Guide to Setup New Business in Asian Countries

 

If you are thinking of setting up the business in Hong Kong, then there are certain steps that are required to be considered and based on that, research will be done which will be helpful in taking an ultimate business decision for setup.

Setting up Business in Hong Kong  |  Limited Company Formation

One thing you must know that it is very easy and economical to set up Hong Kong Company. The cost-effective ways can be followed in order to open the business in Hong Kong. A non-native Hong Kong who wants to own a business can become the director or stakeholder.

Once you are settled and owned the business in Hong Kong, you will get the pass for opening the business in other parts of Asian countries like China. 

There are some steps to be followed for setting up the business in Hong Kong.

Company Name

It is the first step of Setting up Business in Hong Kong guide. It is the foremost thinking of opening the business with a name in Hong Kong. It is important that you should check the name of your company before registering it. It ensures that no two companies have the same name.

If you want to be ensured of your company name, then you could perform the search using the internet help from the Cyber Search Centre of the registering company. You can even try checking the search result on various other websites. The online website result will be obtained fast.

Company Registration

Now that you have decided your company name, you can proceed to the next step of registering it. The Government of Hong Kong has initiated the registration process by following the application norms of as per the Hong Kong company incorporation helps in establishing the outside corporation in Hong Kong.

Required Company Documents

After the registration, there is a requirement for a certain set of documents:

·         A Company Incorporation form will be required for shares of Limited Company Formation

·         A notice will be generated and will be sent to the Office of Business Registration Company

·         As per the norms, a copy of Association Article pertaining to the registered company will be required.

Company Setup Fees

The processing fees involved in Incorporating your business company in Hong Kong is $530 as per the Incorporation rules of the Hong Kong government.

Business Registration Process Time

If you have filled the online form for registering your business and incorporation of your business company, the process will take 3 to 5 business days. In other ways, the form can be processed within 24 hours.

Bank Account

Once you are done with the registration of your business with the Revenue Department, it is necessary to open a corporate account of your company which will be required in your business transactions. You can select any Hong Kong bank from the list of major banks.

Some banks required you to present physically while processing the procedures for opening the bank account. On hiring any professional company for help in setting up business in Hong Kong, you will be guided informatively through each step and as per the requirement, proper guidance will be provided.