Any person above the age of 18, can register an organization in Hong Kong. And lots of enterprise homeowners can attest that doing so gives many advantages. This small island has the kind of environment that makes companies flourish. Regardless of its measurement, it has a large pool of native and foreign talents, established authorized system, simple taxation legal guidelines, and nice infrastructure. So when you’re searching for the right platform for enterprise expansion in Asia, you’re merely looking to scale back taxes on what you are promoting features, Hong Kong company registration may be the most viable solution.
Have a look at Hong Kong Company Registration Process
The registration process entails twofold procedure, which incorporates company title approval and the appliance for company registration.
Company Identity Approval
Before making use of for company registration, your proposed company title must be accredited first. Listed here are some essential tips regarding title:
1.) The title might be in English, Chinese, or you possibly can propose both an English and Chinese title for your company; however it shouldn’t have mixed English word/letter and Chinese characters.
2.) If you’re going to propose a Chinese title, it should comply with the usual “New Sai Ming” font, that are traditional Chinese characters additionally used in the ISO 10646 worldwide coding standard.
3.) The English title must finish with the word limited. For Chinese names, it must have the equivalent Chinese characters.
Reasons for rejection will probably fall in the following circumstances:
i. The proposed title infringes on other trademarks.
ii. The title is already listed in the Index of Company Names.
iii. The title is contrary to public curiosity or thought-about offensive.
iv. Words, reminiscent of Bureau, Belief, or Cooperative, to call a few, must be accredited further by the Chief Executive since names with these words may contravene other legislations.
Application for Hong Kong Company Registration
As soon as the title is accredited the method to use for company registration can now commence. To do this, the next paperwork need to be offered:
I. Incorporation Form – should include the accredited title; brief particulars of company’s enterprise actions; liability and rights of members; registered address, particulars of administrators, authorized secretary, and shareholders; and share capital on incorporation.
II. Copy of passport, foreign address, and proof for foreign shareholders and administrators; or ID card for locals.
III. Certificate of Incorporation of Guardian Company – in the case of corporate administrators and shareholders.
As soon as these paperwork is completed, the Hong Kong company registry requires a registration fee as well as a nominal capital fee, which is HKD 1.00 for every 1,000 shares. The capital fee is not more than HKD 30,000 per case. The appliance is normally processed in ten days or so. As soon as the registration has been accredited, the licensed agent (as listed in the Incorporation Form) should collect the Certificate of Incorporation from the registry personally. In the occasion when the licensed person cannot personally collect the certificate, a written authorization will suffice to appoint a representative to collect it instead.