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Archive for category: Company Registration Hong Kong

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Things to remember while choosing a Hong Kong company registration service provider

Do you want to set up your company in Hong Kong in order to avail the easy tax laws that are applicable in this part of the world? Then the first thing that you will need to do is get in touch with a company registration Hong Kong service provider that can help your business firm to get legally signed up with the business listing of Hong Kong. According to the law of Hong Kong, any international business firm must first sign up with the local company registry in order to carry out regular business transactions. Once the company is registered with Hong Kong business listing, it can carry out its regular operations like any other business firm based in Hong Kong.

In order to manage the whole process of company registration, it is always a good idea to get in touch with a professional company that has been providing such services to international business firms for a long time. A company registration service provider can cater to the individual needs of a business firm and provide with customized help and support to get it properly registered with the listing. Hiring the help of an experienced professional also makes it possible for a firm to steer clear of all the errors that might crop up during the process of registration. It is due to this reason that experts always suggest hiring a professional company registration firm to manage such procedures.

It is necessary to choose a company registration expert in Hong Kong carefully in order to make sure that the whole process is completed smoothly without any errors. Here are some of the things that one needs to think about while hiring a company registration professional.
• First and foremost, the service provider that you choose to manage all of your company registration needs should have the necessary permit to provide such services to international business firms. Unless the service provider has the necessary paperwork, you should never provide them important information about your business firm as they are probably taking you for a ride.
• The next thing that you need to take care of is the price that they charge for their services. Take quotes from a number of service providers and then decide which of them you are going to go with. While it is true that the company will ask a minimum amount of charge for their services, you can get an idea of the most likely amount if you take quotes from a number of different service providers. Also make sure that there are no hidden costs associated with their services.
• The company’s professionals should be able to educate you about the various documents and papers that you will need for the procedure. They should also be able to tell you the various steps associated with the procedure and how long it is going to take. Such information will come in handy when you are going to prepare yourself for the official launch of your company in the Hong Kong market.

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Choose the best sort of business structure as per your Business plans

World-class infrastructure, low-tax regime, well-developed banking infrastructure, stable and free economy, gateway to the Chinese market, business-friendly environment, and some of the others factors that attract foreign business investors or entrepreneur for Hk company registration. There are three types of business structures which are accessible for foreign companies who want to establish a presence in Hong Kong which are:

  • Subsidiary Office,
  • Branch-office, and
  • Representative Office

The choice of sort of business totally depends upon the business strategy and goals. Most of the small or medium sorts of companies always choose subsidiary and representatives office while large a sort of company always chooses branch office. Here are the details which help you to choose the right form of business:

  • Subsidiary Office: - A Subsidiary company is always a Private Limited Company Registration Hong Kong. A Subsidiary company is a small or medium sort of companies, in other words, the foreign business investors who want to start a small or medium sort of company so they choose a subsidiary office. It is a separate legal entity so that the company is liable to pay their debts and equity. Setting up a subsidiary sort of company is most of the company choices or preference because it provides lots of advantages to the foreign investors.  Hong Kong allows 100% foreign ownership of the companies so that they can easily setup their company here. If you don’t know the process for company registration Hong Kong then don’t worry agency will provide you the best solution and easily register your company here.
  • Representatives Office: - Foreign investors who want to gain market exposure and have a better understanding the environment of the Hong Kong business then they can choose the representative’s office first. It is not a separate legal entity and cannot engage in any profit making activities so that the foreign investor is fully liable to pay all the debts and equity. It cannot sign any contracts and sign deals.
  • Branch Office: – Branch office is also like a representative office it is also not a separate legal entity and cannot come in any contract. So that the foreign investors are completely liable to pay all the debts and equity. As we know, that Hong Kong government permits the full ownership of the foreign companies for HK Company registration. The branch office is for that company who have large sort of business and wish to obtain the market presence.

So, these are the three types of company which the foreign investors choose according to their business plans and objectives. I hope this article is useful for you and helps you to choose the sort of business.

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Open Your Offshore Company in Hong Kong Easily

Businesses thrive because the owners pay attention to the small bucks that do not slip away. One of the ways to save money is by avoiding taxes. This means you avoid paying taxes in the legal way and save massive amounts. The way forward is through Hong Kong private companies.

Buy an old company to start

These companies have many old companies in their stock that you can buy and transfer the ownership. They have valid working banking accounts that you can use. So, from day one, you can begin your business without any trouble. You only need to pay a flat registration fee to the private company.

By paying the fees for company registration Hong Kong region to the company, you become owners of the new offshore company. You must go to Hong Kong to pay this amount of $1,050 but you can pay the amount without going there. Then, this amount becomes $1,151 which includes an additional $100 courier fees.

Form the new company

When you form your company, you get the formation package. This includes a Block File that has the certificate of incorporation (CI) five sets of the constitution (M&A), a registry of the shareholders, a business certificate (BC) a register of the company secretary, a register of charges, and a register of directors. In addition to these the private company that helps you with the formation also gives you these for one year:

  1. Provision of registered office address
  2. Provision of public fax line
  3. Provision of collection of mails
  4. Appointment of company secretary
  5. Provision of public telephone line
  6. Provision of company business address

For creating an offshore bank account, you need to pay $200 when you come to Hong Kong. You can also create one without coming to Hong Kong but the fee will rise to $350. This is for preparation of documents and allied services. They will give reports that include professional reference letters, and business name cards. They also make the brief company website and business plans.

Pay the fees

After you finish the company registration Hong Kong offshore region, you need to pay the annual maintenance fees. This fee includes the renewal and tax filing fees for No Business Done in Hong Kong. It also includes the Legal Tax-Free Application Purposes fee. This comes to $1,300. By paying this, you become eligible to various facilities such as these:

  1. Preparation of annual returns
  2. Preparation of specific power of attorney to file the tax
  3. Provide further information to Hong Kong Tax Department
  4. Make application/collect the Hong Kong Business Registration Certificate
  5. Submit profit tax return
  6. Solve corporate tax issues
  7. Prepare and issue Declaration Report on Non-business engaged in Hong Kong
  8. Follow up activities to enquiries made by the Tax Authorities

Along with the above, you also get the same facilities you got for the Hong Kong company formation such as provision of public telephone, fax, company secretary, and registered office address. You also get a registered company business address. They also provide for the collection of mails for the period of one year.

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Why Select Hong Kong For Company Registration

Honk Kong has been a place loved by entrepreneurs and you must be thinking why people love to start their company here? Prominence of the city is one thing that makes it a perfect place for business. Honk Kong is a financial center with free port. If you are planning to set up your business here then the process can be quite complicated, especially if you are not aware about the key issues like visas and taxes.

Nevertheless if you have planned to start a business in HK then all these complications can be taken care off. You can browse and collect information or check out the government website and read tips and details about starting a company in Hong Kong. Adequate knowledge will make the process smooth for you.

 Offshore-Company-Registration-Hong-Kong

Setting up or starting a business is not easy, especially in Asian countries. You need to have enough knowledge about the local business world. Understanding the local business culture will not just help you settle down but will also help your company grow. Company registration Hong Kong has options. You can either start a new company or merge with an old already existing business.

You can take experts help for registration of your company. Getting local experienced staff or consultant is also not difficult in Hong Kong but still if you are planning to start a business you need lot of time and money. Time you will need to plan business strategy which can make your company successful and also to understand all the important points for setting up business in Hong Kong.

Getting visa for starting a business in Hong Kong is not difficult. You can start a fresh one with new trademark or merge with any of the existing business. Either way you can enjoy and be the boss of your business. Most of the people in Asia can get visa for Honk Kong except for residents of mainland China and some other nations like Cuba and Lao.

Once you are ready with your visa and business plan company registration Honk Kong is easy. You need to get the application form and fill in with the details required which includes your education and professional qualification. Any small mark of offense in past can be the reason for declination of your registration form. So it is always better to check all these things before filling the application form. Jaywalking and loitering is also considered as serious crime in Honk Kong. Your business plan should be good and it should help in the growth of the economy of Hong Kong for registration.

Like any other work visa you need a sponsor for setting up company in Honk Kong. The person whom you select as a sponsor must be a local resident and should be above 18 years of age.  You can download the application from the government website or check with an expert for help and support. Once the form is with you, make sure to read it properly and fill it properly with all details. You must also provide all the supporting documents needed before submitting the form for registration of the company.

 

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HK Company Registration – Guide For Beginners

HK company registration means your company’s trademark is protected under law prevailing there. Registration of company is important because if you are not registered then other competitor companies take advantage of the situation. If you are a beginner then it is always better to get your company registered. Big companies can use other laws to protect their trademark with goodwill that they have earned.

Getting your company registered in Honk Kong is not very difficult. If you have a trademark all you need to do is fill up an application form and initiate the registration process. Even if the trademark has not been used you need not give any prove. Your application will be accepted and you will be given certificate of registration on basis of your application. But, once you are registered you have to use your trademark. If the trademark remains unused for long, about three years then your registration will be cancelled under Honk Kong law. But why is registration important? You can enjoy certain benefits by registering your company. Here are a few of them.

HK Company Registration

1. Registering your company and its trademark ensures safety. No one can use your company logo or any other information without your information. This will avoid misuse of your company’s goodwill.
2. If your company and its symbol are registered then you can use it anywhere you want. You can use it for branding or advertising your company which is important for its growth.
3. Your competitors even cannot create something identical to your symbol because you are the owner of the licence and only you can use the symbol.
4. HK company registration also gives a sense of security and also helps in creating a brand name.
5. Your trademark and license is a very big asset that you own. You can use it for expansion and also create a value by adding public offers.
5. Having a HK license means you can start planning for global marketing for growth and success.
If you have no idea about company registration in Hong Kong then you must spend some time to know more about it. If you start browsing you will come across a lot of information and details regarding company registration in Hong Kong. Detailed information about the process will make the process easier and help you plan better. You can also know about the documents that you will need for registration.

You can also take experts help and get your company registered in Hong Kong. There are many companies in HK offering business services to their customers. They will guide you through every step of company formation and registration process. The companies have expert staffs under them who is aware of the local rules and law. They will help you fill in the forms and submit it with all the documents needed so that you can easily and quickly start your business. You can browse online and check about the companies offering such service and then pick one which has experience in the field.








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HK Company Registration – Things You Must Know

Anyone who is 18 years old can open a company in Hong Kong. As a lot of people who have started their business in that age in Hong Kong would say, this early opening comes with its definite advantages. In spite of being a relatively-smaller counterpart of mainland China Hong Kong offers a whole heap of advantages for interested entrepreneurs and businessmen looking for a start in this Asian country. It has the ideal business environment where companies are able to flourish. In spite of being small, the talent base in this country – this includes people who are originally from Hong Kong and ones who are from abroad but have come and settled here and are now working – is commendable indeed.

The legal system in Hong Kong is second to none. The laws of taxation here are also really good. They are simple and thus easy to understand and implement. The infrastructure of this island country is great as well, something that bodes well for any new or established business. In fact, a lot of experts are of the opinion that if companies are looking to expand their business in Asia then they should give Hong Kong ago.

Hong Kong is also great for companies that are looking to reduce the taxes that they have to pay on the profits that they make. This is why as a growing business one of the best decisions you can take is to get your company registered in Hong Kong. Registering a company in Hong Kong can be described as a twofold process. First of all, you need to get the name of your company approved. Secondly, you need to put forward an application for registering your company in the said territory. When it comes to names of companies it may be English or Chinese or you may even have names in both the languages.

This is one of the most important guidelines for registering your company in Hong Kong. However, you need to be mindful of the fact that your company name is not a synthesis of both. It should have only English or Chinese characters. In case you want to use a Chinese name you should use the New Sai Ming font, which is the norm in these cases. This font has traditional characters used in Chinese and is also employed in ISO 10646 international coding standards. In case of English, the name of your company should end with limited. Your Chinese name should also have the same characters.

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HK Company Registration

Set up your own firm with HK Company Registration

Hong Kong is in a perfect world situated with quick and simple access to all the real markets in the Asia Pacific Region and has the notoriety of being a standout among the most business well-disposed locales on the planet. Its free market economy, sound lawful framework, effective transportation framework, condition of-workmanship telecom spines and the wide utilization of English in business have added to its appeal as a spot to set up organizations. Hong Kong is a standout amongst the most debasement free economies on the planet. English normal law and standards of value apply, and with a decent GDP for each capita and an exceptionally gifted workforce, Hong Kong is a perfect ward to enroll in an organization.
 

Additional Professional Services

At the point when discussing organization enlistment Hong Kong it turns out to be clear that more straightforward you are as for the business more straightforward turn into the odds to effectively set up your organization. With a specific end goal to change the level of straightforwardness the main recommendation is to take the assistance of experienced and up and coming officials that will likewise give the best results. It can help you in all parts of setting up an organization in Hong Kong. HK Company Registration has turned out to be so compelling in expanding the matter of both Hong Kong and the entrepreneur.

 

Highlights of Tax Assessment

Hong Kong receives a regional source rule of tax assessment. Just benefits which have a source in Hong Kong are assessable. Seaward business exercises are 100% assessment free. The duty rate is low, at just 16.5% of net benefits, with no other assessment frameworks, for example, VAT, business expense or capital increases charge. There is no statutory necessity that the shareholders or executives be occupants of Hong Kong. A Hong Kong organization can be a phenomenal instrument in entering the Chinese showcase and can be utilized as a mediator when exchanging with China.

 

Prerequisites Needed

An abroad individual can be delegated as the shareholder and chief of a Hong Kong organization. There must be at least one executive and one shareholder. One individual can be both an executive and a shareholder. Hong Kong organization consolidation requires an enlisted office in Hong Kong and a Hong Kong occupant individual or Hong Kong partnership to go about as the secretary. The enrolled name of an organization must end with the word Limited to signify restricted obligation. Opening a ledger for your HK Company Registration is a moderately straight forward process. In request to open a corporate financial balance for your Hong Kong organization, an eye to eye meeting with the bank might be required. However because of the tremendous system of exceptional connections inside of the managing an account segment, an eye to eye visit should not have to occur. It can assist you with a whole range of additional professional services in relation to your Company Registration Hong Kong.

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Company Registration Hong Kong


Expand Your Company Registration Under Hong Kong Jurisdiction

 

Forming offshore companies under any jurisdiction takes into consideration a lot of factors. We are here to help you register offshore companies under a variety of offshore jurisdiction. The choice is yours. But if you ask us, we would recommend company registration in Hong Kong.

Offshore Company

First, we should have a rough idea what an offshore company is. In simple terms, an offshore company is one which is registered in a country other than in which you live. The companies registered in your home country are known as Local Companies. So why register as an offshore company? The following are the reasons –

  • Enjoyment of Low Tax or Free Tax Business.
  • Protection of Privacy.
  • Allowance to engage in special kinds of businesses.
  • Expansion of business outside the purview of your home country.

Local businesses can also be run with offshore registration but with some limitations in some cases. Basically having an offshore registration adds an extra advantage to the company.

offshore incorporations hk limited

Offshore Jurisdiction

Offshore jurisdictions are actually the countries which allow the registration of offshore companies like company registration in Hong Kong.

Of the various offshore jurisdictions we help offshore companies register under we suggest company registration in Hong Kong.

Why Hong Kong?

Before we dive into this, we should consider a few factors while choosing an offshore jurisdiction. The factors to be considered as follows –

  • Tax consideration
  • Protection of Privacy
  • Bank Opening
  • Trust arrangement
  • Legal and political systems of the jurisdiction
  • Fee structure
  • Processing time
  • Simplification Process
  • The reputation of the jurisdiction.

As already mentioned, we recommend, company registration in Hong Kong or company formation in Hong Kong. Let us look into the reason from every point as mentioned above –

  • Hong Kong is using a territorial tax system, which means only businesses done in Hong Kong are taxable. The businesses carried out outside Hong Kong are legally tax free!
  • The privacy law doesn’t allow companies to give out client details without the permission of the clients, which is otherwise chargeable under the criminal law.
  • Being an important financial centre, it is easy for companies registered under Hong Kong jurisdiction to open banks anywhere in the world.
  • Under the trust arrangement, for business reasons, we can provide nominees directorship and nominees shareholder through trust law of Hong Kong.
  • Hong Kong uses the UK legal systems, though it is a part of China.
  • The fee for company startup is comparatively low than other jurisdictions.
  • With the help of Online Registration System, company registration can be processed in hours avoiding a lot of unnecessary delay. Only an online passport copy has to be submitted and the registration will be complete in a few hours.
  • As Hong Kong is an international well-known financial centre, it is easy to get contracts order if use Hong Kong company to sign contracts.

So after considering all these points, company registration in Hong Kong is highly recommended if you are looking to register under an offshore jurisdiction.

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