Thursday, July 25, 2013

A Primer on Hong Kong Company Registration

Any particular person above the age of 18, can register an organization in Hong Kong. And plenty of enterprise homeowners can attest that doing so presents many advantages. This small island has the sort of environment that makes companies flourish. Despite its measurement, it has a wide pool of native and overseas skills, established authorized system, easy taxation laws, and nice infrastructure. So in the event you're looking for the best platform for enterprise expansion in Asia, otherwise you're simply looking to scale back taxes on your small business good points, Hong Kong company registration is perhaps the most viable solution.

A Take a look at Company Registration Hong Kong Process

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

Company Name Approval

Earlier than applying for company registration, your proposed company title needs to be accredited first. Listed below are the fundamental title pointers:

    The title may be in English, Chinese language, or you can suggest both an English and Chinese language title to your company; but it shouldn't have mixed English phrase/letter and Chinese language characters.
    If you'll suggest a Chinese language title, it ought to follow the usual "New Sai Ming" font, which are conventional Chinese language characters also used in the ISO 10646 worldwide coding standard.
    The English title should finish with the phrase limited. For Chinese language names, it must have the equivalent Chinese language characters.

Causes for rejection will more than likely fall in the following circumstances:

    The proposed title infringes on other trademarks.
    The title is already listed in the Index of Company Names.
    The title is contrary to public interest or considered offensive.
    Words, equivalent to Bureau, Trust, or Cooperative, to name just a few, must be accredited further by the Chief Executive since names with these words might contravene other legislations.

Application for Hong Kong Company Registration

As soon as the title is accredited the process to apply for company registration can now commence. To do this, the following documents need to be offered:

    Incorporation Form - ought to embrace the accredited title; brief particulars of company's enterprise actions; liability and rights of members; registered address, particulars of directors, authorized secretary, and shareholders; and share capital on incorporation.
    Copy of passport, overseas address, and proof for overseas shareholders and directors; or ID card for locals.
    Certificates of Incorporation of Guardian Company - in the case of corporate directors and shareholders.

As soon as these documents are accomplished, Hong Kong company registry requires a registration fee in addition to a nominal capital fee, which is HKD 1.00 for every 1,000 shares. The capital fee is not more than HKD 30,000 per case. The appliance is generally processed inside ten days or so. As soon as the registration has been accredited, the approved agent (as listed in the Incorporation Form) must gather the Certificates of Incorporation from the registry personally. Within the event when the approved particular person can't personally gather the certificate, a written authorization will suffice to appoint a consultant to gather it instead.

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