As one of the most open economies in the world, Hong Kong is the ideal location for business set-up and company formation. Opening and registering a company in Hong Kong is very easy and cost-effective.
In this blog, we will discuss about the company registration process in Hong Kong and we will cover the topic which includes
- Basic requirements for Company registration in Hong Kong
- The process of Company registration in Hong Kong
- Documents required for Company registration in Hong Kong
Let's start the journey!
- Basic Requirements for Company Registration in Hong Kong
Below are some of the basic requirements which you should keep in mind before taking company registration in Hong Kong.
- Company name - In Hong Kong, Company name must be in English or Chinese
- Number of Director - There is a minimum number of one director. There is no nationality restriction on the appointment of a director.
- 1 shareholder - There should be at least one shareholder. The shareholder must be at least 18 years of age and may belong to any nationality.
- 1 company secretary - Appointment of one company secretary is compulsory.
- Ongoing Compliance - It is mandatory for Hong Kong companies to prepare and maintain accounts. Accounts have to be audited annually by Certified Public Accountants.
- The Process of Company Registration in Hong Kong
Here we will discuss the process for registration of a company in Hong Kong. Let's have a look on it.
- Check name availability - In the first step, an applicant has to check the availability of company's name. The applicant can apply for company registration with a maximum of 3 names.
- Filing of Application form - After finalization of the company name, the applicant has to file an application for registration of the company.
- Application for registration of the company has to be filed online at e-registry or via the CR e-filing mobile application. The application will include
Incorporation form
A copy of the company's article of association
A notice to Business Registration office
After verification of application and all the documents, the certificate will be issued.
- Documents Required for Company Registration in Hong Kong
List of the documents required for company registration in Hong Kong is given below:
- Name of the company
- Registered address
- A brief description of business activities
- Particulars of shareholders, directors and company secretary
- Copy of the Company's article of association
Conclusion
A Chinese company is a key vehicle to access the China market and a Hong Kong-registered company is the wheel of this vehicle to advance your business expansion in China market.
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