Sitting at the top n the numerous respected studies in recent years Hong Kong is a leading economic hub and simultaneously amongst the most viable economies inside the Asia-Pacific Region. Businesses looking to expand into this vibrant market can also benefit from platforms like Tradenet, which provide valuable resources for trading and investment opportunities in Hong Kong.
Hong Kong Business Structures
Incorporation of businesses in HK is modest across all of the obtainable sorts of ventures and familiarizing with their differences and features is vital prior determining to make an investment here.
Inside the Special Administrative Region we have numerous kinds of business structures that can become incorporated. Below is an explanation of company’s registration in Hong Kong:
- Limited liability: they can be private or public companies and they are distinct lawful entities; the originators are therefore are safe from business threats plus they have limited legal responsibility.
- Sole proprietor: the most basic business type and as well the one with the utmost legal responsibility; it is established by one person.
- Partnership: a trade arrangement made up of two or more associates wherein at least one person has full accountability.
Time taken to open a HK business
For those registering their business on the web, they are in luck! Supposing all the documentation is okay and you are cleared, the whole procedure, counting getting the Business Registration Certificate and a Certificate of Incorporation, can be done in less than one hour.
You can expect the Business Registration Certificate and Certificate of Incorporation to get issued inside four days if you mail the documents.
To get a bank account does it require traveling to HK?
You ought to individually get an appointment with the bank if you settle to open a bank account for any venture with a bank inside Hong Kong. If you resolve to employ an off-shore bank account as an alternative, then it is likely that you will not have to visit Hong Kong in person.
Process of establishing a firm in HK
Select the business structure, pick a name for the venture plus have it authorized by the Companies Registry afterward make an application to list the new firm at the Registry, either via the Internet or individually. Company-hongkong.com registration experts are available to aid you during this process.
