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  Home > News and Trends
The new "Companies Ordinance" simplify the company executed file mode, the company can choose whether to have and use a common seal.
Timeú║2015-3-13      hitsú║494

 The new CO simplifies the procedures for starting a business in Hong Kong by, for example, abolishing the requirement for companies to have a memorandum of association as a constitutional document and prescribing Model Articles for adoption by different types of companies incorporated under the new CO (please see the FAQs on Abolition of Memorandum of Association and Matters relating to Company Articles). The mode of execution of documents by a company has also been simplified by making the keeping and the use of a common seal optional (section 124(1)). 
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