In the capacity of an officer, the company secretary assists the directors with corporate governance matters. The company secretary must be a Hong Kong resident natural person or company. Other officers to the company who must be appointed at inception are the company secretary and designated representative. At least one of the directors must be a natural person. A board of directors or a sole director are entrusted with the management and day-to-day business of the company. At least one share is to be issued for the incorporation and there is no minimum capital requirement, or par value. Ownership is represented by the members or shareholders of the company. A Private Limited Company is a stock company, meaning it issues shares and there is a clear distinction between ownership and management, although the same person may fill both capacities. The establishment is straight forward and has only a few requirements that must be met. The most common business vehicle is a Private Limited Company. Starting a business in Hong Kong typically begins with the incorporation of a company.
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