Daily Bulletin


Business News

  • Written by News Co



For most entrepreneurs, the primary objective is growing their enterprises into global brands. Well, who does not envy successful multinationals, such as Barclays and Apple Inc.? To follow in their steps and become equally successful, one of the most important things is registering your company in an appropriate jurisdiction.

One of the most revered offshore jurisdictions today is Hong Kong. It operates as a Special Administrative Region of China, and the World Bank ranks it as one of the world's freest economies. Hong Kong is also strategically located in the heart of Asia, meaning that you can comfortably access other neighboring markets.

To take advantage of these unique benefits, you need to make the first and most important step –incorporating a company in Hong Kong. So, here is the process to follow to successfully incorporate a business in Hong Kong.

Choose the Company Type and Name

The first step when registering a company in Hong Kong is deciding the preferred formation and name. You can select the company based on the following criteria:

  • Company limited by share: In this type of business formation, the liability of members is limited to the number of shares they have paid for. Individuals with shares are considered owners of the company.

  • Company limited by guarantee: If you opt for a company limited by guarantee, it implies that there are no shares. Instead, the company will have members who are legally bound by a guarantee in the company's articles of association.

Once you have selected the company format, the next step is identifying the preferred name and search with the Registrar of Companies to ensure that it is unique. If you have a name that has already been taken or that might infringe on the intellectual property rights of another company, it will be rejected.

Prepare the Required Documents and submit them to the Company Registry

Armed with the approved name of your company, it is time to put together all the documents required for company incorporation in Hong Kong. Here are some of the main documents:

  • The name of your company.

  • Articles of association.

  • Copies of passports of non-resident shareholders and directors.

  • Memorandum of understanding.

  • Full details of the resident secretary.

In addition to the above documents, you also have to prepare a complete description of business activities and submit to the Companies Registry.

Is there a Simpler Way of Registering a Company in Hong Kong?

One of the main reasons why a lot of businesses are attracted to Hong Kong is the simplified process of registration. However, the process of preparing dozens of documents and having to fly there can be challenging and expensive too. The good news is that there is a better and simpler method of registering a company through the use of an agency.

The Companies Ordinance allows investors to use agencies for assistance with company registration. This means that instead of booking a flight to Hong Kong, an expert will be at the other end (in Hong Kong) to assist you to prepare the required documents, and complete the registration faster.

The agency you select can also serve as your company secretary and address. More importantly, the agency can guide you diligently, especially during the early period of company establishment.

When the time to expand your company abroad finally comes, the most important thing is selecting a good jurisdiction and Hong Kong is one place that will never disappoint. So, make sure to get it right starting with the company registration by working with professionals.

Writers Wanted

It's not just about the rise in anti-Semitism: why we need real stories for better Holocaust education in Australia

arrow_forward

With the US now calling China's treatment of the Uyghurs 'genocide', how should NZ respond?

arrow_forward

Creating Everlasting Memories with Wedding Photography

arrow_forward

Tips to find the best plastic manufacturing supplier for your needs

Plastics are very much an important part of all of our lives, but they’re particularly valuable to a wide variety of industries that rely on their production for their operations. The industries, ...

News Co - avatar News Co

7 foolproof tips for bidding successfully at a property auction

Auctions can be beneficial for prospective buyers, as they are transparent and fair. If you reach the limit you are willing to pay, you can simply walk away. Another benefit of an auction is tha...

Dominique Grubisa - avatar Dominique Grubisa

Getting Ready to Code? These Popular and Easy Programming Languages Can Get You Started

According to HOLP (History Encyclopedia of Programing Languages), there are more than 8,000 programming languages, some dating as far back as the 18th century. Although there might be as many pr...

News Co - avatar News Co

Avoid These Mistakes When Changing up Your Executive Career

Switching up industries is a valid move at any stage in your career, even if you’re an executive. Doing so at this stage can be a lot more intimidating, however, and it can be quite difficult know...

News Co - avatar News Co

4 Costly Mistake To Avoid When Subdividing Your Property

As a property developer or landowner, the first step in developing your land is subdividing it. You subdivide the property into several lots that you either rent, sell or award to shareholders. ...

News Co - avatar News Co

WHY SHOULD ONE BUY A FRANCHISE?

The franchise industry in Australia has been booming since the 1980s, as many emerging entrepreneurs find immense scope in this rapidly growing sector. The total number of franchised outlets in ...

Ester Adams - avatar Ester Adams


The Conversation
INTERWEBS DIGITAL AGENCY

Politics

Ray Hadley's interview with Scott Morrison

RAY HADLEY: Prime Minister, good morning.    PRIME MINISTER: G’day Ray.   HADLEY: I was just referring to this story from the Courier Mail, which you’ve probably caught up with today about t...

Ray Hadley & Scott Morrison - avatar Ray Hadley & Scott Morrison

Prime Minister's Remarks to Joint Party Room

PRIME MINISTER: Well, it is great to be back in the party room, the joint party room. It’s great to have everybody back here. It’s great to officially welcome Garth who joins us. Welcome, Garth...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Ben Fordham, 2GB

BEN FORDHAM: Scott Morrison, good morning to you.    PRIME MINISTER: Good morning, Ben. How are you?    FORDHAM: Good. How many days have you got to go?   PRIME MINISTER: I've got another we...

Scott Morrison - avatar Scott Morrison



News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion