Set Up Your Base in Hong Kong with Ease

Hong Kong needs no introduction to the business community. It is one of the fastest growing economies in the world and every company of repute has a base here. The city is placed strategically across mainland China which makes it an economic powerhouse. Many of the companies in Singapore and other nearby countries want to set up shop in Hong Kong to exploit the excellent opportunities that it offers. You can easily set up a company in Hong Kong using any of the authorized agents for incorporating your company. 






Opening Your Office in Hong Kong
There are basically four types of companies that you can open in Hong Kong out of which the private limited liability company is the most preferred type. It offers a lot of benefits when it comes to expanding the business and getting funds for the same. The company is a separate legal entity and hence the personal assets of the shareholders won't be affected by any loss or liability.
Understanding the Authorities
Though you will be availing the Hong Kong company formation services from an agent you must familiarize yourself with the various authorities that are involved in company formation in Hong Kong. The Companies Registry is the authority that enforces local company laws. It is also the authorities that will incorporate local companies set up in Hong Kong and register foreign companies that have an office in Hong Kong.
The Business Registration office implements the rules with regard to business registration in Hong Kong. The authority also registers all the businesses that function here. This department falls under the Inland Revenue Department. The Trade Mark Registry is in charge of Intellectual Property and trademark matters.



Procedure to Register the Company
The registration process of companies in Hong Kong starts with the registration of the company name. You cannot register a name which is already being used by a local company. The name should not give the impression that the company is associated with the local government. The name should contain the word “Limited” in the English version. You cannot have a name that has both English and Chinese letters. You can do a name check using the various websites of the government.



One of the important requirements in Hong Kong company incorporation states that the company maintains a significant controllers' register in the registered office. This will give the details of the persons who have significant control over the company. There must be one designated representative in the company who should be a Hong Kong resident. The person can be an employee of the company or a licensee of the Hong Kong Trust of Company Service Provider.

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