A certificate of Incumbency is a legal document that certifies the names of the relevant directors, officers, corporate secretary, and shareholders of a particular Hong Kong Limited Company (“the Company”). The document is either issued by a third party (a person who is not an employee, a director or a shareholder of the Hong Kong […]
Allotment and issuance of shares is a legal requirement at the time of company incorporation. Every Hong Kong Limited Company (the “Company”) must issue and allot a minimum of 1 share to its founder / member. However, at any time, should a company’s existing member wish to increase its share capital, they may do so […]
In general, a sole proprietorship appears to be an ideal business structure for a person who intends to be self-employed and intends to have a small business operation. This is due to the nature of a sole proprietorship of not being an incorporated or separate legal entity. Freelancers also should considered whether their work should […]
A dormant company is considered to be a company which does not trade and has no significant transactions throughout a given timeframe. This should not be confused with the colloquial term “non-trading companies” as they are substantially different. A non-trading company means it is currently carrying out no business, but it does not mean it […]
