Basic and Easy steps to Company Registration in Hong Kong

As one of the most open economies in the world, Hong Kong is the ideal location for business set-up and company formation. Opening and registering a company in Hong Kong is very easy and cost-effective.

In this blog, we will discuss about the company registration process in Hong Kong and we will cover the topic which includes

1. Basic requirements for Company registration in Hong Kong
2. The process of Company registration in Hong Kong
3. Documents required for Company registration in Hong Kong

Let's start the journey!

Basic Requirements for Company Registration in Hong Kong

Below are some of the basic requirements which you should keep in mind before taking company registration in Hong Kong.

• Company name - In Hong Kong, Company name must be in English or Chinese
• Number of Director - There is a minimum number of one director. There is no nationality restriction on the appointment of a director.
• Shareholder - There should be at least one shareholder. The shareholder must be at least 18 years of age and may belong to any nationality.
• Company secretary - Appointment of one company secretary is compulsory.
• Ongoing Compliance - It is mandatory for Hong Kong companies to prepare and maintain accounts. Accounts have to be audited annually by Certified Public Accountants.

The Process of Company Registration in Hong Kong

Here we will discuss the process for registration of a company in Hong Kong. Let's have a look on it.

• Check name availability - In the first step, an applicant has to check the availability of company's name. The applicant can apply for company registration with a maximum of 3 names.
• Filing of Application form - After finalization of the company name, the applicant has to file an application for registration of the company.
• Application for registration of the company has to be filed online at e-registry or via the CR e-filing mobile application.  The application will include
• Incorporation form
• A copy of the company's article of association
• A notice to Business Registration office
• After verification of application and all the documents, the certificate will be issued.

Documents Required for Company Registration in Hong Kong

List of the documents required for company registration in Hong Kong is given below:

• Name of the company
• Registered address
• A brief description of business activities
• Particulars of shareholders, directors and company secretary
• Copy of the Company's article of association

Conclusion

A Chinese company is a key vehicle to access the China market and a Hong Kong-registered company is the wheel of this vehicle to advance your business expansion in China market.

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