The appliance will have to fulfill all the requirements of the Companies Ordinance. The Companies Registry might have to have the provision of additional information or documents in support of the applying.
As compared to other small business structures, registration of sole proprietorships in Hong Kong may be very uncomplicated and substantially far more manageable. As mentioned higher than, registration requires just one single move of registering the enterprise at the Inland Income Office.
Step one to register a company in Hong Kong is to choose a company identify. A Hong Kong minimal company can have its title expressed in English or in Chinese, or with names in both of those languages.
Whole Command: You retain comprehensive autonomy in excess of the registration approach, ensuring all aspects align using your preferences.
It's important to notice that in the partnership, obligations are shared among the companions. Subsequently, a business registered as a partnership does not possess a independent legal id, and all companions are Individually held accountable for that debts, liabilities, and actions of the business enterprise, which include Individuals undertaken by other companions.
You can enhance the share money and allot new shares to new shareholders in the future Aside from allotting new shares, You may also transfer your shares or ownership to other get-togethers.
However, it's not what bankers are looking for. Financial institutions are usually not ready to guage no matter if your small business will probably be profitable. Also they are not interested in your enterprise design. They ask for the business enterprise strategy since they attempt to fulfill their Anti-Funds Laundering Guidelines policy. Consequently, The key
Registered Workplace deal with payment: It’s a prerequisite to possess a registered Office environment handle in Hong Kong. This may require fees connected to leasing Actual physical Business House or utilizing Digital Workplace companies, which can get started at about HK$2,000 a year.
Immediately after securing a company license to your sole proprietorship, the following step might be to open up a company banking account. This stage may even be reasonably quick, as there is a wide array of banking establishments inside of Hong Kong you could Select from.
General Partnership: Companions bear limitless personal liability with the partnership’s obligations along with the actions of other partners.
Yet another levy to the Security of Wages on Insolvency Fund, a sum achieving possibly HK£one hundred fifty or HK$450, based on how a few years the certification is to remain valid, a person or a few several years.
Strategic Area: Hong Kong's placement for a strong world wide money hub can make it a really perfect launching pad company formation for corporations wanting to enter the Asian sector.
The paperwork demanded for company registration incorporate the finished incorporation variety and business registration application kind and a duplicate with the company's Articles of Association.
When setting up your company in Hong Kong, you have got to think about who to appoint being a director and who to appoint as a secretary. That is something that international founders may well struggle with, as their networks in Hong Kong may have further more improvement.