Why is Company Registration Necessary?

It has an exceptionally effective transportation system, working the legitimate system and best in class media transmission infrastructure makes it the objective of entrepreneurs. The utilization of English in this City additionally elevates its appeal as the perfect area to start a business. Hong Kong follows English common law which advocates for the principles of value or rules of equity. It has a highly skilled workforce that is its delegated jewel. This benefit attracts business investors to put pen to paper. 

When you register company in Hong Kong online then it requires a straightforward way to deal with business. This adds to the chances of having your organization effectively settled. Keeping in mind the end goal to accomplish the level of straightforwardness required, you could consider hiring the services of experienced officials who are fully informed regarding techniques that can enhance your business results.

Requirements:-
a)    When you want to register company in Hong Kong online, then you can appoint foreign business investors as its director and shareholder.
b)    There is at least one director and shareholder is required. One individual can bend over as director and shareholder
c)    The minimum share capital prerequisite is HK$10,000. This amount shouldn't be paid in advance.
d)    Company incorporation in Hong Kong requires a registered office in the ward and an inhabitant individual or a nearby organization to go about as secretary.
e)    When you register company in Hong Kong online then the company name should end with the word Ltd or Limited. This state limited liability. 

When you register company in Hong Kong online then the procedure of bank account is clear. You might be required to meet personally with the bank. Be that as it may, due to the expansive system of extraordinary connections in the banking sector, it might be superfluous to do as such. Opening the bank account for your organization may pick up your access to additional account highlights. Some extra corporate account benefits like credit/debit cards, low transaction fees, internet banking, multi-currency accounts.

There is any company that fails to apply for company registration in Hong Kong will pass up a major opportunity for lucrative business openings. This financial center gives organizations all the need incentives for development. This city is a doorway to China and numerous other world markets.

Easy Procedures for Company Formation in Hong Kong

The principal corporate legislation is the Companies Ordinance. The sort of companies that are used for international investment or trade is “Private limited company”.  A Hong Kong company have all the powers same as natural persons. The official language in Hong Kong is English or Chinese. 

 There are two types of companies which foreign investors start in Hong Kong which includes:-

1)      New company in Hong Kong

2)      Already foreign existing company in Hong Kong or Shelf Company

You can hire an agency for Hong Kong company incorporation; they are providing high-quality services to the foreign business investors and make their entire process easier and reliable at a good cost. For this process, you did not need to go anywhere; you just have a laptop and internet facility with you. Just visit consulting firm’s website and fill the online application form and after that professional persons will shortly reach you to guide next steps.

Hong Kong Company Incorporation Procedures:-

1)      Choose the type of company which you are going to start in Hong Kong. You can choose either a new company or existing company according to your business plans & objectives. Agency will help you to choose the best options.

2)      After choosing the type of company, you have to choose the company name which is unique and related to your company services. The company name must be in English or Chinese and both English or Chinese.  Agency will provide you the best company name list which is related to your services then you have to choose the best among all options.

3)      Then you have to submit the required documents for Hong Kong company incorporation which is Memorandum of Association (MOA), Article of Association (AOA), and Declaration of Compliance.

4)      After submitting the documents, the agency will give you some documents which you need to sign and send back to them through emails.

5)      Within 10-14 days, you will receive a Certificate of incorporation.