Easy Procedure for Hong Kong Online Company Registration

There are so many reasons a business owner prefers to set up operations in Hong Kong when he is planning to expand his business outside his home country. For a foreign company, Hong Kong offers a very business friendly environment with an amenable tax structure. There are several agencies which can help do the initial paperwork while incorporating a company in Hong Kong. This city also has a dependable pool of skilled professionals who can help run the business smoothly. Hong Kong is truly cosmopolitan with businessmen and professional from all over the world living and working here. The city offers easy access to some of the most profitable markets of Asia.

When a new company is to be incorporated in Hong Kong, there are well explained and easy steps to be followed. Before initiating the process, the business owner needs to choose a name for his firm. The name should be in English and Chinese. It should not match any name already taken, and neither should it infringe any trademark used by another firm. Once the name is finalized, a postal address needs to be finalized for the firm, which shouldn’t be just a post box. It should be a real address that exists physically. If the business owner finds it difficult to buy or lease any office space, he can utilize the services of any agency that can provide a postal address and office.Additionally, the authorities have also set up websites to facilitate the process of Hong Kong online company registration.

After these two issues are taken care of, the business owner needs to fill up two forms (one for incorporation, the other for business registration), complete the Articles of Association, and then log on to the website of the Companies Registrar for applying for incorporation. The necessary fees can also be paid online. If there are no queries, then the incorporation certificate would be issued the same day.

Certain Things Which You Need to Take Care for Company Formation Hong Kong

Hong Kong is one of the free economies in the world, and it is the best place to start a business. It has a stable economy and a proper gateway to the booming economy China. Hong Kong is a structured to support company development and has a booming economy in the world so it is easy to start a business here. Staying Hong Kong to run a company is not required; you can run a company without traveling Hong Kong.  You just need a resident company secretary to take care of your office and all the expense of the company. You also have little bit knowledge of taxes for successful business but the good things are that Hong Kong company formation has simple tax benefit and you do not have any problem about company formation in Hong Kong.

Before the formation of the company, you need to take care of certain things that help to increase company success. The following points will help you for Company formation in Hong Kong.

1.       It is important that your product or service idea is completely unique and capable of getting the best results in no time. You have clear pictures of your goals and objectives in order to succeed in a foreign country. Hong Kong is the best place to assess your own idea as it welcomes innovation with open arms. But first of all, you have to set all the things before you come into the world of unpredictability.

2.     For ong HoHong Kong company formation process, there is required a lot of paperwork or documentation for company Formation in Hong Kong.  So, you can hire a professional agency that is eligible to provide these facilities and take care of all the process done by own and do not face any problem.

3.     To start any business in Hong Kong, you have required a registered address and residential company secretary. If you are not able to present in Hong Kong throughout the world then the agencies provide the virtual office address that is used to start a business in Hong Kong.

4.    After company registration process, you have to require the office bank account. From this process, you need to travel the Hong Kong because the bank officer asks a question related to business that what is your company plan? And why are you setting up your business Hong Kong?  After having this interview you can get an e-mail from agency side that you’re previous all process is completed successfully and now you are the owner of the Company.

5.     After company registration in Hong Kong, you have to open a bank account with e-banking services at one of the globally recognized bank HSBC banks who can take care of your all business transactions. You will capable of opening a bank account after the registration process.

Here are some points that you should take care and always stay in mind while Company formation in Hong Kong.   We at Stephen M. S. Lai & Co. CPA Limited, offering this company formation procedure and make this process more simple and reliable.

HK Company Formation- Tips to Entrepreneur’s for Forming Offshore Company

Hong Kong is the best play for forming offshore company because there is no specific law prevailing here for such business. Moreover, the tax regime and foreign exchange control makes it a perfect business destination. Here are some details for you to help you decide on HK company formation.

1. There are many benefits that you can enjoy by setting up an offshore company in Hong Kong. Firstly, the place is ranked on top and is considered as a centre of business because starting and setting company here is very easy. You can avoid unnecessary problems like special authorization from government authority etc. Foreign ownership policy in Hong Kong is favorable for business. Along with political stability you can enjoy tax benefits by setting up business in Hong Kong. Tax here is considered to be the lowest and especially for offshore companies it is favorable. There is no tax applicable on VAT, capital gains, dividends and interests. Moreover, income sources from other countries are also exempted from tax. So if you are planning to set up an offshore company with income from abroad then you will not have any kind of tax liability in Hong Kong. You are free to open and operate your company.

2. Politically Hong Kong is very stable. Hong Kong has its own judicial system and by far it is considered to the second best in Asia.

3. There are two options available in Hong Kong for establishing offshore company. You can either register and have a new company or invest in a shelf company. Registering complaining in Hong Kong is simple and easy. If you have all the required details ready, then the procedure can be completed within one week’s time frame.  If you are purchasing a shelf company in Honk Kong, then as the name suggests it is already registered and you will get all the required legal papers. Once the company is purchased you can change its name and modify it by adding share capital, appointing directors and shareholders. These kind of registered or shelf companies are only considered by people who are in a hurry and want to start off immediately.

 

4. There are rules that you need to follow for HK company formation and registration.  You must decide on a company’s name and get it approved by the Hong Kong Companies Registry. You can appoint unlimited number of directors but at least one is necessary to get the company registered. Director you are appointing can be a resident of Hong Kong or a foreigner. Next, you can have one to a maximum of 50 shareholders, either resident or non-resident in your company but ensure that you have a person in the post before registration and also to smooth the process. Appointment of company secretary is mandatory in Hong Kong.

5. Company in Hong Kong can only be registered if it has a physical address. You cannot use a PO Box address for registering company in Hong Kong.

6. Share capital can be any amount but it’s an important element for HK company formation and registration.

Importance of Companies can be known from HK Company Formation

The collection or the association of the individuals whether they are legal persons, natural persons is termed as company. They are sharing the common purpose and unite in order to focus their multiple skills and talents. They are even organizing their collectively available resources and skills to achieve declared goals. They are taking many different forms. They are as follows:

• Banks and Financial entities
• A group of soldiers
• Voluntary associations such as the non-profit organization

These can be created at a law as a legal person so that they can accept the liability which is limited for the civil responsibility.

 

Companies which are Largest

The companies which are the largest are as follows:

• Saudi Aramco
• Chevron
• INH
• Eni
• Apple
• Bank of America
• HSBC
• Ford
• AT&T
• BNP Paribas
• China construction bank
• Tesco
• Verizon
• IBM
• Carrefour
• Siemens
• Tata
• Nestle
• United health

HK company formation information can be known from many books which are talking about many companies. The important values are being revealed publicly in the company’s annual reports.

Etymology of the Company

The English word company has its origins in the military term campaign of the Old French and originally from the Late Latin word companio. In the United States, a company is association, partnership, corporation, fund, trust and joint-stock company, whether incorporated or not and any trustee, receiver in the bankruptcy or the liquidating agent for any foregoing. In the US, a company is not said to be a corporation. A partnership is not said to be a company in Britain. It is referred to as the firm. The limited association of the individuals is sharing the capital by the guarantee. These are formed by the letters patent.

Advantages of Statutory Companies

There are certain companies which have been formed by the private statue which is passed in the relevant jurisdiction. HK company formation information can be known from many journals which are talking about various aspects of the companies. The owners of these organizations are being termed as the members in the legal parlance. There are lot of sub categories of all these types of large organizations which can be formed in the various jurisdictions in the world. These are distinguished for the regulatory and the legal purpose between the private and the public companies. The private organizations are not having publicly traded shares. There are most of the corporations by patent letters which are the corporation soles.