There are two kinds of limited liability companies, i.e. private and public companies.
Most limited companies are private as they are easier to incorporate and administer.
The Companies Ordinance stipulates that all private companies can have only one director and one shareholder. The same director can also be the shareholder of the company.
However, there are no nationality restrictions for being a director or shareholder as long as the person is over 18.
In the case where the company has only one member who is also the sole
director, a reserve director (who is 18 years of age or above) can be
nominated in the general meeting and act on behalf of the sole director in the
event of his death.
The Companies Ordinance also says that every limited company to have at least one company secretary who should be a Hong Kong resident or Hong Kong incorporated company.
Moreover, all limited liability companies are required to maintain a registered office in Hong Kong.