Procedure to Register the Private and Public Company Online in Hong Kong

Some of the companies operating by private or some are the public limited company. Your company name can be English, Chinese and the combination of English & Chinese. But the name must be unique that no another company have.  As Hong Kong is new for foreigner and they do not know the procedure of company formation in Hong Kong. So, you must hire the agency in Hong Kong who provide the best services and make your procedure as simple as it. And if you don’t want to travel Hong Kong so just file the application online.

There is two type of company in Hong Kong which you can set up here:

      Private Company (Limited by Share)

      Public Company (Limited by Share)

The main difference between both the public and the private company is as follow:-

§  A minimum number of member is required in public company is seven whereas in private company is two member.

§  There is no limit on a maximum number of the member whereas there are not more than 50 members in private company.

§  The private company is required to end with the word private limited where the public company needs to end with the word “limited”.  

After getting the name of the company you have to go ahead the next procedure which name is suitable to your company. Company name should be related according to services you offer. After that, you have submitted your company name to the agency then they will confirm its availability and prepare all the related documents for further process. Documents are Article of Association (AOA) and Memorandum of Association (MOA). After that, you have to appoint one Director and one shareholder and one Company Secretary, where director and shareholder act as same and director and shareholder can be of any nationality. You must hire a resident company Secretary and it cannot be the same as director and shareholder.

When you have all members of Company which are required to form a business then the next step is to submit the documents of director and shareholder which include copies of passport and address proof. Address proof can be electricity bill, rent bill, etc. after that agency will contact you for the further process which fills the application for registration of certificate and sign it and send back to them by e-mail.

When you receive the company incorporation certificate then file the further documents which are required for Private and public company registration online in Hong Kong.

1.      Memorandum of Association (MOA) and Article of Association (AOA)

2.      Statutory declaration

3.      Authorized and issued share capital

Finally, the company incorporated to the Inland Revenue for a Business Registration Certificate and after that, it will take 10 days’ times to incorporate the company in Hong Kong. We at Stephen M.S. Lai & Co CPA Limited offer the company incorporation or registration in Hong Kong. We provide both Private and public company registry of Hong Kong.

Why You Should Own Your Hong Kong Holding Company formation?

Selecting the perfect place for a Holding Firm can be a stupendous task. The blend of getting a place that enables you to minimize on tax, cut expenses, and counter the consistently transforming risks can be confused. Recently, an increase of Taiwan and China into World Trade Organization has made the whole market an overwhelming fascination.

  

Indicators Perfect Location to Set Up A Holding Company

 

Ø  Relatively low tax regimes

Ø  Well-developed infrastructure

Ø  Stable government

Ø  Stable financial system

Ø  Supportive government

Ø  Low levels of involved risks and costs

Ø  Business-friendly environment

Why is Hong Kong the perfect location for Holding Company?

Many organizations anticipating setting up their operations in South East Asia consider Hong Kong as the gateway. Its locations and independent operations from Mainland China have empowered the government to work on creating the best business condition for offshore organizations. Here are additional advantages of Hong Kong holding company formation.

1)    Great ease of doing business:-

Having a world-class economy, good infrastructure, supportive government, low tax regime makes the offshore company incorporation process easier.  For Hong Kong Holding company formation, it resembles you have registered in two countries by putting resources into one. After setting up a business in Hong Kong and wish to open trade with Mainland China, you will be offered inclination to a different organization.  

To place it in an unexpected way, a foreign investor specialist focusing to go into China straightforwardly will think that it’s very difficult contrasted with another comparable investors or entrepreneur entering China through a Hong Kong holding company formation. This is an exceptionally helpful approach to get to the enormous market that is China.

2)    The process of setting up a company in Hong Kong is very easy:-

You just require 14 days to have an organization completely set up and prepared to begin operation. Essentially accumulate the applicable documents including the passports of shareholders, physical address, Memorandum of Association and company’s secretary points of interest to have the procedure began promptly at the organization registry. The procedure is simple to such an extent that you can considerably register the organization in absentia with the help of an agency or a firm.

3)    Low tax regime:-

Hong Kong provides an attractive taxation policy to resident or offshore business investors. For Hong Kong company formation, this taxation policy was designed to help businesses grow and expand in the region. If the company generate profit inside the company then he is liable to pay 16.5% tax on that profit. If the company generate profit outside the company then he is liable to pay 0% tax on that profit. Besides, Hong Kong does not have value added tax, capital gain tax or sales tax. It does not have a restriction on capital flow so, you can move with a   large amount of money to do business and earn profits.

Hong Kong has a very stable regime:-

The Hong Kong Holding company formation and legal system are secured on the Common English law that is a profoundly professional trade.
The government encourages the business operations and does not interfere with showcase powers so the economy stays vibrant consistently. These, together with a powerful financial system makes it simple to get to reserves, run activities, and meet every single operational commitment effectively.

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.