Difference between a trademark registration and company registration

Incorporating a business in Hong Kong requires entrepreneurs and businessmen to decide on the name and trademark of the company first before moving on to the rest of the procedure. Unless these two conditions are satisfied, one cannot go to the other steps of Hong Kong company formation. Although the name and trademark of a single company are related, they are treated as individual entities.

 Here are some of the areas where trademark registration differs with company registration:

·         A trademark is a sign, logo, design, or mark that distinguishes the products and services of one producer from the other. A company registration requires the selection of a company name that will represent the entity for the rest of its lifetime, unless changed. 

·         There are different centers for registering trademarks and company name. A  HongKong Company Registry is responsible for providing registration services for local limited companies and companies incorporate outside Hong Kong. To registera trademark, the Trademark Registry is responsible for providing services.

·         The registration of company name or the business name isn’t the same as the trademark registry. Also, registering the company name doesn’t signify that the company can have the trademark registered. The businessperson is not allowed to use the trademark unless it has been approved by the registry. Similarly, having a trademark registered doesn’t give any authority to use the company name for any commercial operations. They can be used together if only they have been authorized by their respective boards. 

Find a local consultant that can help you in your business formation in Hong Kong. Having a support from an experienced group that understands the tit-bit of the country can help a lot. You can easily create your business in a very small time. Also, tedious processes such as trademark and company name registrations can be done quickly.

Ready Made companies – The best choice to start a business quickly

If you are not good with keeping patience and want to set up a company in Hong Kong instantly, there is a way of doing it. The country of Hong Kong has everything planned for its ever-increasing list of eager entrepreneurs. Investors who are looking forward to starting a business or a company without waiting for establishing a business via the regular business proceedings can go for ‘Shelf’ companies. 

Shelf companies are ready made companies that have not commenced business in any manner.  They have zero debts and liabilities and can be owned by anyone to be used as any other standard company. 

The fact with ready made companies is, it is a previously formed company by the government itself and is available for the purpose of selling. They are already registered in the Company Registry and have the Certificate of Incorporation. There are already two shareholders with each having one share. Upon buying, the shares are allotted to the new shareholders and their role ends instantly. 

After completing the aforementioned process, you can choose any one of the companies from the ready made HK companies list available. The one you choose will go the CompaniesHouse that will register the company under your name. After that, you can obtain a Business Registration Certificate from the office of the Business Registration Hong Kong and start your commercial activities. 

 The process is highly easier and saves a lot of time. Going for this process ensures that you don’t have to stay for days or months to commence your business operations. With the aid of this process, you can start with your company in a span of two days. Find the best consulting firm that can help you with finding all the necessary information you require in forming your Hong Kong business.

Rules and Guidelines for selecting company names

Looking ahead to start a business in the booming market of Hong Kong, what s the name that you have selected? The first thing to decide when you are up to an HK company formation is its name. The identity of any company starts with the name after which it is going to be recognized in the current market sector. Unless the name is registered and verified, Hong Kong companyincorporation is not plausible.

To make sure that your naming process doesn’t get awry and you are able to incorporate HK Company easily, here are the actual rules and guidelines you need to follow in order to select the right company name for your business:

·         A company name can be an English name, Chinese name, English and Chinese name. Make sure that the name is not a combination of English words/letters and Chinese characters.

·        If the name is in English, it must end with the word limited. If it is in Chinese, it must end with the characters “有限公司”.

 

·         In case you are going for a Chinese name, it is supposed to contain some traditional Chinese characters mentioned in the Kang Xi or CI Hai dictionary. You can also find it in the ISO 10646 international coding standards. 

·         Note that you have to first check the availability of the company name before starting to use them for the limited company formation. For this, you can go for a company registry search. 

·         Also note that there are certain words that are not allowed to be used for naming companies in Hong Kong. To learn which words come under the category, follow the “Company Names Guidelines” present in the Companies Registry.

Follow the process step-by-step and you have accomplished the first big task in the way of your corporation service company formation.

Primal duties of a company secretary service in HK

If there is anything that has the maximum tasks to cover in any company based in Hong Kong, then that role goes to the department of company secretary. S/He is responsible for everything that undergoes with the ownership, management, regular business dealings, corporate governances, structural, and functional operation of the company. Under the section 154 or companies act, Hong Kong, every company is obligated to have a company secretary. The person appointed to the role can be from the board of directors or from any external companysecretary service that has a registered office in Hong Kong.

Leaving aside the selection, there are various areas that come under the command of these personalities. Required by the company, a company secretary must be involved in the following operation of a business:

·         Preparation of annual reports as well as filing them – Annual reports are details of various transactions, expenses, tax structure, balance sheet, and other financial documents involved in the regular proceedings of a business. 

·         Maintaining company’s statutory books – The statutory book is a register shareholders or directors in the company.

·         Organizing and anchoring meetings and conventions – All kinds of board meetings and other crucial conventions between the masterminds of the business needs to be organized and regulated by them.

·         Change of name or company address – It is the duty of a CS to look over the changes about to be made on a company name or its address. 

·         Ensuring that the company is complying with the law and rules specified by the HK government.

·         Share allotment/Transfer of shares – All decisions related to share allotment or transfer of shares should pass through the CS.

If you are looking for company secretary jobs, you can go for an internet search. There are various Hong Kong based companies that currently require professionals for this unique position.