The Single Best Strategy To Use For setup a company in hong kong

Minimal Partnership makes it possible for as quite a few companions as in the situation of the final Partnership. Even so, not less than one particular spouse is entitled to own limitless liabilities while some' obligations are restricted to their degree of contribution.

Next, open up a business bank account to deal with your funds. Hong Kong features an array of world wide and native banking companies that cater towards the needs of overseas expats.

Old-earth financial institution accounts only do the job adequately in a single region. They keep funds only in a single currency. And it will get high-priced any time you try to make use of them across borders. The Intelligent Enterprise account solves all this.

The registration course of action in Hong Kong is successful, and most often, your online business is often formed within just 48 hours.

We recognize that a responsible corporate stands on its impression, for that reason a Status handle is essential to create up a trustful and honorable impression.

Communication is another non negligible element for our enhancement, your impression is critical.

Even though the Hong Kong subsidiary setup process is lengthy, your company can encounter a lot of Added benefits. By way of example, setting up a subsidiary enables you to operate under a confined legal responsibility construction, which allows your parent company avoid high-priced litigation or other fines.

This has led Hong Kong being a leading Intercontinental sector and fiscal Centre For a lot of entrepreneurs.

Appointing a company secretary. If somebody, they need to reside in Hong Kong or, if a entire body corporate, it need to have its registered Workplace or place of enterprise in Hong Kong. A sole director of A non-public company can't be the company secretary.

Note that there's no lawfully specified total for starting funds — even so, it is normally proposed that you have at least HKD$10,000 in the checking account in Hong Kong.

Acceptance of the company application will happen within just one hour whether it is finished electronically while difficult duplicate is going to be permitted in just four Performing times. 

Hong Kong’s law also involves regional firms to file annual returns and why not find out more fork out annual registration costs, in conjunction with audited money statements geared up and signed off by a certified general public accountant. If these obligations are not fulfilled, penalties may well apply to your neighborhood company.

You can not seek the services of any staff members until eventually you build the subsidiary, meaning you might get rid of competent candidates who don’t want to wait around until the company forms.

** Consumers can delight in no cost accounting services session throughout the company time period, but exclude the applying for offshore revenue exemption and similar tax organizing.