5 Simple Techniques For register company Hong Kong

Constrained Company (by assure): Guarantee users With this company set-up aren't shareholders making financial investment. Somewhat, they comply with contribute a predetermined sum to deal with the company’s liabilities In case the company closes.

Hong Kong was not too long ago rated seventh in the most up-to-date edition of the Global Competitiveness Booklet, and there are several reasons for its large position, such as its favourable tax program, small business-welcoming environment, stable legal and political setting, and mental residence security.

Biz & Fowl offers accounting, audit referral and taxation products and services To help you in complying Using the applicable restrictions. Other needs may include things like acquiring necessary licenses and permits for your small business routines.

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Selecting how you can register your company is vital to think about, because it can impact numerous elements. Here are a few items to bear in mind, despite which selections you decide on:

Once you have correctly registered your company, you'll be able to deal with the next measures, which include opening a business bank account, acquiring the suitable permits and licenses from your authorities, and managing your bookkeeping and accounting.

Having said that, the regulation stipulates that their initial tax return needs to be filed in eighteen months with the day of incorporation for freshly registered sole proprietorships.

These are the first connection with government bodies just like the Inland Income Division, the Companies Registry, as well as the Hong Kong Stock Exchange. The company secretary will usually act since the specified consultant on the company’s substantial controllers’ register. Moreover, the company secretary organises and prepares the agendas and can take minutes within your board and once-a-year general meetings.

Because of this the company development system may be completed on the net, with none meetings to attend or paperwork.

The method for opening a company bank account in Hong Kong is comparable to that in other regions but consists of some unique measures. It is critical to have your company entirely operational and demonstrate a feasible business enterprise model to make sure the lender trusts The steadiness and potential customers within your undertaking.

Once the company is registered, company homeowners can still change the registered handle. If you decide to update your registered handle, We've got a few (3) significant reminders. If you want extra information or a action to step information, you are able to look at our weblog “How to alter your registered handle“.

If at some point, you modify many of the particulars within your sole proprietorship, additionally, you will have to have to inform the Inland Earnings Office of those variations inside of 1 thirty day period in the time the adjustments had been created.

Additionally, you will require to choose and discover an suitable business enterprise title for your sole proprietorship. Once you have selected your small business name, you can then be capable to apply for registration.

Also, banking companies tend company formations to be incredibly occupied just before and following general public vacations, so I’d advise non-nearby people to e book at the very least 10 times ahead of time during peak time. No stroll-in is authorized. It's also advisable to Be aware that company banking opens from Monday to Friday only.