Easy Online Company Incorporation in Hong Kong
Introduce your business to
one of the most bustling markets in the world, Hong Kong. Silver Unicorns
Technologies can help incorporate your company in Hong Kong in just a few easy
steps.
Company Incorporation in Hong Kong : an
Overview
Hong Kong is one of the leading business
markets in the world. Most global companies have their headquarters in Hong
Kong and are flourishing. Company formation is easy and affordable in Hong
Kong. A third party can readily register for company registration in Hong Kong
without the owner or directors residing in Hong Kong. Any adult in Hong Kong
who is older than 18 can start a business. Online Hong Kong company
registration typically takes 5-7 working days.
What Types of Business
Structures Can You Register In Hong Kong?
Although Hong Kong allows for the
establishment of a wide range of businesses, you must first choose whether you
want to run your activities from Hong Kong or another location. You will gain
from this decision in terms of taxes and other areas as well. We've outlined
each business structure below to make it easier for you to choose the one that
is best for you:
Sole Proprietorship
A sole proprietorship is a company with
just one owner, who bears full financial responsibility for both profits and
losses.
Business Collaboration
A partnership with a minimum of two and
a maximum of twenty participants is formed to split profits. In a general
partnership, each member is responsible for the business's profits and debts
personally. Another option is to create a limited partnership, in which general
partners are responsible for their total investment and limited partners are
just responsible for their initial investment.
Companies Limited by Shares Individually
A private limited company having a
maximum of 50 shareholders by shares is treated as a completely different legal
entity apart from its owners and shareholders.
Public Limited Company
Large businesses should choose this
option if they want to list on a stock exchange to raise money. If there are
more than 50 shareholders, this firm can subscribe to its shares and is often
listed on the SEHK.
Limited Liability Company
Organisations that are charitable and
non-profit can use this corporate structure. Every member of the company has to
guarantee that a predetermined amount will be paid in case of company
liquidation. The predetermined amount will be stated in the company's Article
of Association (AoA).
Division Office
The admission office is nothing but a
foreign corporation that is provided permission to function in the city of Hong
Kong. It is not necessarily treated as a separate legal entity in the City.
Reprographic Office
An expansion of a foreign business that
is restricted from conducting profitable commercial activity. It is suitable
for non-commercial operations like human resources and marketing.
Advantages of Registering a
Company in Hong Kong
Registering a company in Hong Kong comes
with its own set of advantages. Some of them are discussed below.
Greater business freedom:
Hong Kong has established a reputation
for being the freest jurisdiction on the planet, along with Singapore. This
makes registering a business in Hong Kong easy, quick, affordable, and practical
Manage remotely:
You can manage your Hong
Kong-incorporated business from any location in the world. Your business will
be able to run professionally every day and advance through the help of an
agency
Huge market:
Hong Kong serves as the most effective
entry point into Mainland China, opening up a market of 1.3 billion people.
Once you have completed the business registration process in Hong Kong, more
than 30 countries that have bilateral trade agreements with Hong Kong will also
treat your company more favourably
Government support:
Hong Kong is a special administrative
region in the Republic of China. It has greater autonomy and the ability to
administer its government.
Eligibility Criteria for
Company Registration in China
A potential applicant must meet the
following requirements to be eligible for the company registration process in
China:
·
Directors
Required: The company
needs a minimum of 3 to 13 directors
·
Chairman
and Deputy Chairman:
There must be a chairman and a deputy chairman for the company
·
Business
Locations: The business
must have a registered address for the company to conduct operations in China
·
Legal
Representative: To
complete the steps involved in registering a company in China, a legal
representative must be designated there
·
Reserved
Name: In addition to
this, the company's name needs to be protected.
Compliances for Company
Registration in China
A Chinese-incorporated corporation must
adhere to the following regulations:
·
Chinese-language financial statements must be
filed. Such Statements must be submitted every month
·
The SAMR must receive the annual report. This
needs to be done within the acceptable time frame (01 January to 30 June)
·
The overall business tax rate is stationed at
25%. The corporate tax rate is 15% for businesses covered by the Chinese Government
Business Scheme, though
·
Every company is required by law to hold an
annual general meeting. Typically, private corporations have their annual
general meetings nine months following the conclusion of the fiscal year
·
The Chinese Accounting Standards must be
followed by all businesses when updating their books of accounts. This has to
be done every month
·
A business must submit a quarterly corporate
income tax return
·
VAT Returns must be filed by the 15 of every month,
or earlier.
Documents Required to Register
a Company in Hong Kong
·
Company name (as approved)
·
Registered office address
·
Legal representative's tax ID
·
The company supervisor's ID
·
Information about shareholders and directors
·
Shareholders' documents notarised
·
Memorandum of Association (MoA)
·
Articles of Association (AoA)
·
Capitalisation schedule of the company
Why Silver Unicorns
Technologies?
Silver Unicorns Technologies has the
best team of attorneys and business experts who can help you in going
international with your business. Our business experts are adept when it comes
to compliances. We can help you in incorporating a company in Hong Kong easily
without any delays. Reach out to us right now!
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