Friday, July 12, 2013

A Primer on Hong Kong Company Registration

Any individual above the age of 18, can register an organization in Hong Kong. And plenty of enterprise house owners can attest that doing so provides many advantages. This small island has the type of environment that makes companies flourish. Regardless of its size, it has a large pool of local and foreign abilities, established legal system, simple taxation legal guidelines, and great infrastructure. So in case you're searching for the fitting platform for enterprise growth in Asia, otherwise you're merely seeking to reduce taxes on what you are promoting gains, Hong Kong firm registration might be essentially the most viable solution.

A Have a look at Hong Kong Company Registration Process

The registration course of entails -fold procedure, which includes firm title approval and the applying for firm registration.

Company Identify Approval

Earlier than making use of for firm registration, your proposed firm title needs to be authorised first. Listed below are the essential title tips:

    The title may be in English, Chinese language, or you possibly can suggest each an English and Chinese language title to your firm; however it should not have combined English phrase/letter and Chinese language characters.
    If you are going to suggest a Chinese language title, it ought to follow the standard "New Sai Ming" font, which are traditional Chinese language characters also used in the ISO 10646 worldwide coding standard.
    The English title must end with the phrase limited. For Chinese language names, it should have the equal Chinese language characters.

Causes for rejection will almost definitely fall in the following circumstances:

    The proposed title infringes on different trademarks.
    The title is already listed in the Index of Company Names.
    The title is contrary to public interest or considered offensive.
    Words, resembling Bureau, Belief, or Cooperative, to name a few, would have to be authorised additional by the Chief Government since names with these phrases would possibly contravene different legislations.

Software for Hong Kong Company Registration

Once the title is authorised the process to use for firm registration can now commence. To do this, the following paperwork need to be presented:

    Incorporation Kind - ought to embody the authorised title; brief details of firm's enterprise activities; liability and rights of members; registered handle, particulars of administrators, legal secretary, and shareholders; and share capital on incorporation.
    Copy of passport, foreign handle, and proof for foreign shareholders and administrators; or ID card for locals.
    Certificate of Incorporation of Father or mother Company - in the case of company administrators and shareholders.

Once these paperwork are accomplished, Hong Kong firm registry requires a registration charge as well as a nominal capital charge, which is HKD 1.00 for every 1,000 shares. The capital charge is not more than HKD 30,000 per case. The application is generally processed inside ten days or so. Once the registration has been authorised, the authorized agent (as listed in the Incorporation Kind) should gather the Certificate of Incorporation from the registry personally. In the event when the authorized individual can't personally gather the certificates, a written authorization will suffice to appoint a representative to collect it instead.

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company registration hong kong

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