Hong Kong SAR Limited vs pcl

Limited is a legal entity in the Hong Kong Special Administrative Region, with the full name Private Company Limited by Shares. It belongs to the form of a combined ownership, where the shareholders own the company but do not directly participate in its management. Limited is a type of limited liability company, and the shareholders' liability is limited to the shares they subscribe to. This type of company does not publicly participate in the market and does not issue shares to the public.

According to Hong Kong law, a Limited company must have at least one shareholder and at least one director. Unlike companies in other countries/regions, a Limited company may not be required to appoint a legal representative and may not need to have a local person serve as a director. However, a Limited company must appoint a company secretary.

The minimum registered capital is theoretically 1 Hong Kong dollar, but in actual registration, it defaults to 10,000 Hong Kong dollars. If the registered capital exceeds 10,000 Hong Kong dollars, a stamp duty of 0.2% is required when transferring shares. Limited companies do not require capital verification and have no capital verification requirements. Overall, Limited companies are a flexible form of company suitable for small or family businesses.