Explore New Markets to Expand Your Business



Being in the same place doesn’t give you the freedom to expand your business. Sending goods to another country is one way to expand. But there are limitations there too. You depend on someone in that country for everything. The best way to get full freedom to expand your business is to set up your office in that country and supervise the activities yourself.



What to Look For In a New Country?

When you want to set up a business in a new country you must look at many aspects. You must first know the business potential in that country. You must know whether there is enough scope for development and whether the market is mature enough to accept new products. You must also know if the government supports private companies setting up an office there. The tax regime should be suitable for business. The political atmosphere should be peaceful. The process of forming the company should be simple and straightforward.

Forming Your Company in Hong Kong

Hong Kong is an ideal choice for starting a new company with many positive pointers supporting your investment in the company. The main advantage is that there are consultants in Singapore who can establish the Hong Kong Company for you very easily. They know the formalities of Company formation in Hong Kong and can establish your office very quickly. They can inform you about all the requirements and get the required permissions for you. 



Hong Kong Company Formation Procedures

Like every other country, Hong Kong has formulated its own procedures for registering a company in the nation. There are three authorities for registering your company; the Hong Kong Companies Registry, the Hong Kong Business Registration office, and the Trade Mark Registry. You must first register your company name. There are certain conditions for name registration which must be followed. Only then will the name be registered. You can do a name search first to see if your name is already in use through the consultants.
Apart from having a director and shareholders like in Singapore, the company must have a Significant Controllers Register stored either as hard copy or soft copy in Hong Kong. This register must have details of all the parties who have significant control over the company. There must be one person is responsible for the register and for liaison with law enforcement forces. The consultants providing Company Formation Services will help you with this register.

Comments

Popular posts from this blog

Companies are hiring corporate services to have better efficiency in the market

A Hong Kong Company Formation Can Provide Many Benefits