The Best Way to Setup Company in Hong Kong
December 21, 2021 (Investorideas.com Newswire) For years, Hong Kong has stood out as an investment hub, which serves as a springboard for brands to become multinationals. Whether your company is underperforming or the market is shrinking, taking it to a high-potential jurisdiction, such as Hong Kong, can be an excellent idea. Hong Kong serves as the main gateway to Mainland China, giving you access to a market of more than 1.4 billion people. To take advantage of this jurisdiction, you need to setup a company in Hong Kong.
Keep reading as we demonstrate the process of company registration in Hong Kong. We will also explain the benefits of using an agency of experts to setup company in Hong Kong.
The Process of Company Setup in Hong Kong: What Do You Need?
One of the reasons why a lot of companies are coming to Hong Kong is that the process of registration is pretty simplified. Despite this effort, the process is still complex for foreigners and you should work with an agency of experts to setup company in Hong Kong. Here are the main requirements:
- Name: Get the company name by searching in the registry and having it reserved.
- Company directors: These can be a minimum one, but there is no maximum limit.
- Shareholders: These can be real people or corporations that own the original shares of the company. You can have a minimum of one or a maximum of fifty shareholders.
- Company secretary: This is a senior company official who must be a resident in Hong Kong. The secretary is the custodian of the legal documents of the company.
- Significant controllers register: This is a document that captures the details of persons or entities with significant control over the company.
- All the company registration documents: These include a duly filled company incorporation form plus copies of passports and proof of residences of directors, shareholders, and company secretary.
Company Setup in Hong Kong with the Help of an Agency of Experts
The simple, fast, and most convenient way to setup company in Hong Kong is working with an agency of experts. Instead of trying to prepare all the documents on your own, the agency of experts will help to ensure they are done professionally. It also means that you do not have to book the next flight to Hong Kong to file the documents with the registry- the agency will do it for you.
When you contract experts to help with company registration, they provide a complete company registration kit containing the company chop, company seal, share certificates, registers, and articles of association. Experts can also provide your company with the following services:
- Provision of company secretary and registered office: These are core requirements for every company to get registered in Hong Kong. Instead of using a lot of effort and money to search for them, the selected agency of experts can act as your company secretary and registered office.
- Open a bank account: This is another crucial component that is required for your company to start operating. The selected agency can also help you gather due diligence documents, arrange appointments, and prepare all the required documents.
- Employment visa handling: If your company requires employing foreign staff, the selected agency can help you to review the required documents. It will also be there to serve you as the authorized tax representative of the company and give advice.
These are only a few of the services that you can expect by working with an agency of experts. Others include trademark registration, company closures, and bookkeeping. A good agency can also help with payroll management. When it comes to registering and growing your company in Hong Kong, let an expert hold your hand.
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