Company Incorporation - Hong Kong

Most of the companies in Hong Kong is Private Limited company and most of the individual who wants to set up the company first they understand what kind of business they have to set up. There are three types of the company corporation in Hong Kong which includes Private company registry in Hong Kong and Public company registry in Hong Kong. After deciding the types of the company then the next step is to choose the appropriate name which must be unique because two company names cannot similar. The company name meets all the requirements of the company. The name of the company must be in the English, the Chinese, or Both Chinese and English language. After deciding the name it must be approved by the Registrar of the company. 

For Hong Kong company incorporation, you have to appoint one Director and one shareholder, resident company secretary and shareholder and Director can be of any Nationality. Director and shareholder can act the same.  The Company Secretary must be in Hong Kong.  After that, the next step is to document preparation which includes Memorandum of Association (MOA). You can hire the agency for public company registry Hong Kong because agency makes your all process simple and reliable. For this process, you do not need to go anywhere. These all documents you need to signed and returned back through e-mail. In order to receive the Certification of incorporation after that you need to submit following documents including fees:-

Ø  Article of Association (AOA)

Ø  Memorandum of Association (MOA)

Ø  Statutory Declaration of Compliance

Ø  Authorized and issued amount of share capital

After submission of all these documents, you received the certification of incorporation from the Registrar of the company. You will file the further documents which are:-

Ø  Letter of Appointment of First Directors

Ø  Consent to Act as Director

Ø  Notification of Appointment of First Directors and Company Secretary

Ø  Notification of Situation of Registered Office

Within 10 days of incorporation, you must apply to the Inland Revenue for Company Registration Certificate. And this process will take 8-10 days for company incorporation inHong Kong.

We at Stephen M. S. Lai & CO. CPA Limited makes your company incorporation process easier and faster. You just need to submit the fees and documents and then it will take a short time for Company Incorporation in Hong Kong. 

Advantages for offshore Company Incorporations Hong Kong

One way in which you can guarantee this is by hiring professional firms that are experienced in such activities. First of all, they will get you all the documents that are necessary in order to perform such work. They shall provide you the necessary information as well. They will also get done a lot of other professional formalities related to starting a company incorporation  in Hong Kong. The first such work is getting the name of your company approved. This is one process that can take quite some time and is much tougher than you may appreciate. They can also file your incorporation papers with the necessary local authority in Hong Kong.

These companies are also able to assist with lot of other necessary functions such as starting a bank account. They can also get you the business licenses that you need in order to operate in Hong Kong. You can also get your relocation visas done by these companies. They are also capable of guiding and advising you regarding the various compliance and administrative factors that you need to be aware of at the time that you are incorporating an offshore venture in this East Asian city.

Offshore corporations in Hong Kong 

Yours can be a company without any owner based in Hong Kong but not even that will stop you from starting a company over here. Apart from the low tax rates there are benefits of Hong Kong’s structure of taxation is quite simple and transparent as well. The rate for corporate taxes is 16.5% at the most and no taxes are levied at income generated outside Hong Kong. Capital gains taxes are not levied over here – the same can be said of estate taxes and value added taxes as well. Withholding taxes are not applicable over here and interest earned on dividends is not charged as well.

HK company Regiatration – why you should consider it?

As far as starting the process of forming a company in Hong Kong is considered there are a couple of options. In the first case you can basically build a company from ground zero. Otherwise you may also buy a company that is already there in Hong Kong. In case you settle for the first option, the first thing that you need to do is get a name for your company. Now, the question is how to go about it. First of all, you need to search if there is already a company with the name that you want to have for your organization.

Getting a name:

Normally in case of new companies it takes a little longer to get the company’s name registered. You need a business registration license for the same. You will get it from Hong Kong government itself and you may need to pay in the region of 250 HK dollars for the same. If you want to buy a company that is already there you need to take your pick from a company that is already there. You can get such information from official lists. Normally these names are ones that have not been used. In this case you will need much less time to process the hk company registration than the time taken to register a new one.

E-registration is Completely Legal for HK Company Registration

The tax that you have to pay is pretty straight forward too. You will only have to shell out 16.5% of your profits that you generate in Hong Kong. Well, this is applicable only, if you apply and obtain an offshore status.

Registering for a company in HK is permissible for a business owner planning to set up a limited company even when he has no plans of residing in the country. There are several agencies that will be only too happy to provide you with a genuine office address and a representative who will act as your secretary. This arrangement is extremely cost effective and you will be able to run your business from afar without having to travel to Hong Kong even once.

All communications can take place via e-mails and telephone and a e-registration is completely legal once your documents are in order. Do feel free to check out the do’s and don’ts below once you make up your mind to go for a HK company registration.

• Select a trustworthy agency that can act on your behalf and pay its fee upfront.
• Choose the name of your company and instruct your representative to check whether the name is         available.
• Do have a copy of your passport ready along with a proof of residence as well as the filled in
questionnaire that contains the rest of the information including the name of your directors and share holders. You need to add just your name as both director and principal share holder, if you are the sole owner of the company up for registration in Hong Kong.

That is sufficient for a simple, single owner, limited company in Hong Kong. You just have to wait for about 2 hours once your agency requests for e-registration. You will then receive both the certificates of incorporation as well as the business registration certificate over Skype or via e-mail.

HK company formation a savior to business

The amateurs or the starters need basic proper guidance related to their businesses and new companies. While there a few organizations which help and guide people with their businesses in the initial stage. On the contrary, there are a few individuals who have no knowledge about running a business successfully. For these kinds of individuals or for HK company formation, an organization named Hong Kong company formation has several facilities to offer proper guidance when it comes to new business establishment.

This popular organization takes care of each and every aspect of a startup business. Not only this, the organization also helps individual start their business in partnerships or with group.

The overall culture of the Hong Kong people is highly competitive and business-oriented. And such a culture paves the way for successful business establishment without any hassle

Startup of Online Business In Hong Kong

It is equally important to build your online company with a future outlook in mind. It has been observed that the instinct of many startups when they enter into online business is to get it up and running as fast as possible in order to drive maximum traffic and sales. However, as it is rightly said, haste makes waste. While building an online business, you must think in terms of the future of the business. A few factors like who are your target audience, how many visitors are expected and how often the content of the website needs upgradation are something important to determine in the initial stage.

This is especially required for eCommerce businesses as the website traffic are most likely to stay at the peak during the holiday seasons. Most importantly, online Hong Kong company formation should implement an effective IT solution to efficiently manage the site in order to ensure that the website stays up and running despite the traffic variations.

Establish online company in Hong Kong

Your online business is the face of your brand-

If a customer’s first experience with your website is poor, there’s no guarantee that they will come back. Therefore, as a startup when you are entering into the Hong Kong market, it is essential that your site is optimized, and always providing high performance. Only this can ensure a seamless experience for your visitors from the very first day.

Hong Kong, the right place to establish online company-

With a straightforward tax system, the ease of obtaining bank credit and having the world’s second best infrastructure, online Hong Kong company formation is often the top choice for many entrepreneurs. With the international trading companies and banks based here, the country provides excellent financial facilities to people looking forward to establish their online business. Setting up online company in Hong Kong is an excellent way to house an organization’s global corporate profits while reducing taxes. Hong Kong is a cheaper and safer location to get started with your online business.