Registering Company

Registering Company | Bestar

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

1. Choose the type of company and name. You can choose from a company limited by shares, a company limited by guarantee, or a company unlimited. The name of your company must be unique and not already in use.

2. Prepare the necessary documents. You will need to prepare the following documents:

• Incorporation Form (Form NNC1 or Form NNC1G)

• Articles of Association

• Notice to Business Registration Office (IRBR1)

• Specimen Signatures

• Proof of identity for each director and shareholder

• Proof of address for the company's registered office

3. Pay the registration fees. The registration fees for a company in Hong Kong are as follows:

• Incorporation fee: HK$1,000

• Business registration fee: HK$250

• Stamp duty: HK$100

4. Submit the application to the Companies Registry. You can submit the application electronically through the e-Registry or in hard copy form to the Companies Registry office.

5. Wait for the approval of your application. The Companies Registry will process your application within 5 working days. If your application is approved, you will be issued with a Certificate of Incorporation and a Business Registration Certificate.

The total cost of registering a company in Hong Kong is approximately HK$2,350. This includes the incorporation fee, business registration fee, stamp duty, and the cost of a company secretary and Hong Kong address service.

Here are some additional tips for registering a company in Hong Kong:

• You can use a company formation agent to help you with the registration process. This can save you time and hassle, but it will also cost you more money.

• Make sure that the name of your company is unique and not already in use. You can search the Companies Registry database to check the availability of a name.

• The Articles of Association are the governing documents of your company. They set out the rules and regulations for how your company will be run. You should take the time to carefully consider the Articles of Association before you sign them.

• You will need to appoint a company secretary for your company. The company secretary is responsible for maintaining the company's records and filing its annual returns with the Companies Registry.

• You will need to provide a registered office address for your company. This can be your own home address, or you can rent a virtual office space.

Why Register Company in Hong Kong

There are many reasons why you might want to register a company in Hong Kong. Here are some of the most common reasons:

• Low taxes: Hong Kong has a very low corporate tax rate of 16.5%. This is one of the lowest corporate tax rates in the world.

• Free trade: Hong Kong is a free trade zone, which means that there are no import or export duties. This can save you a lot of money on your business expenses.

• Easy to do business: Hong Kong is known for its efficient government and business-friendly environment. It is easy to register a company in Hong Kong and to conduct business there.

• Strategic location: Hong Kong is located in a strategic location at the crossroads of Asia. This makes it a great place to do business with China, Southeast Asia, and other parts of the world.

• International reputation: Hong Kong has a long history of being a financial and business center. This gives your company a lot of credibility when you do business with international partners.

If you are considering registering a company, Hong Kong is a great option to consider. It offers a number of advantages that can help your business succeed.

Here are some additional benefits of registering a company in Hong Kong:

• No minimum share capital requirement: There is no minimum share capital requirement for a company in Hong Kong. This means that you can start a company with a small amount of money.

• One-stop shop for business registration: The Companies Registry in Hong Kong is a one-stop shop for business registration. This means that you can register your company and obtain all the necessary licenses and permits in one place.

• English common law system: Hong Kong follows the English common law system. This is a well-established legal system that provides certainty and predictability for businesses.

• Favorable tax treaties: Hong Kong has signed over 30 tax treaties with other countries. This can help you to reduce your tax liability on your international income.

How Bestar can Help

Bestar is a professional accounting and business advisory firm with over 20 years of experience in Hong Kong. They can help you with all aspects of registering a company in Hong Kong, including:

• Choosing the right type of company: Bestar can help you choose the right type of company for your business needs, such as a company limited by shares, a company limited by guarantee, or a company unlimited.

• Choosing a company name: Bestar can help you choose a company name that is unique and not already in use.

• Preparing the necessary documents: Bestar can help you prepare the necessary documents for registering a company in Hong Kong, such as the Incorporation Form, the Articles of Association, and the Notice to Business Registration Office.

• Paying the registration fees: Bestar can help you pay the registration fees for your company.

• Submitting the application to the Companies Registry: Bestar can submit the application to the Companies Registry on your behalf.

• Obtaining the Certificate of Incorporation and the Business Registration Certificate: Bestar can help you obtain the Certificate of Incorporation and the Business Registration Certificate for your company.

In addition to helping you register your company, Bestar can also provide you with a number of other services, such as:

• Company secretarial services: Bestar can provide you with company secretarial services, such as maintaining your company's records and filing its annual returns with the Companies Registry.

• Tax advice: Bestar can provide you with tax advice on your Hong Kong company.

• Business advisory services: Bestar can provide you with business advisory services on a wide range of topics, such as accounting, finance, and marketing.

If you are considering registering a company in Hong Kong, I recommend that you contact Bestar for a consultation. They can help you with all aspects of the registration process and provide you with the support you need to set up and run your business successfully in Hong Kong.

Here are some of the benefits of using Bestar to register your company in Hong Kong:

• Expertise: Bestar has over 20 years of experience in helping businesses register in Hong Kong. They have a team of experienced professionals who can help you with all aspects of the registration process.

• Convenience: Bestar can help you register your company online or in person. They can also handle all the paperwork and filing for you.

• Cost-effectiveness: Bestar offers a competitive price for their services. They can help you save time and money by handling all the details of the registration process for you.

• Peace of mind: Bestar can help you ensure that your company is registered correctly and that you are compliant with all the relevant laws and regulations.