Share Capital is the ownership of the company as held by the shareholders. This is in the form of the stocks, or shares, for the company. A Limited Company must have a minimum of one founder member with a minimum of one share of the company. This is to establish ownership of the company by a shareholder.
The Hong Kong company regulation doesn't require that 1 share must be worth 1 HKD. The share capital for a corporation is often in any currency but must have a minimum of 1 share for a corporation. It's the entire share capital available and registered for the company. Therefore the share capital is often in HKD, USD, EURO, GBP, RMB, or other currencies chosen by the shareholders.
The founding members aren't required to submit the share capital amount to the government nor into the company checking account . They'll prefer to deposit this amount into the company checking account afterward , but aren't required by law when incorporating the company in Hong Kong.
In case you've got questions regarding the share capital or company structure, contact us for more information. We also provide services for issuing new shares and therefore the transfer of shares for companies. Contact us for more information regarding the share capital or our services today!