Can One Person Own and Run a Hong Kong Company Alone?

One-person company

• A private company limited by shares can have a single member.
• That person can also be the sole director.
• The company must appoint a company secretary who is a different person, or a corporate secretary that is not a company whose sole director is the same person.

Consequences for a single member

• A single-member company is not required to hold an AGM.
• The member's decisions must be recorded in writing, and those records kept for at least 10 years.
• The sole member can nominate a reserve director to step in on death.

Maximum A private company can have no more than 50 members. Joint holders of a share count as one member, and members who are employees of the company are not counted.

Initial shares The founder members named on the incorporation form take the initial shares. No separate return of allotment is needed for shares issued to founders at incorporation.

Foreign or corporate shareholders There is no residency requirement for shareholders. A company can itself be a shareholder.