarial services, you can ensure that your company formation process goes smoothly and that all statutory requirements are met.

Please remember that opening a company is an important decision and we recommend that you seek professional legal and financial advice before submitting any registration documents to ensure that your rights, obligations and responsibilities are properly managed.

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