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Tel：+86 400 118 5939Hong Kong, as a leading platform for mainland companies to engage in international trade, registering a Hong Kong company not only enhances its international brand but also provides opportunities for free trade. Do you know what types of companies are registered in Hong Kong?
The types of Hong Kong companies include Hong Kong limited companies, Hong Kong unlimited companies, Hong Kong private companies, Hong Kong public companies, Hong Kong holding companies, Hong Kong listed companies, Hong Kong overseas companies, and Hong Kong company groups. Below, Hongyuan International Consulting will briefly introduce various types of companies.
1. Hong Kong Limited
This is also the most familiar type of Hong Kong company that we often register. Generally speaking, in Hong Kong company registration, the vast majority of investors choose to register as a Hong Kong limited company.
2. Hong Kong Unlimited Company
Shareholders of a registered Hong Kong unlimited company are required to bear unlimited liability for the company's debts, and the unlimited company also has legal personality.
3. Hong Kong Private Company
Registering a private company in Hong Kong is neither what we usually refer to as a private company nor a wholly-owned company like in Shenzhen company registration. There are also many names for private companies in Hong Kong, such as closed companies, non-public companies, minority companies, or unlisted companies.
4. Hong Kong Public Company
Registering a Hong Kong public company is called an open company, a public company, a majority company, or a listed company, which is the opposite of the name of a Hong Kong private company. The characteristic of a Hong Kong public company is that its stocks can be listed and traded publicly on the Stock Exchange, and there is no statutory maximum limit on the number of members.
5. Hong Kong holding company
There are two types of registered Hong Kong holding companies, one is a pure holding company, which has the specific purpose of controlling other companies. Another type is a mixed holding company, which not only holds shares in other companies but also engages in business activities.
6. Hong Kong listed companies
Registering a Hong Kong listed company is a company whose shares are listed on the Stock Exchange.
7. Hong Kong Overseas Company
Registering a Hong Kong overseas company refers to a legal entity established outside of Hong Kong with a place of business in Hong Kong.
8. Hong Kong Company Group
Registering a Hong Kong company group is a monopolistic joint organization composed of several companies with diverse and multi-level characteristics. Refers to a registered company with legal personality that is established in accordance with the Company Regulations and whose shareholders bear unlimited liability for the company's debts.
Among them, the most commonly registered companies are Hong Kong Limited Company and Hong Kong Unlimited Company. Below, Hongyuan International will explain the differences between the two:
Hong Kong limited companies are mainly reflected in "limited liability", where shareholders and directors only need to bear limited liability, and the amount of liability of each shareholder depends on the number of shares they subscribe for. If a shareholder subscribes for 10000 shares of one yuan each, their maximum liability when the company is liquidated is only 10000 yuan. In theory, this shareholder has already paid the 10000 yuan when subscribing for shares, so when the company is liquidated, this shareholder no longer needs to bear any responsibility. On the contrary, if the shareholder pays the ten thousand yuan, he will no longer be responsible for any other liabilities after paying the specified amount. So limited companies are suitable for high-risk trading companies, and most mainlanders who apply for registration of Hong Kong companies are limited companies.
The liability of shareholders of Hong Kong Unlimited Company is unlimited, and all debts owed by the company must be fully borne by the shareholders. Creditors have the right to apply to the court for the seizure and sale of any property under the shareholder's name. Therefore, business people, especially those engaged in high-risk businesses, will choose limited companies to operate their businesses. Therefore, Hong Kong unlimited companies can generally only be registered by Hong Kong locals, and unlimited companies can hardly open offshore bank accounts in mainland China.
Each enterprise may register a different type of enterprise based on their own needs. Hongyuan International Consulting recommends consulting with a professional secretarial service agency before registration to register a Hong Kong company that is suitable for themselves.
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