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.
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