Does a Hong Kong company need a resident director?
A Hong Kong company does not necessarily need a resident director. The Companies Ordinance of Hong Kong only mandates that a company have at least one director, and there are no residency requirements for directors of private limited companies.
However, it's important to note that while a resident director is not mandatory, there is a requirement for a company secretary in public companies and companies limited by guarantee. If the company secretary is a natural person, they must be a Hong Kong resident.
Here's a summary:
Private limited companies: Minimum of 1 director, no residency requirement.
Public companies and companies limited by guarantee: Minimum of 2 directors, one of whom can be the company secretary. If the company secretary is a natural person, they must be a resident.
How Bestar can Help
Does a Hong Kong company need a resident director?
Bestar can help your Hong Kong company in various ways related to accounting and related services. Here's a breakdown of our assistance:
Accounting Services:
Bookkeeping: We can manage your company's financial records, including income, expenses, and payroll.
Financial statement preparation: We can prepare your company's financial statements, such as balance sheets and income statements, which are crucial for reporting to regulatory bodies and investors.
Tax filing: We can assist with preparing and filing your company's tax returns, ensuring compliance with Hong Kong tax regulations.
Auditing: We can help you find and coordinate with an appropriate auditor if required for your company.
Other Services:
Company registration: We offer assistance with incorporating your company in Hong Kong.
Business advisory: We provide general business advice related to financial matters.
For any questions regarding legal requirements or decisions like needing a nominee director, consult Bestar.
To determine how Bestar can specifically assist your company, contact us. Discuss your specific needs and inquire about our services.