The whole process of Hong Kong company formation consists of selecting a company title, defining the enterprise reason, structuring the company, appointing a secretary, and preparing and distributing an application to the Companies Registry.
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The cost of starting up and sustaining a constrained company by itself is compact, Together with the company registration fee and submitting from the confirmation assertion being somewhat low-cost.
Minimal of one shareholder who is usually a local or non-resident. A shareholder should be over 18 many years of age.
This certification presents solid proof of your small business identity and serves as the inspiration for all your authorized operations along with the company’s Total very well-remaining.
Dormant standing can then be taken care of by continuing to file a confirmation assertion and dormant company accounts as and when they are owing. In case the company does get started investing, HMRC should be notified inside 3 months.
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Initial, pick out an appropriate and exceptional company title that satisfies the requirements of a Hong Kong company identify.
It is actually an offence When the company fails to provide the document within the prescribed period of you can try this out time. From our working experience, lots of entrepreneurs will fail to remember the day of filing plus they wind up acquiring a substantial quantity of penalty from the Hong Kong Government.
It really is mandatory for all Hong Kong firms to possess a nearby Company Secretary. This particular person is liable for liaising with govt regulatory bodies when wanted and when there are any adjustments within your company structure. Find out more about our Corporate Secretary expert services.
Once you've followed their Recommendations, your online business bank account will likely be open in just minutes or times - determined by which bank you have got picked.
To stop prospective conflicts amongst company customers, it can be advisable to amass these kinds of Houses from the name from the company itself, aligning with the theory of perpetual succession.
To be regarded as a major controller, a person or company have to possess twenty five% or maybe more with the shares or voting rights while in the company.