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Setting up Companies in Hong Kong

Update Date:2016-4-5 9:13:18 Source:Tannet (Malaysia) Sdn Bhd Views:1688

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Setting up Companies in Hong Kong means Hong Kong Companies Registry, Hong Kong Companies incorporation. Hong Kong Campnies set up. Once you have decided to incorporate a limited company and chosen a company name, you can apply for incorporation with the Hong Kong Companies Registry (“CR”). There are two stages containing the procedures necessary in legally setting up the most common type of company- a private limited company - in Hong Kong. These are incorporation and registration.


Setting up Companies in Hong Kong-- Incorporation

The application to incorporate a limited company must be made to the Registrar of Companies.

A check must then be undertaken to see if the proposed name for the company has already been registered. If it has, an alternative name will need to be used.

The memorandum and articles of association of the company will need to be submitted along with a covering letter and a statutory declaration of compliance made by a solicitor.

The Memorandum of Association should contain the company's name in either Chinese or English and detail its registered office, share capital and number of shares allotted to each subscriber (minimum one). All initial subscribers should sign the memorandum and have it witnessed.

The Articles of Association govern the regulations of the company. If wished it can make its own or adopt a 'Table A' as laid out in the Part II of the Companies Ordinance Cap32.

The memorandum and articles of association, declaration of compliance and registration fee must be submitted, upon which a certificate of incorporation will be issued. It normally takes 6 working days for the application to be processed. Registration Fees vary depending on whether the company has share capital or not.


Setting up Companies in Hong Kong --Registration

Every company incorporated in Hong Kong must be also be registered under the Business Registration Ordinance (BRO) within 30 days of incorporation or the date of commencing business, whichever is the later.

The Business registration certificate which is anually renewable must be obtained from the Inland Revenue in a procedure which takes around 7 days.


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