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 […]
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 […]
For years, people have incorporated offshore entities for the benefit of asset protection, privacy or tax reduction. Although an offshore company is a popular vehicle for people to carry a business from, it is surprising to see how many people tend to mix up the concept of an offshore entity with the concept of an […]
