Hi,
I'm looking into setting up an investment advisory company in HK. Does anyone here have any experience setting up a company of this sort? Are there any minimum capital requirements and how does the SFC procedure go? I've looked on the SFC web site but it doesn't offer very much information other than forms.
Thanks,
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Yes, there are paid up capital and liquid capital required.
Paid up capital: for not holding client asset is HK$5,000,000 (or less)
Min. Liquid capital: HK$100,000 (does not hold client assets), HK$3,000,000(if you hold clients assets).
There should be 2 responsible officers in your company (one must be Exective Director), they need to take LE exam paper 1 & 2.
You will find out more details in the exam study material, or you can hire a laywer to help you on the licensing registrations.
Good luck
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Thanks very much for your kind reply.
My purpose was to set up a firm whereby I could work on a project-basis with several investment companies. This would allow me to get SFC-registered and have a proper legal protection framework for billing. But this would also entail regulation by the SFC and according to your reply above, the min capital requirements and hiring at least one other person. Do you know if it's possible to have one-man shop types operating?
Thanks again,
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