Start an Offshore Company in Hong Kong

A great offshore company opened throughout Hong Kong must appoint one or more director but their amount may be unlimited. It’s not necessary for them to be Hong Kong occupants. Minimum one shareholder is necessary and maximum fifty. The particular shareholders may be natural people or companies. The company produced in Hong Kong must also designate a local individual or corporate and business resident to have the role connected with company’s secretary. The foreign shareholders have two choices with incorporating an offshore business in Hong Kong. They may sign-up a new company or acquire an already registered one particular.

The companies that are only signed up but do not pose any debts or assets are called corner companies and may be purchased simply by investors that have no time to await until a new company will be incorporated. After buying the idea, the investors may spend directors and secretary in the company, increase the share money and change the name as well as the registered address. The people that wish to register a fresh business must know a few information. First, the company’s desired label must be checked at the Organizations Registry. If it’s not a copy or too much alike together with another one, it can be reserved. And then, the following documents must be published to the Registry. copy associated with Hong Kong identity card intended for Hong Kong resident shareholders or perhaps directors and copy regarding parent company registration

Following Business formation Hong Kong, the particular offshore company established also needs to deposit the following documents: warning announcement regarding the registered address, your choice of appointing the director(s) and the secretary and their authorization to act in that position. additional documents requested by the Enterprise Registration Office, depending on the characteristics of the business. A bank-account must be opened and in just a month since the registration, the business must be registered at the National Revenue Department.

Operating some sort of trading company, a retail store shop, a travel agency, a new restaurant, an employment agency, a college degree business, a financial services organization, an event management agency are usually activities that requires receiving a licence, so it is important to apply for the item at the competent authorities. The sort and number of required allows and licenses vary tremendously from business to organization. We recommend taking the by using a a qualified lawyer or small business consultant in Hong Kong to get professional advice, which will undoubtedly help you rest assured you start your organization proper and in the legitimate framework of this city-state.

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