By law, Hong Kong companies are required to appoint a company secretary.
Nevertheless, not anyone can be appointed as company secretary:
- the sole director of a private company cannot also be the company secretary;
- if the company secretary is a natural person, he or she must ordinarily reside in Hong Kong;
- if the company secretary is a body corporate, the address of its registered or principal office should be in Hong Kong and it must hold a valid TCSP licence issued by the Registrar of Companies.
The role of Company Secretary implies some knowledge and experience so it is important to engage the assistance of an individual with relevant experience, or a properly licensed service provider. Otherwise, you expose your company to possible mistakes and delays that may result in unnecessary costs.
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