Saturday, 13 April 2013

Preparing for Incorporating a Company in Hong Kong



The first step while preparing for Hong Kong company registration is to contact an incorporation service agency which is based in Hong Kong itself. This is a compulsion by the recent laws framed, where foreigners cannot register their companies by themselves. They need to hire the services of a local agency that will represent the foreign company. The incorporation service provider will help the foreign business owner to fulfill all requirements necessary for company registration.

Company formation HK need to certain documents during registration. This includes

·        Memorandum and Articles of Association (MAA)

·     Particulars of the company’s shareholder and director and proof of a registered business address in Hong Kong. 

·      The MAA can be obtained from the incorporation service agency where many standard MAA documents available.

·    For directors and shareholders particulars, companies can give utility bills; government recognized document, or passport copies that show proof of identity and address.

·     Incorporation agency can also arrange for the proof of registered business concern if required. However, if the foreign owner has already narrowed down on a business address in Hong Kong, he can use this address if they wish.
        
By filing the above documents and meeting the structural rules, foreign owners can conveniently start a business in Hong Kong. Immediately after the certificate of incorporation has been received, the foreign owner should visit the Inland Revenue Department in Hong Kong and get a business registration certificate. This marks the completion of the entire company incorporation procedure. The owner now has to open a corporate bank account and apply for business licenses if required.

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