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.

Hong Kong Tax System and Infrastructure for Business Benefit

Hk company registration:-

Hong Kong is the most liberal economy in the world. Therefore, opening a company and HK company registration is simple and fast. Being a smaller counterpart of mainland China, Hong Kong offers several advantages for potential entrepreneurs and businessmen who are interested for a startup business in this Asian country. Hong Kong lends the perfect business environment to help companies flourish in the long run. Not only it allows people who are originally from Hong Kong to set up their business but also provides enough opportunity for the ones who are from abroad and have come here to work and settle.

The tax system of Hong Kong:-

You can run your business from any country in the world. The straightforward tax system of this country is second to none. For HK company registration, a company is considered to be tax resident if its management is exercised in Hong Kong. And these companies are taxed on a territorial basis. This means the companies are taxed only for the income accrued and generated from Hong Kong. The tax system does not include foreign income.