How to set up a company in Hong Kong without being there?

If you are looking forward to operate in a different market other than your home turf, Hong Kong is the best option to start with. Being one of the fastest developing nations with unique business growth opportunities, this is the market where the chances of success will be high. And the best part is you don’t have to be present all the time to set up company in Hong Kong. Strange as it may sound, but it is a fact if we are talking about a limited company. 

The process of setting up business in HongKong in this case is no different and you will need a permanent address and a company secretary to operate. There are several agencies that can help with all the legwork, which you would have otherwise taken care of.  They will easily find the right person or resources for the job at very reasonable costs. 

Travelling to Hong Kong will just be an option. A Company set up in Hong Kong will be over in less than a month. You can send all the details, such as identity proofs, account statements, police record, etc., by phone or mail with the aid of the agency. All the payments can be made using PayPal or credit cards. You will receive all the documents at your home that needs to be signed and you can send them back using any courier service.

To set up a company in Hong Kong is not a daunting task anymore. The government of Hong Kong is promoting business groups to invest more and more to achieve an overall development. If you are thinking of having a business, find the right business consultancy. You can find some authentic and reliable consultants easily on the Internet. With their aid and support, you will find the company formation a lot easier.

What do you mean by a Ready Made Company?

When we say a ‘readymade’ company, we get the idea of a company that has been already created. Well, the actual meaning is not much different in the commercial world. These are companies that exist in official documents until someone adopts them and starts operating. There is a ready made HK companies list where you will be selecting the name relevant to your business. A ready made company includes a registered name, common seal, certificate of incorporation, confirmation of liabilities and operations if any, Memorandum and Article of Associations, and other standard certificates.

Here is the process to forming a ready made company:

·         A HK consultant provides the names and incorporation dates of the ready madecompanies from where you have to choose one for yourself. This will go to the Companies House that will register the ready made company under your name.

·         The formation period is only 2 working days

·         There is a provision of changing the name of the company. However, this will take a minimum of 20 days to process for issuing the certificate under the new name.

·         As the client, you will have to pay the HK government a business registration fee in advance for issuing your company’s registration number or certificate. 

Going for this type of business formation has its own perks. You can easily start your business transactions without any more ado. Find a better consultant and you will find the process much smoother. Their experienced professionals know where to follow when something gets stuck up. Getting involved directly in the operational activities might not be a good idea for you. A little help of these professional will accelerate the process and you can start your business in the e ever-increasing markets of Hong Kong without wasting a single moment.

The Process of HK company formation – In Brief

Incorporating a company in Hong Kong is a crucial step to your business growth and development. The country is noted for its highly accelerated growth that has surpassed many other already developed nations in the world. It is also regarded as one of the most business-oriented areas where one can find great opportunities and support to expand their corporation.  The most common HK company formation is a private limited company. Here is a brief to the process that will help you in understanding the channel you need to take for the Hong Kong company incorporation.

Process of a limited company formation in Hong Kong

Selecting the company – There are two ways of HK company formation – setting up a whole new business or going with an existing ready-made company.

Preparing the documents – Preparing all the necessary documents, such as identity proofs, license, bank accounts, legal history, etc.,  

Finding a consultant – A consultant can do all the legwork for you or even more than that. They will prepare all the statutory documents where your signature and consent will be required.

Document submission – All the signed statutory documents is submitted to the relevant authorities. They will carry out the rest of the task and will alert when everything is approved or the process is complete. 

A client kit will be delivered to you that will include your company registration number, certificate, common seal, and various other documents vital to the business regulation. 

You can start operating your corporation service company as soon as you have received all the necessary approvals. There are various Hong Kong based consultants who can be of great help when it comes to HK company formation. Search over the web to find some of the most authentic professional who can easily get you through the formation process.

Why company secretary service is a must for every startup?

If you are going to form a company in HongKong, it is required by the law that you have a company secretary. They are a company or a group of professionals or just an individual professional who makes sure that your company is operating in a completely authentic manner. Basically, the job of a company secretary is to look after the company and its consistent compliance with various statutory requirements. He is responsible for the smooth running of the company and takes care of every legal liability that occurs during the course. 

The role of a company secretary professional is crucial to every business organization. Here are some of the aspects that are taken care of by them:

·         Assisting in the overall incorporation of the business in a country, which in this case is, HongKong

·         Keeping statutory records up to date

·         Arrangement of important meetings and discussion with the shareholders and the directors of the company

·         Preparation of various agendas of the business that is responsible for the growth of the company

·         Assisting in opening bank accounts, submitting statutory documents, such as business registrations and license renewal, etc.

The job of a company secretary service is to ease the concerns of the company regarding its administration and compliance requirements. It is their duty to make sure such things are on the right track and there is never a fallacy that holds the company from continuing its regular operations. 

It is required by the laws of HongKong that each company must have a company secretary, a permanent resident or have a registered office in HongKong. You can look over the internet to find some reliable providers. If you are a candidate looking for a company secretary job, there is a scope for that also. There are various companies that are constantly looking for new and fresh talents to optimize their services.