Company Incorporation In Hong Kong
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Company Incorporation In Hong Kong- Process, Documents, Fees Required
Incorporating a company in Hong Kong is overseen by the Companies Registry, making it one of Asia’s most popular jurisdictions for incorporation. Its business-friendly environment, strategic location, and strong legal framework make it an ideal choice for entrepreneurs.
Hong Kong’s status as a global financial hub, coupled with its strategic location and dynamic business environment, makes it an attractive destination for entrepreneurs looking to establish their presence in Asia. Whether attracted by its well-established market, access to a skilled workforce, or reputation for fostering innovation, incorporating a company in Hong Kong offers access to unique opportunities.
Hong Kong has emerged as a top destination for international business. For more information on company incorporation in Hong Kong, you can consult our experts at Taxvilla.
Why Incorporate a Company In Hong-Kong?
Incorporating in Hong Kong offers several benefits that make it a favorite destination for business owners:
Strategic Location: Hong Kong’s incorporation provides access to the booming markets of the Asia-Pacific region and proximity to mainland China. After incorporating in Hong Kong, your company is treated favorably by more than 30 countries with which Hong Kong has bilateral trade agreements.
Business Freedom: Registering a company in Hong Kong is easy, quick, affordable, and practical. Hong Kong is among the freest jurisdictions globally, alongside Singapore.
Government Support: Hong Kong’s unique administrative structure allows it to run its government more effectively and with greater authority within the Republic of China.
Political Stability: Hong Kong offers a secure environment for business due to its stable political environment and strong rule of law. It is renowned for maintaining social and political harmony.
Documents Required for Company Incorporation in hong Kong
Here is the list of documents required for Company Incorporation in Hong Kong:
| Type Of Company | Document Required |
|---|---|
| Private Limited Company | – Proposed Company Name (ensure it is not already taken) – Articles of Association – Standard or Customized – Form NNC1 – Incorporation form of company limited by shares – Form IRBR1 – Notification of Commencement of Business – Identify and Address proof of directors and shareholders – Registered Office Address – Particulars of Company Secretary – Information about Share Capital – Consent to Act as a Director and Members for each director (Form D1B) – Declaration of Compliance (Form NAR1) |
| Sole Proprietorship | – Business Registration Certificate (Form 1) – Personal Identification of the Sole Proprietor |
| Partnership | – Partnership Agreement – Business Registration Certificate – Personal Identification of Partners – Details of Business Partners |
| Incorporated Association | – Partnership Agreement (Government Document) – Particulars of Partners, including Identity & Residential Proof – Business Name (Optional) – Business Address Proof |
| Branch Office | – Certified Copy of Parent Company’s Certificate of Incorporation – Certified Copy Of Parent Company’s Articles of Association – Appointment of Authorized Representative – Certified Copy of Parent Company’s Latest Audited Financial Statements – Registered Office Address in Hong Kong – Form IRBR2 – Notification of Commencement of Business by Branch |
| Representative Office | – Application for Business Registration – Certified Copy of Parent Company’s Certificate of Incorporation – Registered Office Address in Hong Kong – Authorization Letter from Parent Company – Proof of Non-Trading Activities |
Fee Structure for Company Incorporation in Australia
Here is the registration fee for company incorporation in Hong Kong:
| Company Incorporation in Hong Kong | Registration Fee |
|---|---|
| Company Name Search & Reservation | HKD 295 |
| Business Registration | HKD 2000 (per year) |
Laws & Rules For Incorporation In Hong kong
While Incorporating your company in Hong Kong you need to follow some laws & rules for smooth functioning of your company. These Laws and Rules & Regulation are as follows:
- Companies Ordinance (Cap. 622): The main piece of law governing the incorporation of companies in Hong Kong is the Companies Ordinance. It outlines the requirements and processes required by law for the creation, filing, management, and dissolution of businesses.
- Business Registration Ordinance (Cap. 310): Every business operating in Hong Kong is required under the Business Registration Ordinance to register with the Business Registration Office within one month of opening for business.
- Companies Ordinance (Cap. 32): The winding-up (liquidation) processes for businesses in Hong Kong are covered under this legislation. It outlines the processes for voluntary winding-up, compulsory winding-up, and creditors’ voluntary winding-up. Insolvency, receivership, and business rescue processes are also covered under its clauses.
- Companies (Disclosure of Address) (Amendment) Ordinance: Certain non-listed firms are required to declare their beneficial ownership information and keep a significant controllers register under this amendment, which took effect on March 1, 2018. This seeks to increase transparency while preventing the financing of terrorism and money laundering.
- Securities and Futures Ordinance (Cap. 571): The offering and trading of securities and futures contracts in Hong Kong are governed by this ordinance. It lays down standards for disclosure duties, the prospectus registration process, and license specifications for securities-related activities.
- Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO): Companies are required by the AMLO to put anti-money laundering and counter-terrorist financing procedures in place. Companies must carry out client due diligence, keep accurate records, and report shady transactions.
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