There are usually two Options available in the event you will need to commence Hong Kong company formation. The first approach involves establishing a new business from scratch. Another approach simply involves buying a business which is already created. When establishing a new Company from scratch, first you must conduct a search for your company’s name. It will often take you a longer time to register a new firm. A business registration permit among the licenses required. The permit is generally inclusive of government fees which could amount to HK $250. If you intend to acquire an already established company, you want to select your organization name from a given list. The list usually contains shelf company names which have not been used. The processing time for this alternative is significantly shorter than registering a new firm.
Why Hong Kong?
This international City provides a very competitive financial environment. It is an open and market oriented system that is devoid of much government interventions. Investors have much freedom in choosing which company operations to undertake. This town tops the world economic environments concerning freedom of operations. Another reason endears this Asian City to investors as an offshore business location is its simplicity of capital flow. The easy flow of funds from the city to other nations increases your company’s deregistration financial freedom. There’s no requirement for any capital investment. As a shareholder you are just required to append your signature into the M & A announcing you will contribute the provider’s capital. You do not need to cover up any cash to the business.
Opening an offshore Bank accounts is easy during your hk company registration. All that is required of you as an investor is that you supply evidence of your address. You want to give a copy of your passport, your company documents and a general description of your company. These documents are commonly accepted by many foreign bankers. You want to keep the Company’s accounting records and annual paychecks. These have to be registered to the City’s tax sections annually. For many business transactions, the city’s Inland Revenue Department requires businesses to keep proper records and accounts. These are utilized to determine precise figures of your own incomes, expenses and losses.