Hong Kong provides entrepreneurs a number of options as to what kind of company to set up in Hong Kong. Liberal government laws make it the offshore destination of choice when it comes to company registration. Most entrepreneurs prefer to set up a Hong Kong company as a Limited company for the following reasons.

Limited companies

Limited companies are companies that shoulder limited liabilities from a legal standpoint. The liabilities of the shareholders and proprietors are limited to the value of the shares they hold. This means during a legal tussle, the proprietor or shareholders can only stand to lose the nominal value of their shareholdings. The director or shareholders do not bare any personal liability to the debts of the company whatsoever.

In non limited companies the liabilities of the investors is not limited to their investment in the company. The shareholders are directly responsible for the creditors’ losses and are required to repay the debt their company has caused to its creditors.

Conditions to register a limited company

The law allows for a company to be set up by one or more persons; furthermore one single legal or natural entity can act as a shareholder, a director, a proprietor, an investor and also a company secretary simultaneously. There are no restrictions to the nationality of the secretary involved; however it is required that he or she must be a resident. There are no restrictions on the domicile or nationality of the other members involved.

A company’s executive body is made up of its board of directors who are responsible for the daily functions, supervision of documentation and audits, and deciding and implementing the future course of action for the company in the AGM – Annual General Meeting. As per Hong Kong law an AGM must be held at least once a year; there is also a regulation that there cannot be a gap of more than 18 months between consequent AGM’s.

An alternate route to set up a Hong Kong company

If you, as an investor, wish to set up a company in a hurry and cannot afford to wait to complete the normal start-up procedure, there is the option of acquiring a readymade shelf company. Shelf companies are companies that have not commenced any sort or form of business and have no economic presence in the market; such companies have no liabilities or debts at the time of purchase. Shelf companies are set up as per Hong Kong laws and are registered with The Registrar of Companies and have already attained a Certificate of Incorporation. The cost to purchase a shelf company is almost comparable with that of the cost to start up and register your own company in Hong Kong. The company must then obtain a permit from the Business Registration Office to engage in commercial activities.

Hong Kong is recognized for its fast budding economy. Making a visit to this modern city, you can feel its vivacity and have a good perceptive of the local background. In Hong Kong, there are several well-to-do areas, and amid them, Tsim Sha Tsui, is one of the most renowned.

At whatever time you walk in the street, you will be come across heavy traffic and the citizens and tourists continuously throng this place. But everything is very methodical and tidy.

Nathan Road is the most important road of Tsim Sha Tsui. All the other streets branch out from there. Countless international brands are clustered in those streets. Particularly, the Park Lane Shopper’s Boulevard which is planned for shopping, and youth like to rove there to purchase some stylish and smart clothes. For those travelers who are hunting for cosmetics, going to the cosmetic stores in Granville Road and Harbor town will really surprise them.

We can enjoy a full revelation of the Victoria Bay in this region, and the suggested attractions are the Avenue of Stars and Tsim Sha Tsui Beach.

Eateries- Steamed dumplings, cakes, steamed stuffed buns, seafood dishes, soup, etc.

How to reach there: Catch the subway and reach Tsim Sha Tsui or you can be on the Star Ferry to reach the destination. And the travel in Hong Kong is quite easy, so you can arrive at your end very comfortably and without difficulty.
Street of Stars

The Avenue of Stars, to be found in Tsim Sha Tsui East, Kowloon, was constructed to showcase Hong Kong’s film industry, its past record, movie actors and those working at the rear of the camera. There are approximately 73 movie celebrities tablets inlaid on the surface of the street. Nearly 30 celebrities also left their handprints on their tablets along with Jackie Chan, Jet Lee, and Andy Lau. Sitting on the avenue is a 3-meter tall bronze figure of Kung Fu Star Bruce Lee.

At the doorway to the avenue is a bronze imitation of an Oscar statuette and a tiny stage for presentation. Having a walk along the avenue, tourists can find many snack shops, memento booths, a number of statues associated to movies and benches to be seated and relax.