Set Up A Company In Hong Kong With Simple Procedure

Hong Kong is situated in the south-east position of China which allows more investors who reside in foreign and permitting the business to extended in a wide area. It provides a business atmosphere without limitations to implement the business goals along with the support of updated banking system.

The individual can start a business by submitting the documents online and get approved. The entrepreneur can acquire firm registration and corporation certificate within four working days from the date of submission of the documents. The official procedures and other operations are carried out in the English language.

Advantages in setting up a company in Hong Kong

Setting up a company in Hong Kong is as simple and cheap. The procedures allow the entrepreneur such that he/she no need to live in the country but they can hire a secretary who lives and work for the company. The company should be a registered one and such the company registry search is available to all. The capital required to start the business is low when compared to the other nations.

As Hong Kong is considered the key banking sector and when an individual start a business they are permitted to start an account that supports multi currency one of the global identified banks such as DBS, Hang Seng Bank. To open an account in Singapore or Switzerland lot of procedures should be carried out.

As Hong Kong is very near to China the idea of set up company in Hong Kong would permit the user to access extra market benefits. The individual can also get many partners who reside in China and run their business in Hong Kong. Hong Kong follows simple tax rules that start from the academic year of April 1st. When the CEO of the company not existing in the nation then the organization can pay taxes only for the profits gained in the company.

When the company imports any products to China then the nation does not levy any tax on this process. The country maintains certain rules in running a foreign company whereby the directors exist in other country or in Hong Kong.

Procedures for setting up a company in Hong Kong

The procedures to be followed in set up Hong Kong Limited Company do not require the entrepreneur to be available in the country. All procedures can be carried out either in electronic mail or in case or courier. The registration process requires 2 to 3 working days when the complete signed documents are submitted to the authority. When the process to be carried in person it requires only 2 to 3 days.

In preparing a Hong Kong Company registry, the company should hold a seal plus stamp, statutory books and share certificate which are considered as the essential elements in carrying out the registration of the company. Thus, most of the business people target Hong Kong as the best place to begin a business which could be spread across many countries in a short period of time. The business value reaches the high value with increased profit.

JV Consultants Limited is a leading consultancy company. Our company aims at assisting our client to setup and manage local or overseas company. We also help our client to solve problems by providing professional opinion and services.