Hong Kong Company Registration

Registration of a Company in Hong Kong is not a complicated affair. Nevertheless, there are a few points to know about the process that may make it easier for you. Right here are a few of the highlights of things that should 

Company Name

If you are registering a limited Hong Kong business, the name needs to finish in the word restricted. Your business name can be a Chinese name or an English name. You are additionally free to make it a mix of both. You may also add the name of a nation to your company name. It might additionally be the name of a city or community. One of the most important feature of your name is that it be unique. It must not infringe upon the name of another registered Hong Kong business.

Business Concerns

You will not have a lot of restrictions on the type of business that you open. However, it is best that you mention the scope of your business when registering a Hong Kong company. Yet, this is not mandatory, as you are not required to do so.

Company Management

If your Hong Kong Company Registration is for a limited business, there are 3 crucial disclosures that you require to make. These information have to be available for public search.

1. Shareholders - at least one shareholder should be should be detailed. The shareholder has to be at the very least 18 years of ages. That individual can be local or foreign.

2. Directors - one supervisor requires to be provided for an exclusive company. If the business is public, there need to be two directors. Directors have to be in control of the firm and need to have functioning knowledge of all elements of the business daily procedures. The must also see that the business follows all legislations and also guidelines that apply.

3. Legal secretary - This need to be a local resident and also can not be just one of the supervisors or the licensed investor. This assistant serves as the crucial management police officer. The assistant is usually selected by the supervisor as well as serves as the "go in between" with the director of the firm top monitoring. Tasks will certainly consist of taking minutes of meetings, organizing meeting and declaring lawful company papers.

Capital Requirements

Paid-up funding requirement only be the amount of one buck. Registered capital is a various tale. It can be just $10,000. Nonetheless, business that seek financial investments in China will need considerably more.

Basic Steps for Company Registration in Hong Kong

1. Application form needs to be filled out with payment.
2. All legal documents must be personally signed.
3. Documents are forwarded to the proper government department.
4. This should take seven to fifteen working days.
5. Within three months you can pick up all necessary paperwork.