nominee directors in hong kong
TRANSCRIPT
Nominee Directors in Hong Kong
A presentation brought to you by OpenCompanyHongKong.com
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The Role of a Nominee Directorin Hong Kong
o The role of a nominee director in Hong Kong is to protect the identity of the beneficial owner.
o The appointed individual will act on behalf of and in the best interest of the beneficiaries.
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Controlling the Business Privacyo Business owners who want to transfer
their rights to a nominee director can do so through a formal mutual agreement.
o These types of investors may also choose to buy a shelf company in Hong Kong instead of going through the Hong Kong company formation process.
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Nominee Directors in Hong Kong
o Foreign investors in Hong Kong can transfer their director’s duties and powers to a nominee if they wish to protect their identity.
o Appointing a nominee director in Hong Kong is an easy step.
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The Transfer of Power to a Nominee Director
o The nominee director is appointed directly by the Hong Kong company owner through a mutual agreement.
o The transfer of power is secured through a power of attorney which will give general rights to the nominee.
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The Duties of a Nominee Director in Hong Kong >>
o Nominee directors will handle the daily business operations and management and perform those activities that they have been instructed or empowered to do.
o Nominee shareholders can also be appointed in Hong Kong.
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>> The Duties of a Nominee Director in Hong Kong
o The nominee director can engage in business transactions, open bank accounts in Hong Kong, handle other financial issues for the company, collect debts or rents.
o If needed, he can handle issues related to company formation in Hong Kong from the very early stages.
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Company Management in Hong Kong
o The Hong Kong Companies Law requires companies incorporated in the city to have at least one director.
o There are no restrictions on the nationality of the directors. However, other company formation restrictions apply, like for choosing the company name.
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Requirements for Hong Kong Companies
o Apart from having directors or nominee directors and shareholders, companies in Hong Kong must also have a secretary.
o Company secretary services are available in Hong Kong.
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Hong Kong Company Formation
o If you would like to know more about appointing directors and nominee directors, our company formation agents in Hong Kong can answer your questions.
o You can contact us for more information about how to open a Hong Kong company.
Thank You for Your Attention!
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