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Q&A

How to incorporate and register a private company in Hong Kong?

How to incorporate and register a private company in Hong Kong?

Hong Kong prides herself in combining the company incorporation and business registration into one step, which hugely facilitates investors to commence their operation as soon as possible. Thus, any persons who are applying for incorporation of a loc...

Q&A

What requirements are there for memorandum and articles of association of settin...

What requirements are there for memorandum and articles of association of settin...

First and foremost, both the memorandum and articles of association must be signed by each and every founding member of the company. The memorandum of a limited company, be it limited by shares or by guarantee upon bankruptcy, must state that all sha...

Q&A

What are the basic requirements for annual compliance for limited company under ...

What are the basic requirements for annual compliance for limited company under ...

There are two basic requirements: Annual general meeting; and Annual return filing. Annual general meeting must have the following contents: A presentation of profit and loss account; A presentation of balance she...

Q&A

What are the requirements on personnel on setting up a private limited company i...

What are the requirements on personnel on setting up a private limited company i...

For a foreigner to establish a private limited company in Singapore, a professional service firm must be engaged to register on behalf of the company. The definition of foreigner would mean anyone that is: A holder of non-Singaporean National Regi...

Q&A

What conditions should be met to establish a Singaporean limited company, apart ...

What conditions should be met to establish a Singaporean limited company, apart ...

Apart from the requirements on personnel, approvals must be obtained from the Accounting and Corporate Regulatory Authority, according to Singaporean Industry Classification Code, in order to establish a private limited company. For capital requirem...

Q&A

How to get approval for the name of a private limited company in Singapore?

How to get approval for the name of a private limited company in Singapore?

Application of company name is the first step of incorporating in Singapore. Approval of company name requires the following items to be submitted: Proposed company name Principal activities Approvals from other government authorities (if neces...

Q&A

How to obtain the registration of a Singaporean private limited company for inco...

How to obtain the registration of a Singaporean private limited company for inco...

Upon the approval of company name, registration of company should be applied for. The following documents would be needed for registration of company: SingPass Name application number of approved company name Company type Details of additional ...

Q&A

What are the requirements for annual compliance for private limited company in S...

What are the requirements for annual compliance for private limited company in S...

The first requirement is about annual general meeting, which must be held within 18 months upon the successful incorporation of the company, and thereafter the lapse of time may not be more than 15 months, unless the Company Registrar approves suc...

Q&A

What are the liabilities that are specifically applicable to legal representativ...

What are the liabilities that are specifically applicable to legal representativ...

The liabilities specifically applicable to legal representatives are found generally in: General Principles of the Civil Law of the People’s Republic of China; 2007 Enterprise Bankruptcy law; and Regulations of the PRC Concerning the Admin...

Q&A

What are the duties that are applicable to shareholders in a foreign-invested en...

What are the duties that are applicable to shareholders in a foreign-invested en...

The shareholders are those who contribute capital to the company. For a wholly-foreign owned enterprise, shareholders are the supreme authority. The shareholders have the power to exercise such functions and powers, as below: Decide on the operati...

Q&A

What are the liabilities that are applicable to senior officials of a foreign-in...

What are the liabilities that are applicable to senior officials of a foreign-in...

The liabilities are divided into three different categories: Liability for criminal offenses Liability for liquidation Liability to the company Liability for criminal offenses will arise when a breach of company is so sev...

Q&A

How are internal control and internal audit defined in China?

How are internal control and internal audit defined in China?

Internal control is a process designated to provide assurance that the company is: Effectively and efficiently operating; Providing reliable financial reporting; Complying with applicable laws and regulations; and Safegua...

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