Conditions for a limited company setup in Hong Kong

Hong Kong is currently one of the top countries in the world known for its outstanding technology and business development. The reason behind that is, it allows businessmen to carry out their business unit without any hassle. Anyone interested in starting a business in Hong Kong can easily do it, and by anyone we mean a citizen or a non-citizen. To set up a company in Hong Kong is a simple task and requires you to follow a very simple route.

If you are looking forward to a limited company formation in Hong Kong, make sure the following conditions are met at first:

·         Having a registered office in Hong Kong: For a limited company set up Hong Kong, a registered office having address within the country is a must. 

·         The company must have a shareholder, a director, and a company secretary in the least to formulate the company. 

·         The shareholder can be a natural person or a body corporate. S/He cannot act as the company secretary of the company. 

·         The person chosen as the company secretary should be actually residing in Hong Kong and should have a registered address in Hong Kong. 

·         The copy of resolution needs to be delivered to the Registrar of Companies for registration with the span of 15 days from the date it was passed. 

Setting up business in Hong Kong is a highly sophisticated process and you have to follow the procedure acutely. There are no loopholes in the law that will obstruct you from achieving your dream business. There are various Hong Kong consultancies that can help you with all the legwork in the process. Find the best consulting firm and you can have all the requirements met easily in the course of a limited company set up in Hong Kong. 

Factors to consider before applying for trademark registration

Having a trademark is like having a whole different identity under which you can carry out your business operations without being opposed by any private or public party. A trademark gives you the exclusive right to use it in relation to the goods and services registered under them. A suitable trademark also acts as a marketing tool and promotes your brand in many ways. It is, therefore, essential to find the right trademark for a successful business. 

But, before you go for the trademarkregistration, there are some points that require your attention. These are the factors you must consider before applying for the registration process. The advantage behind this action is it removes the hassles that might come in the future and lead to a faster registration of the company trademark.

·         Distinctness – Since it will be representing your brand, it has to be distinct and new in every respect. The graphical design mustn’t match any other logo that already exists. Be it a character, logo, word, etc., it should be distinct.

·         In relation to the goods and services – The logo must speak about the products and services that are going to be sold under them. However, it shouldn’t describe their quality, quantity, value, or purpose.

·         Shouldn’t represent any well-known term – The trademark that you are going to select shouldn’t represent any well-known term or product line that already appears in the business industry. For instance, V6 stands for Vehicle engines and it should never appear in any trademark.

·         Trademarks search – It will be helpful if you conduct a search for your trademark on the Hong Kong Trade Marks Registry to see if it has been applied or taken by any other trader. For searching available company names, you can look in Hong Kong company registry.

Once you have gone through this process, you will find it highly easier to register a trademark.

Company Registration Vs Trademark Registration – The difference

The Hong Kong Company Registry is the body that is solely responsible for the incorporation of any local or offshore company. All kinds of Limited Liability Company, limited companies, and non-Hong Kong companies’ needs to register their company names or trademark first in order to effectively operate in the market. Separate laws have been designed for the registration of a company or its trademark. Even if both are required by the same pursuer, there is a distinguished process for each of them and one needs to follow the dictated course only in order to incorporate HK Company.

Company Name Vs Trade Mark

·         There are two different bodies that take care of the registration of each of the aspects. For registering a company name, one need to locate the office of the Inland Revenue Department and Trade Marks Registry is the center to register a trade mark.

·         You can easily Registry Search Online whereas the facility isn’t available for trademark registration. Although the application forms are available for both the prospects on the web, you have to obtain a hard copy in case of trademark registration that will be filled and submitted directly at the office of the Trade Marks Registry.

Applying for registration of your company or trademarks doesn’t give you the authority to use the name or logo in the promotion of products or services of the business. It is until the Hong Kong government assigns you with the certificate of ownership, only then you get the right to use any of them. 

One important tip that can save you a lot of time during the process of selecting your name or company logo is to find a Hong Kong company registry search. There you can check if your selections match any existing name, or trademark in which case you have to come up with a different one.