Sunday, 22 March 2015

Setting up business in Hong Kong? Some important FAQs



In order to set up company in Hong Kong, one doesn’t have to face all the complexities. Setting up business in Hong Kong is quite different from the rest of the world. The country understands business and provides full support to its domestic and offshore investors who wish to get into its booming market. The policies are not rigid and are ruled out in a way that the whole process becomes very simple. Apart from the common requirements crucial to incorporate a HK Company, there are a few important questions that you need to ask. 

Does the nature of the business in the Business Registration Certificate need to be filled?

The answer is no.Yyou can leave it blank in case you don’t want to specify the nature or type of business you are going to operate. However, if you are specifying the nature or scope of the business, no restriction applies to the other future extensions of the business.

How to know whether the company is registered?

You can check the Company Registry where you will find a list of the number of companies that have incorporated in Hong Kong. For further clarification, you can visit a bank and try to open a bank account under the name of your newly-registered company. If the bank is willing to create an account, it means your company is registered.  It generally requires 16 working days for the name to be included in the list of Company Registry.

Find a business consultant that will help you in your company set up Hong Kong. These consultancies have all the experience and the technical knowhow required for such tasks. They can help you in every step of your business incorporation and make it come alive in the shortest time possible.

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