New Law: Hong Kong companies will have to have 1 human director as of 2014

[coromandel]

New rules are coming in as of 2014 to increase transparency in HK that will require all HK registered companies to declare 1 human director. Previously you could have corporate directors & shareholders.


Needless to say this will have implications for existing HK / Seychelles structures where the HK company was owned and directed by a Seychelles company.


How are affected CC members going to deal with this? Use nominees or go somewhere else?

 

[Zqq]

The address and passport or ID number of directors may under some circumstances be withheld, so it's not a huge privacy concern.


Personally I'm not too bothered, but it does indeed largely negate the privacy one could previously enjoy using a corporate director. The nominee director sector in Hong Kong is likely to blossom as a result of this change, though.