Investing in Hong Kong & China > SETTING UP A BUISNESS IN HK Lehman, Lee & Xu's Hong Kong office can assist you in establishing any of the following business entities: Private Companies - A private company restricts the rights of its members to transfer their shares in the company. There is a 50-person limit on the number of members, and there is no allowance to issue an invitation to the public to subscribe for any shares or debentures of the company. Public Company - A public company does not have the same restrictions mentioned for private companies Listed Company - A listed company is a company whose securities are traded on the Stock Exchange of Hong Kong. It is a public company Limited Company - As the name suggests, the liability of members of a limited liability company is limited to their capital input. There are two types: companies limited by shares and companies limited by guarantee with share capital. Unlimited Company - In the event of winding-up, members are personally liable for all debts and liabilities incurred by an unlimited company. Overseas company - An overseas company must be registered under the Companies Ordinance and is required to appoint an authorized representative. Registration Procedure Step 1 - Check through the Companies Registry to see whether the proposed name is not the same as any other name, which is registered Step 2 - Prepare the memorandum and articles of association and get them signed Step 3 - A declaration of compliance must be made by a solicitor Step 4 - Submit: memorandum and articles of association, declaration of compliance and registration fee Step 5 - A certificate of incorporation will be issued Step 6 - Every company incorporated in Hong Kong must be registered under the Business Registration Ordinance within 30 days of incorporation or the date of commencing business, whichever is the later.

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