Team Schwaller

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The legal system of Hong Kong is based on an English general law.

Though the economy basis is made by currency-financial and foreign trade operations, in Siangan are developed ship-building, ship-repair, textile, sewing, electrotechnical, radio-electronic, petrochemical and other industries focused for export.

The basic trading partners (except a continental part of China) - the USA, Japan, Great Britain, Taiwan, etc. Monetary unit - sjangansky dollar (HK dollar).

Hong Kong for many years heads the annual world rating of economic freedom made by newspaper Wall Street Journal and fund Heritage Foundation successively. In 2007 authors of research have awarded to Hong Kong 89,3 points from 100 possible, having noted a mode of the low taxation and a flexible labor market in jurisdiction.

General characteristic of the companies registered in Hong Kong.

In Hong Kong registration of the local companies of following organizational-legal forms is possible:

Private Company Limited by Shares - the closed company with limited liability under actions. In the company there can be a maximum of 50 shareholders. Shares of company cannot be offered on open sale, and transfer of stock demands approval of general meeting of shareholders.

Public Company Limited by Shares - the open company with limited liability under actions. In the company there is no as much as possible admissible quantity of shareholders.

Limited Partnership - partnership with limited liability: a maximum of 20 partners which any can be physical or legal bodies rezidentnosti.

Company Limited By Guarantee without a share capital - the company with responsibility, the limited warranty of participants, without the share capital.

Registration of branches foreign the company and trusts is possible.

In most cases in the international business the closed companies with limited liability under actions are applied.

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