When thinking about the robust lawful method in Hong Kong, It can be essential to Be aware the strong lawful framework, transparent hong kong legal guidelines, along with the presence of an independent judiciary. These areas add to some protected ecosystem for company operations, notably for A personal constrained legal responsibility company.
The name that you select really should not be offensive or have any wording that will imply a backlink with the government of Hong Kong.
Are they accredited?To check no matter whether a company is accredited to offer company formation, company secretary and registered tackle services, you are able to input their company identify and license quantity on the Government Web site.
Some distinct goods for import and export want even more registration. Remember to reference the web site with the Trade and Field Office for further facts. You could possibly locate additional facts related to the licensing of other companies, which includes those outside of imports and exports, here. ⁶
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Compared with Singapore, foreigners are allowed to have one hundred% Charge of their confined company in Hong Kong. Put simply, a foreigner might be the only real director and shareholder. There is no require to have a neighborhood director or shareholder. When there isn't any Categorical limits in nationality, most accredited brokers are usually not prepared to settle for purposes from UN-sanctioned countries Unless of course The shopper can fulfill their KYC and AML checking requirements.
Nonetheless, the legislation stipulates that their 1st tax return really should be submitted within just eighteen months through the day of incorporation for recently registered sole proprietorships.
Underneath are some benefits of starting a company in Hong Kong, which makes it a favored choice for business people and firms!
If your owner/all associates/the principal officer is/are certainly not residing in Hong Kong, he/she has/they have to appoint a resident unique as his/her/their agent for that reasons of business registration.
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Personal Liability: The proprietor bears unlimited private legal responsibility, as there company formation Hong Kong isn't any lawful difference concerning personal and organization assets
This information clarifies the way to set up a company in Hong Kong. At BBCIncorp, we acquire pride in presenting a swift and trouble-absolutely free incorporation services to improve your ease.
The brand new Organizations Ordinance simplifies the manner of execution of paperwork by companies. The preserving and use of popular seal is currently optional.
Make sure you be noted that not all businesses in Hong Kong are subject to those licensing necessities. Only specified sectors necessitate the appliance for a business license. You can find in-depth steerage on this subject within our post licenses and permits in Hong Kong.