6 Steps Register HK Company

Hong Kong Company Registration

6 Steps Register HK Company

Here are the 6 steps to register a company in Hong Kong:

1. Choose a Company Name:

   • The name must be available and not be offensive or misleading.

   • You can check name availability on the Companies Registry website.

   • Consider using a name that reflects your company's activities and brand.

2. Select a Legal Structure:

   • The most common structure for foreign companies in Hong Kong is a Private Limited Company (PLTC).

   • This structure offers limited liability protection for shareholders.

3. Appoint a Company Secretary:

   • A company secretary is mandatory for all Hong Kong companies.

   • They are responsible for ensuring compliance with local regulations.

   • You can appoint a professional company secretary or act as one yourself if you meet the eligibility criteria.

4. Appoint Directors:

   • You must have at least one director, who can be an individual or a corporate entity.

   • Directors must be at least 18 years old and not disqualified from acting as a director.

5. Determine Share Capital:

   • You need to decide on the total share capital of your company.

   • This is the amount of money that the company is authorized to raise from shareholders.

6. Prepare and Submit Incorporation Documents:

   • You will need to prepare the following documents:

     • Incorporation Form (NNC1)

     • Notice to the Business Registration Office (BR2)

     • Memorandum and Articles of Association (if applicable)

   • You can submit these documents online or in person at the Companies Registry.

Additional Considerations:

• Registered Office Address: You will need to provide a local registered office address for your company.

• Business Registration Certificate: After incorporation, you will need to obtain a Business Registration Certificate from the Inland Revenue Department.

• Bank Account: Opening a local bank account is recommended to facilitate business operations.

Professional Assistance:

While it's possible to register a company in Hong Kong yourself, it's often advisable to seek professional assistance from a local corporate service provider. They can help you with the entire process, ensuring compliance with all legal requirements and saving you time and effort.

Helpful Resources:

• Companies Registry: https://cr.gov.hk/

• Inland Revenue Department: https://www.ird.gov.hk/

• Invest Hong Kong: https://www.investhk.gov.hk/en/

By following these steps and seeking professional advice if needed, you can successfully register your company in Hong Kong and take advantage of its favorable business environment.

How Bestar can Help

6 Steps Register HK Company

Bestar can significantly streamline the process of setting up and managing a company in Hong Kong. Here's how we can help:

Company Incorporation:

• Name Search and Reservation: We can assist in finding a suitable company name and reserving it.

• Document Preparation: We can prepare all the necessary incorporation documents, such as the Memorandum and Articles of Association.

• Submission and Follow-up: We can submit the documents to the Companies Registry and follow up on the application process.

Company Secretarial Services:

• Regulatory Compliance: We ensure your company complies with all relevant Hong Kong regulations, including filing annual returns and tax returns.

• Board Meetings: We can organize and minute board meetings, ensuring compliance with corporate governance best practices.

• Shareholder Meetings: We can assist in organizing and minuting shareholder meetings.

Accounting and Taxation Services:

• Bookkeeping and Accounting: We can maintain accurate financial records and prepare financial statements.

• Tax Compliance: We can help with tax filings, including corporate income tax, property tax, and payroll tax.

• Tax Planning: We can provide advice on tax-efficient strategies to minimize your tax liability.

Other Services:

• Registered Office Address: We can provide a registered office address for your company.

• Company Formation: We can assist with the entire company formation process, from name search to obtaining a business registration certificate.

• Bank Account Opening: We can assist in opening a corporate bank account in Hong Kong.

• Payroll Services: We can manage your company's payroll, including calculating salaries, deducting taxes, and making statutory payments.

By outsourcing these tasks to Bestar, you can save time, reduce costs, and ensure compliance with all relevant regulations. This allows you to focus on your core business activities and grow your company.