Things To Keep In Mind While Company Registration In Hong Kong

If you are looking forward to company registration in Hong Kong, then seek aid of any business and professional advisory firm, which is certified by the Hong Kong Institute of Certified Public Accountant. The registration process depends upon the type of company- whether a limited company or a shelf company or registration of a non-profit organization.

A Hong Kong limited company can be included within 10 business days, once the registration process is done. On submission of your details like registered address, first director, copy of passport, company secretary, various identity documents, etc., to the advisory firm; the rest is taken care by them. On your request, the firm will prepare the necessary documents for incorporation of your limited company. After the incorporation of your Hong Kong limited company, the advisory firm will submit the application of your company’s registration certificate. Along with this, the advisory firm will provide you with certified copies of the various respective documents, which are required for opening a bank account.

Those who are looking forward to incorporate shelf companies and cannot afford to wait for 10 working days can seek help of an advisory firm certified by the Hong Kong Institute. You may choose to take over a shelf company, which is left without any business activity for several days. In that case, you can purchase the shares of the company in one or two days and the rest of procedures for registration are taken care by the advisory company. On your request, such an advisory company will prepare all the necessary documents and also stamping of the shares and documents on behalf of you. At the same time, the Companies Registry will be notified about the application of business registration certificate and also the appointment of new company secretary, directors, and alterations in the registered office address.

In case of non-profit organizations or Company incorporation- Limited by Guarantee, which are mostly for the purpose of religion, education, poverty, relief, foundation and trust; can be registered with aid from an advisory company. Most of such organizations are set up as charitable institutions, but for the same they should apply as an Approved Charitable Institute. There are certain terms you have to comply with, and if you do so, then you can furnish an application form of your institute. Based on your information, the advisory company will draft a Memorandum and Article of Association (M&A). Once this M&A is approved the advisory company will apply for the registration of your institute. Though, the process will take almost one month your organization will soon get registration in Hong Kong.

Thus, the above procedures for company registration in Hong Kong should be followed.

This article was written by Mr. Andy Chong, marketing Manager at Flexkin & Co. Flexkin & Co is a business advisory firm which is certified by Hkicpa i.e.