Hong Kong Company Incorporation is the most crucial step to setting up any international business. It is also considered to be the easiest among all the business registration procedures in the world. The reason for this is that it caters to the most complex international business systems and regulations. Therefore, if you wish to set up a business in Hong Kong, you will do well to avail the following benefits of Hong Kong company incorporation:
Fast Name Availability Search. Hong Kong company incorporation registry makes conducting a name search easy. Through this registry’s services, you get to search for names of persons and companies registered on the Companies House database. Moreover, you can also get to know their addresses, contact details, trade names, and the likes.
Fast Business Number Search. A new company cannot be registered without a business number. You need to know the companies’ directors’ relevant business numbers before you can proceed with the process of company incorporation in Hong Kong. It is the only way by which you can conduct a new company registration in Hong Kong.
No Fees on Company Formation. Companies House conducts free name searches for all its members and clients annually. If you want to perform a free search for a company incorporation form, you need to visit the Companies House website. Then you can fill in the necessary information, and the site will immediately display the results. However, if you want to get your company registered in Hong Kong with no fees, you can check out the Companies House Registration Office website.
Well Developed Technology System. Since Hong Kong has become an important financial centre of China, many entrepreneurs worldwide have migrated to this city in large numbers. Therefore, the city boasts some of the best technology and infrastructure facilities available in China. Therefore, if you wish to establish a new company, you should certainly consider investing in the latest technology system to cut down on costs. The most popular technology platforms include Microsoft Excel and Lotus Notes.
Reliable Registry. The local government holds the official business register, and it is accessible to Hong Kong business registration certificate applicants. In case you are unable to find the business registration certificate of the company you are looking for, you can visit the office of the Secretary of State’s Registry at the Commercial Registry Office at Government Buildings, Kowloon Office, or Victoria Office. Besides, you can also visit the local copy shop at Lamma Plaza, Causeway Bay or the Post Office at Central, Queens Road, Tin Shui Road or the Commercial Registry at the Tin Shui Road, Tsim Sha Tsui, or the Shau Kei Wan Business Office at the Lamma Plaza Shopping Complex, Causeway Bay.
Extra Fee. You may need to pay an additional fee if you are incorporating more than one company. It applies to the first and the second company formation. However, you may not have to pay any extra fee if you register only one individual business.
Company Secretary. The company secretary plays an essential role in company incorporation. The company secretary is the person who makes all arrangements for the company’s meetings and general board meetings. Therefore, you should select a trustworthy company secretary. To be on the safe side, you should engage the services of a company secretary with sound professional background and relevant experience in company registration and company secretary duties.
Registered Agents. You need to appoint at least two agents for handling the affairs of your company. These agents can act in place of the directors. These two representatives are called as the company secretary and the registrant agent.
Business Registration. Another vital procedure in company incorporation is that of business registration. Suppose you set up a new Hong Kong company from Hong Kong. In that case, you must get a business registration from the relevant government authorities (for instance, the SARFT, Compac FC, or the Hong Kong exchange) before you register the company.