Important Points to Keep in Mind While Planning to Register Business in Hong Kong

The Companies Registry Hong Kong is a governmental agency that checks the proper functioning of the different companies across the nation. The corporation is additionally responsible to manage the various operations of the companies located in different regions, areas, and cities across the nation. It administers and registers various domestic and international companies that perform operations across the nation. The agency keeps a check on companies ordinance and is additionally responsible to implement many more ordinances, including the Registered Trustees Incorporation Ordinance, the Trustee Ordinance, and the Limited Partnerships Ordinance.

Various agents and brokers like, Heinbro Consulting are engaged in providing various information related to the corporation. Licensing, advisory, due diligence and investigation, audit, and monitoring are the various services that are handled by the agents, and brokers which helps in the setup, and the renewal of registration period. The team of various experience, and well qualified staff members are assigned duties to help clients in best possible way.

To setup a company in Hong Kong is very simple as it has to satisfy very effortless formalities some of which are discussed below:

Company Law

1. A private limited firm having a share capital of only 1 Hong Kong Dollar can be easily registered in the country.

2. To be a part of Hong Kong companies family, the firm need to have only one director, and one stakeholder. Moreover, the director, and stakeholder is not necessarily to be residents of the area.

3. No physical presence is required to setup a company.

4. The legal law in Hong Kong is constant and is easily understandable by international investors.

Taxation

1. The firms or corporations listed in Hong Kong are free from tax if they don’t have domestic base country derived revenue.
2. The country charges no sales tax, VAT, or any other taxes so, to set up a company in the country is straightforward.

Trade Atmosphere

1. A business having its base in Hong Kong has to suffer least corruption, red tape, and other losses.
2. Being English the official language of the country the documents are additionally written in English and Chinese for the convenience of the individuals.
3. Bank credits or loans are provided with no trouble in the country so, the business can be easily elaborated.

4. It is one of the principle financial centres across Asia and Companies Registry Hong Kong serves as a Long-Term investment.

If you want to get a startup or a well-established corporate registered here, then you must have countless questions in mind. This section explains a few of the commonly asked questions related to companies registry in Hong Kong.