In order to purchase a shelf firm, the proprietor and the seller must signal a sale-purchase settlement earlier than a notary. The Companies Register will then be notified about the new proprietor. Our company registration agents in Hong Kong offer already registered corporations tailor-made to the clients’ wants. These are useful for international corporations that need to set up their presence in Hong Kong yow will discover out more from our firm formation brokers in Hong Kong.
The second option for overseas investors who are thinking about opening an offshore company in Hong Kong is to buy a ready-made firm. The best benefit of Hong Kong shelf companies is that they arrive registered and with all documents and appointed personnel. However, the proprietor can amend the incorporation paperwork and also can exchange the director and the secretary, if needed. Our Hong Kong firm formation consultants can help with the corporate registration procedure for offshore companies. We can offer you additional information about these steps as nicely as customized information based on the enterprise subject by which you wish to enter and the type of company that will be included. Below, our team describes the registration course of for a private restricted liability firm that can be used as an offshore authorized entity.
All Hong Kong companies need to have a valid registered physical address and not merely a PO BOX. Therefore, you need to take the mandatory steps to exploit, defend and manage intellectual property in order https://www.easycorp.com.hk/en/incorporations to reap essentially the most of business values arising from its ownership. An employer is required to enrol both full-time and part-time staff aged 18 to below sixty five and employed for 60 days or extra in an MPF scheme.
Directors, shareholders and firm secretary is public information as per Hong Kong Company Laws. Share capital could be expressed in any main forex and is not restricted to the Hong Kong Dollar alone. Before expanding your wings to Hong Kong, you would possibly want to perceive the market of Hong Kong. You might also wish to establish skilled contacts for supply and sales and tune your Chinese skills by organising a representative office here. Despite all these efforts, you must be patient because it takes time for any enterprise to build into an empire. Do not fear concerning the native help as we have a whole staff of extremely experienced people who can provide right steering to you for accountancy, taxation or consultancy.
Unlike different offshore jurisdictions (BVI, Seychelles, Belize, and so on.), the Hong Kong Companies Registry don’t give provisional approval, or reservation, of firm name. Under the Companies Ordinance, the CR has the power to vary a company name in specified circumstances.
This means earnings sourced elsewhere outside Hong Kong usually are not subject to Hong Kong revenue tax. Strong authorized framework – Hong Kong makes use of a typical legislation legal system that gives protections to Hong Kong businesses. You can seek enforcement of your authorized rights and others’ obligations by way of this judicial system. Hong Kong has also adopted internationally acknowledged codes of follow in business and commerce.
We at 3E Accounting offer complete guidance to starting a business in Hong Kong, whilst you sit comfortably at your personal home. This article clarifies the means to arrange an organization in Hong Kong, and it’s a pleasure for us, BBCIncorp Limited, to serve your convenience with a quick and simple incorporation course of. There should be at least one shareholder, who can be a natural person or an organization. Shareholders holding more than 25% or shares are considered a significant controller. Significant controller particulars have to be registered into the Significant Controllers registry and could additionally be inspected by law enforcement officers upon demand. Registering your organization in Hong Kong requires opening a bank account and, often, depositing share capital.
If you’re the sole director, you is normally a shareholder however you can’t be the company secretary. After utility approval, you will obtain the Certificate of Incorporation, and you can begin operating the enterprise. Non-profit-making organisations are normally registered as guarantee firms.
Declarations from the last two should also be submitted with the Companies Registrar. Company Secretary – When establishing an organization in Hong Kong, appointing an organization secretaryis mandatory. The secretary, if a person, must ordinarily reside in Hong Kong; or if a physique corporate, should have its registered workplace or a place of business in Hong Kong. It must be noted that in case of a sole director/shareholder, the same person can not act as the company secretary. The firm secretary is responsible for sustaining the statutory books and information of the corporate and must also make sure the company’s compliance with all statutory requirements.