Importance of Registration in Hongkong and Singapore Company Formation

Tapping the market in a foreign country appears to be a lucrative decision nowadays for plenty of business ventures. This kind of establishment also means that the consumer base is expanding and the products and services go across geographical boundaries. Since, South East Asian countries are being targeted, it is not very unusual to find interested business ventures to go for Singapore company formation. In such cases, the ventures need to set up a new company in Singapore, so as to get the benefits in the line of taxation and reliefs. Hong Kong company formation is also being considered by many because of the ease of registration to start up operations in this particular country.

• Registering companies in offshore locations essential to start business

Registering a new company in Hong Kong or Singapore surely requires a lot of paraphernalia, but is probably less than the country to which the business venture originally belongs. This is supposedly the first step for any venture, aiming to set up a business in these foreign countries. Prior to the registration, an important step is to select the name, according to which the registration process will have to be started. Name has to be registered first for Hong Kong company formation, so that the articles of association can be drawn up. There is a guideline in Singapore, as well as in Hong Kong to go through such a process.

• Proper steps to be taken for company formation in respect of registration and document submissions

While registering the company, there is need to put in the right amount of fees, along with the final name and documents to the registry office. Various documents are to be provided stating the business and the shareholders’ information. This kind of feature requires to be fulfilled by all the applicants so that the information is present with the country’s accounting and corporate regulatory authority. There are different registering authorities for different kinds of ventures and the appropriate applications are sent to the corresponding authorities.

• Right process of applying for registration quickens the business start up

Application process of the registration is an important consideration for all kinds of businesses. It should be done properly in paper or through electronic forms. Since Hong Kong company formation can be a tricky scenario, it is best to avail the services of the best lawyers or foreign business specialists. In doing so, one can be sure of the right methods undertaken to go for the business establishment and also ensure that the process is completed at the earliest. Since articles of association form an important part of the registering process, drawing these up is to be taken care of.

• Taking professional help for registering process to make it right and quick

Professional help in registration of companies is necessary because of the wide range of formalities required. Such features are being taken care of nowadays by agencies dealing with Singapore company formation, which provide all the necessary details, take care of paperwork, ascertain the names, register with the appropriate authorities and come up with quick solutions for any hiccups in the process. If the registration goes well, then the company can start off nicely for a long term business venture in Singapore, as well as in Hong Kong.

Ansel Adams has pointed out to the growing trend of offshore company formation that provides several noteworthy advantages to businesses. The author favors Cyprus as an offshore destination for incorporating a business.