Hong Kong Company Incorporation Services | Prism Consultancy Co., Ltd. Hong Kong Company Incorporation & Accounting Services PRISM Consultancy provides Company Incorporation and professional consultancy services for foreigners who are to and/or have set up companies in Hong Kong. Room 1203-4A,12/F, Tower 3, China Hong Kong City 33 Canton Rd, Tsim Sha Tsui + 852 2157 8788 info@hkcore.com Interested in setting up your company? This Hong Kong Business Registration Fee is required before you can apply for a Business Registration Certificate. Our team will help you maximize your profits and optimize your tax payments, by providing accounting, bookkeeping, corporate services and CFO advisory. Foreigners can invest in almost any business and own up to 100% of the equity. They are eligible for a lowered corporate profit tax rate of 16.5%, with a tax rate of 8.25% for the first HK$2million accessible profits. Take note that the need to submit a memorandum of association has been removed with the implementation of the new Companies Ordinance. Services Company Setup Hong Kong Company Incorporation Services This post is also available in: (Chinese (Traditional)) (Chinese (Simplified)) No.1 Best Hong Kong Company Incorporation Services | Company Registration Service in Hong Kong As our client, You get exclusive $136 off for your new company. In Hong Kong, forming a company is quick, cost-effective, and straightforward. Alcohol plays a significant role in many types of personal injury accidents in the United States. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. To learn more about Hong Kong company registration and how to set up a business there, you may consult us for a comprehensive guideto Hong Kong Company Registration. Such a company may register in Hong Kong as a Registered Non-Hong Kong Company, and its branch office is not treated as a separate legal entity. With PikoHANA. No, you can incorporate a Hong Kong company from outside Hong Kong. China Hong Kong City Environmental, Social and Governance (ESG), BOOK A CONSULTATION FOR YOUR COMPANY INCORPORATION NEEDS TODAY, contact BoardRooms incorporation experts. Leong said that since there was no valid nomination for a new chairman and no one else to take over leadership, the party would not be able to continue. Were based in Singapore, Malaysia and Hong Kong. In addition to being a terrific place to do business, Hong Kong serves as a convenient entry point for expanding into China and other Asian markets. Ensuring compliance can be a complicated task, which is where the assistance of an experienced corporate services provider can prove invaluable. Identity documents (e.g. Hong Kong company secretaries cannot be directors or sole shareholders. What do I require to setup a company in Hong Kong? Sovereign Group 2023, All rights reserved, Opening a Hong Kong and offshore bank account, Company Secretary/Resident Agent Services, Property, Immigration and Relocation Services, Hong Kong proposes safe harbour rule for onshore equity disposal gains, Hong Kong gazettes stamp duty relief amendment for attracting talent, Hong Kong issues ratification order for tax treaty with Mauritius, IN PERSON SEMINAR - THE AGE OF THE GOLDEN VISA, Hong Kong set to stage a significant rebound, Hong Kong Budget to boost post-pandemic economy, Hong Kong to refine new foreign-sourced income exemption (FSIE) regime. Anyone above the age of 18 in Hong Kong may legally form a company. Startupr offers two ways for incorporation, and they are: All companies incorporated by Startupr are registered online, no green box container will be provided. This website uses cookies to improve your experience while you navigate through the website. You can easily select the plan that fits your needs, and incorporate a company smoothly. You are deemed to have consented to our cookie policy as you continue browsing our site. It should help connect your company with the products and services offered. Choosing a company name Sovereign will then assist you to choose a name for the company registration. 30 Cecil Street, In addition, the Cooperation of Economic Partnership Arrangement (CEPA) between Hong Kong and China offers further concessions to Chinese imports from Hong Kong. Our help is guaranteed all the way through the procedure of signing up. This is to find out the likelihood for success or failure of the business, before you register a Hong Kong Limited Company. Articles of Association duly attested to by the Company Secretary. It must not have a body corporate as its director. How long does a company setup, Hong Kong, take? Once the company has been incorporated, you may proceed to open a corporate bank account. Incorporating a company in Hong Kong has become increasingly popular among entrepreneurs and business owners across the world, due to its strong economic environment and favorable tax system. The government of Hong Kong SAR has specific policies and legal protection in place for intellectual property rights. Generally, all partners have equal rights in the management of the partnership. Anyone above the age of 18 in Hong Kong may legally form a company. We support first time founders in their businesses. Click on the buttons below to download the files. In addition to company incorporation, our services in Hong Kong include: With offices located throughout APAC, BoardRoom has a strong 50-year history of providing world-class corporate services to businesses across all industries. We use cookies to improve and customise your browsing experience. Sovereign is a leading worldwide corporate services provider with over two decades of experience in the Hong Kong market. Singapore 049712. Company incorporation, which simply means company formation in Singapore is a great way to establish a presence in one of, Hong Kong and Singapore have been among the two most preferred countries for company incorporation by foreign entrepreneurs, and rightly, Company incorporation or company registration is the first step entrepreneurs should take when they have an innovative solution to a, Company registration in Singapore is a goal many foreign businesses would love to achieve due to the great reputation associated, Founders, entrepreneurs, and investors must deal with a fair distribution of equity after company incorporation or investing in a specific, As a startup founder and entrepreneur, there is no lack of challenges in running a business and trying to make, Even though engaging with an accounting service provider seems unreasonable, especially when outsourcing the duties to an external corporate services, Do you know that as of November 2022, there are 411 unicorns in the Asia Pacific? This would give you the CR Incorporation and IRD - Business License. Our company formation and registration services ensure your HK incorporation is fully compliant, thus setting you up for a profitable future in the region. Residential addresses cannot be registered business addresses. Our specialists will get back to you within 24 hours. We will be pleased to help you in dealing with all the aspects of your business. All additional licences, permits, certifications, and approvals necessary for import/export or other commercial activities in Hong Kong may be found on the Trade and Industry Department website. Establishing a legal framework for your company is the first and most crucial step in getting your venture off the ground. Hong Kong detains eight people on eve of Tiananmen Square anniversary This is how your clients identify and remember your company, and allows you to reach the maximum amount of clients around the world. If you are a new startup and unaware of the incorporation process in Hong Kong, this may be a bit difficult at first. Under the Hong Kong Companies Ordinance, there are certain requirements you need to meet and documentation you need to prepare before the incorporation of a company. There is no difficulty or expense involved in company registration in Hong Kong. You can use this location for your company cards, invoices, website, and even business contracts for your company. Startupr supports new companies Get $136 Off, Accounting & Bookkeeping Services in Hong Kong, Hong Kong Company Transfer Secretary Services, Register Other Types of Entities in Hong Kong, Business License for Hong Kong Limited Company. How do I incorporate my business in Hong Kong? Unleashing Potential: How Business Coaching Drives Growth And Development. Designated Representative Free for the first year. We can help with the following as required: BoardRoom provides one of the most popular company incorporation services in Hong Kong. Complete the order form onPackage detailtab above. To obtain a business registration certificate, businesses are required to pay HK$2,000 with a levy of HK$150 for a 1-year certificate validity, or HK$5,200 with a levy of HK$450 for a 3-year certificate validity, as of 1 April 2023. With the support of on-the-ground experts, you will be better prepared to navigate the cultural nuances of new regions. Ensure your new company meets its regulatory requirements every step of the way with the help of our capable incorporation team. This would minimize the risks and even enhance the chances for success. Your health & well-being, as well as that of our colleagues is of utmost importance to us. Anyone may form a corporation without needing to be present at the moment the registration is processed. Hong Kongs appeal is built on its political stability, the rule of law, the free flow of information and the use of English as the language of business. Lets take a look at some of the notable possibilities you may expect to see below: Hong Kong corporation registration requires the following characteristics. Company Incorporation Services 2023 in Hong Kong Sovereign would like to share news, relevant industry and legislation updates with you and contact you about the services we offer which may be of interest to you. One year of registration in Hong Kong costs HK$150 (US$20), or the HK Business Registration Fee (HK BR Fee). All Company Registrar communication occurs here. And this plan should relate to the following: While you follow these points and get your plan assembled, you would have a clear picture about the new online business you are about to initiate. Moreover, Startupr offers assistance in bank account opening, both in Hong Kong and internationally, to help your company get off the ground. For more information, please refer to our website, Accounting, Tax and Bookkeeping Services Hong Kong, Hong Kong Visa Applications (Free Initial Consultation), Preparation of Significant Controllers Register. Can I act as company secretary to my company? Be cautious and even keep a plan B for any worst-case scenarios, so that you can easily cope with it. Here are the major steps you should follow: There are a number of documents you need to have ready for submission before you can successfully register your company in Hong Kong. Hong Kong Company Incorporation Services are Popular with Entrepreneurs - Verge Campus Business Hong Kong Company Incorporation Services are Popular with Entrepreneurs By Moshe. Hong Kong is a businessmans dream, a veritable powerhouse that can serve as a cannon for companies looking to explode throughout Asia and the world. One reason for this is the holistic approach we take to helping businesses comply and thrive. As one of Chinas most populous and economically vibrant cities, Hong Kong is a major hub for international commerce and business. Decide on the service or product you are offering. In Hong Kong, a foreigner may be the only director and shareholder of a company and possess 100% of the companys shares. Information needed by sections 8185 of the Companies Ordinance, such as the companys name, shareholders, share capital, and limited liability declarations, are included herein. The firm must register and keep internal records at this location. There are four key steps to successfully setting up a company in Hong Kong. PikoHANA's incorporation services not only include opening a bank account for you but also guarantee no delays, and in case of any delays, we will bear the . 2023 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved. Compliance also involves understanding emerging trends in regulation as well as changes in industry practices so that organizations can stay current with their legal requirements. To register company in Hong Kong, you will require a: Can I register a company on my own in Hong Kong? Registration of a Hong Kong corporation takes 5-7 business days after submission of the online application. Appoint director(s), a company secretary, and other key personnel, Deliver your application, including the incorporation form, a copy of the companys articles of association, and a notice to the Business Registration Office, Collect all the necessary company certificates, Obtain the necessary business permits and licenses, Organise company insurance and the employee MPF scheme. The company Secretary has to be a local person or corporate. Company Registration & Formation in Hong Kong | InCorp Services Hong Kong is one of the worlds leading business hubs, offering a range of advantages for local and international companies looking to set up shop. You can either do this by yourself, or outsource the bookkeeping of your firm to keep you on track and focus on the health of your business. Hong Kong is one of the worlds busiest marketplaces, and you should definitely take advantage of it. Explore which option is right for you. Home Incorporation Services Company Registration in Hong Kong. Choosing a services provider with offices throughout APAC means you will benefit from local advice as you expand. Your company will be ready to meet objectives from day one. Sovereign Trust (Hong Kong) can assist with your Hong Kong company formation. Having many years of experience in the field, Startupr has priced the services reasonably. Hong Kong offers easy access, both geographically and commercially, to Mainland China. Ensure that this idea is a viable business idea that would cater to the needs of the market, before you move towards its incorporation in Hong Kong. Please dont hesitate to get in touch with us via email (info@hkcore.com) or by phone (+852 2157 8788) to schedule a FREE consultation. Note the key features and benefits of each service or product in regards to the potential customers. At HKCR, we make the company incorporation process simple and effective for you. A copy of the companys articles of association, A company will be required to maintain a minimum presence in its place of incorporation a registered office and a resident company secretary and/or a resident agent. You can find out more about the registration of a new company on the official Companies Registry website. Take advantage of this offer thanks to which you can start your business in Hong Kong from $699. In addition, there are no capital gains taxes on profits made outside of Hong Kong and no dividend taxes for foreign companies operating within the territory. However Sovereign will provide a. This must be done within one month of establishing the place of business in Hong Kong. It offers a dynamic and competitive environment for businesses to thrive in and has become a desirable location for many companies seeking to incorporate. Company secretaries may be individuals or corporations. It is also important to have a well established company agent to help guide you through this process, and solve any problems you may encounter. Open a Bank Account in Hong Kong in 4 Easy Steps, Room 1203-4A,12/F, Tower 3, Several filings with the companies register are required at the time of business registration. Foreigners are more than welcome to start a business in Hong Kong. The government has long been supportive of businesses operating within its borders, providing an environment conducive to conducting international transactions without fear or interference from authorities or rival firms. Immediate Incorporation: The official processing time of the authorities is 4 working days. We promise we wont spam. No matter your business size or type, we can guide you through each phase of incorporation, ensuring a straightforward process from start to finish. A business is usually registered with a preliminary authorised share capital of HKD 10,000 and a paid-up share capital of HKD 1. Incorporate your company in Hong Kong in 4 easy steps: Complete our Client Acceptance Form. We offer professional, responsive assistance to help your business prosper in the long term. Before executing the plan, you need to incorporate the business. According to the National Highway Traffic Safety Administration VergeCampus.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The Company Registrar needs this address. Access accurate local and regional advice. What is Content Management Consulting and How Can It Benefit You? Partnerships provide for the division of labour and a boost in fundraising potential. As one of the most open economies in the world and the gateway into China, Hong Kong is the perfect location for company formation. The incorporation requirements and post-incorporation obligations for entities in Hong Kong vary depending on a range of factors, such as company type, location and listing status. We can explain the rights and obligations associated with each company type so that you are empowered to make strategic decisions. All Hong Kong Companies must appoint a Company Secretary which is based in Hong Kong. As it stands, businesses with profits under HKD 2 million are taxed 8.25% and those whose profits surpass that are taxed 16.5%, which is the maximum percentage. The process of setting up a company in Hong Kong requires several steps, including choosing an appropriate legal structure, appointing directors and shareholders, registering with the Companies Registry, opening a bank account, and obtaining any necessary licenses or permits. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Perfect location on the Asia-Pacific region and along the east-west corridor; Openness to trade, talent, and investments; Business-friendly regulatory and tax system; Status as an international financial centre; and, 1 Shareholder Shareholders may be foreign or local corporations or individuals, HK$ 1.00 The minimum initial issued share capital, 1 Director. passports or identification cards), Proof of address (e.g. Our services cover all aspects of, Branch, Subsidiary or Representative Office, Speak with one of our Company Formation consultants. Companies that set up their base of operations in Hong Kong enjoy a plethora of benefits starting with the fact that the city is renowned for being one of the worlds biggest business and finance hubs. Any nationality may become a Hong Kong Company shareholder under the legislation. Hong Kong Incorporation Services Marketing brings in customers for your company. The Company Secretary is responsible for the annual maintenance of the company and has to ensure that the company is compliant with the regulations, Company incorporation & business registration completed, Submit companys statutory documents, and other supporting documents such as business plan and proofs, Different banks will also have different requirements on the deposit and processing fees, 2021 by Primasia Room 1203, 12/F, Tower 3, China Hong Kong City, Tax needs to be declared just once per year, A director that is a person and not a company, Certificate of Incorporation and Business Registration. Branch Office: This is when a parent company - incorporated outside Hong Kong - wants to establish a place for carrying out its business in Hong Kong. Company Formation, Registration & Setup. A company name will not be registered if it is the duplication of a name appearing in the Registrars Index of Company Names or a name of a body corporate incorporated or established under an Hong Kong Companies Ordinance. (null!=i&&i!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][n]=r)}}); Hong Kong Company can be incorporated within one day. The world-class city also makes it easy for foreigners to start and operate an offshore business in Hong Kong from abroad. It also acts as a gateway for companies looking to do business in Mainland China and mainland enterprises seeking access to global markets. Government fee and Digital Documents included. The Chairman of the Civic Party Alan Leong announced Saturday the pro-democracy party will disband. $285 which is for the Startupr local secretary. And with this, you can pay less by customizing the form and choosing the services that you need. If everything checks out, you may get the Certificate of Incorporation and Business Registration Certificate from the state. They are usually trilingual (English, Mandarin & Cantonese), highly trained, flexible and mobile. Yet, many small organizations often overlook the importance, Two years into the Covid-19 pandemic, many companies have reaped the benefits of adopting a work-from-home (WFH) model, including observing, The simple answer is yes. Hong Kong Company Incorporation Services are Popular with Entrepreneurs, Shop for Comfortable Yoga Clothes in Hong Kong, The Growing Popularity of HIFU in Hong Kong, The Unsung Heroes Of Hong Kong Are The Domestic Helpers, Different Types of Event Management in Hong Kong, The Most Effective Method to Urge the Youngsters to Attend, Memorandum & Articles of Association (M&A), PCI DSS (Payment Card Industry Data Security Standard), Services Offered by Human Resource Consultancy, 5 Ways to Boost Your Creativity When You Are Stuck, Ensuring Compliance: The Importance of RBS Training in Todays Business Landscape. Registering a company in Hong Kong can be a simple and straightforward process, but will depend on your companys specifics, structure, and intention. In terms of commercial prospects, Hong Kong has a lot to offer. Businesses of all sizes face a range of compliance obligations and ongoing maintenance requirements. Mandatory fees include The Hong Kong Government incorporation fee of HK$1,545, if delivered electronically, or HK$1,720 if in hard copy respectively. Under the Hong Kong Companies Ordinance, a company that is neither a private company nor a company limited by guarantee is a public company. Easy to form, a sole proprietorship is best suited for small, low-risk firms run by a single person. The Incorporation in Hong Kong services that we offer have four kinds of fees that are needed by the Companies Ordinance. You can also select the service of Startuprs business address, using their location in downtown Hong Kong for your company. Setting up a company in Hong Kong is fast, straightforward and inexpensive. The most frequently used types of business vehicle for foreign companies wishing to carry on business in Hong Kong are: Every business in Hong Kong is required under the Hong Kong Business Registration Ordinance to obtain a Business Registration Certificate within one month of commencing business for its principal office address and also for any other business address in Hong Kong. Second, make sure that all directors hold valid identification documents such as passports or identity cards issued by their respective countries. Moreover, for using the documents for the Incorporation in Hong Kong during bank meetings, you need them to be certified by a CPA, that is a Certified Public Accountant. You will need to choose a company name and ensure it is not already registered on the Registrar of Companies and does not infringe on the intellectual property rights of a third party. . Additionally, foreigners are not permitted to be the only shareholder. The application documents for company registration must include: There is no requirement on the minimum amount of a new companys paid-up capital under the Companies Ordinance. When it comes to choosing an appropriate legal structure for your business, there are two main options available: limited companies or sole proprietorships/partnerships. Hong Kong Company Incorporation Process - Damalion As one of the most open economies in the world, the Hong Kong Special Administrative Region (SAR) is the ideal location for business set-up and company formation. Registration of a Hong Kong corporation takes 5-7 business days after . Easy Application Any application for company incorporation will include a simultaneous application for business registration. only fulfill functions such as promotion and liaison work. Moreover, it has a majorly English-speaking population and operates under the English common law. Our expertise and experience will streamline your company registration in HK, from requirements, fees to formation weve got your back with our full suite of services.