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Guide to Setting up a Company in Hong Kong

Guide to Setting up a Company in Hong Kong

Hong Kong is a popular destination for business incorporation due to its ease of setup and pro-business environment. Here's a simplified guide to get you started:

1. Planning and Preparation

  • Choose a Company Name: Pick a unique and available name following Hong Kong's naming regulations.

  • Decide on Business Structure: Select a Limited Liability Company (LLC) for common business purposes.

  • Appoint Key People: Identify directors, shareholders, and a company secretary (can be outsourced).

2. Registration Process

  • Prepare Incorporation Documents: This includes a completed form, company articles, and identification proofs for directors and shareholders.

  • Submit to Companies Registry: Electronically file the documents and pay the registration fee.

  • Obtain Certificates: Upon approval, you'll receive a Certificate of Incorporation.

3. Additional Steps

  • Business Registration Certificate: Register with the Inland Revenue Department for tax purposes.

  • Open a Corporate Bank Account: Choose a bank and provide necessary documents to open an account.

  • Comply with Ongoing Requirements: Maintain proper accounts, file annual returns, and pay taxes.

Additional Tips

  • Consider using a registered address service for your company address.

  • Hiring a professional service firm can simplify the incorporation process.

  • Familiarize yourself with relevant business licenses and permits for your industry.

Remember, this is a general guide. It's advisable to research further based on your specific business needs and consult with professional advisors for comprehensive guidance.

How Bestar can Help

Bestar can guide you through setting up a company in Hong Kong in several ways:

  • We can help you choose a compliant and suitable business structure. This involves understanding your business activities and goals to recommend the most fitting legal structure, such as a Limited Liability Company (LLC).

  • We can assist with the preparation and submission of incorporation documents. This includes ensuring all forms are filled accurately and meeting all legal requirements for filing with the Companies Registry.

  • We can advise on any business licenses or permits required for your industry. Business regulations can vary depending on your industry, and Bestar can help identify any necessary licenses or permits to operate legally.

  • We can help you open a corporate bank account. Opening a corporate bank account is essential for managing your business finances. Bestar can guide you through the process and requirements.

  • They can ensure you meet ongoing filing and compliance requirements. Maintaining good corporate standing requires filing annual returns and meeting tax obligations. Bestar can help you stay on top of these requirements.

By working with Bestar, you can benefit from our expertise and streamline the company setup process in Hong Kong. This can save you time, effort, and ensure you are compliant with regulations from the start.

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