Hong Kong Company Incorporation through Enterslice

In today's competitive world, it's quite difficult to establish oneself as unique and successful. Every day a new, advanced, and sophisticated technology is getting introduced in the market which gives rise to the competition among businesses. Therefore, it's highly crucial what strategy you use and who you chose to outsource some of your business operations. 

Likewise, choosing consultants to help you in your initial stages is quite a critical decision. Especially when you're going to start a business in Hong Kong where there's already quite a large number of business operating in the region, it's hard to gain the limelight in the market. 

Now, that you have made plans to start a business in Hong Kong, then you must obtain the company registration first. For Hong Kong company incorporation, you can choose Enterslice. 

Enterslice is one of the world's leading consultants that provide company registrations and other legal services in various countries. Choosing Enterslice will be the best choice you will ever make. 

For Hong Kong Company Incorporation through Enterslice, keep reading this blog-

Minimum requirements for Hong Kong Company Registration

If you have planned to set up your business in Hong Kong, then you fulfill the minimum requirements for company registration in Hong Kong. The minimum requirements are as follows:

• There should be at least 1 director who can of any nationality. Hong Kong nationality is not mandatory.
• There must be a minimum of 1 shareholder (of any nationality).
• The company must hire a 1 company secretary.
• No capital investment is required.
• Minimum 1 share is required to be issued that can in any major currency. Hong Kong dollar isn’t mandatory.
• Taxation benefits; taxes will be levied only on the profits generating in Hong Kong. There’s no tax on profit generated outside Hong Kong. 

Checklist for Hong Kong Company Incorporation

• There should be 3 proposed names for a company that could be either in English, Chinese or the combination of both depending on the preference.
• Address proof of at least 1 director and 1 shareholder (just 1 address proof in case both the director and shareholder of the company are same).
• A colored scanned copy of the passport of all directors and shareholders. 
• Residence proof of all the members and directors.
• A document containing a brief description of the business scope of the company. 

Procedure for Hong Kong Company Incorporation

Earlier, in Hong Kong, foreigners were only allowed to open a Sole Trader Company without having a Hong Kong resident permit. But, now, things have changed completely and this facility has been discontinued. As a foreigner, you can open only a Limited Company in Hong Kong. As per the norms of China Government, you should have an office and a company secretary in Hong Kong. And, the applicant needs to meet all the above requirements.

Step1: The most initial stage for Hong Kong Company Incorporation is to check for the company’s name availability. You can propose a maximum of 3 names. Once you have finalized the name, you can file the application for company incorporation.

Step2: Deliver above-mentioned documents with the required fees. We will submit them to the service portal known as e-registry. Along with that, the incorporation application also needs to be filed. The application will include the following:

• Incorporation Form that is Form NNC1 for a company limited by shares;
• A scanned copy of the company’s Articles of Association;
• A notice to Business Registration Office (IRBR1)

Step3: After the documents are verified, you will receive the notification for a certificate of incorporation that you can download or we will send you. 

The company incorporation procedure in Hong Kong is quite fast. Online application filed with the company registry for business and company incorporation can typically be processed within one hour if documents are true and valid. 

If the application is filed in a hard copy, then it can take up to four working days to issue the certificate. 

With this, the Hong Kong Company Incorporation process ends. If you have any queries regarding the same, then contact Enterslice. We will help you with the registration process without letting you do much. So, don’t delay and contact us. Click here to know more about it.