Important Tips for Creation of Companies in Hong Kong

Creating companies in Hong Kong - Types of companies Depending on each need, there are different alternatives in terms of However; Hong Kong has simplified the procedures in order to facilitate the arrival of new companies and entrepreneurs in its territory. Setting up sole proprietorship in Hong Kong is not an easy job.

Below is one of the most commonly used company types in Hong Kong due to the simplicity and speed of its creation and the range of activities it can carry out:

Incorporation of a Limited Company in Hong Kong (Hong Kong Limited Company)

1. What is a Hong Kong Company LTD?

A Limited Company in Hong Kong is a company limited by shares, which must have at least one shareholder and one director (may be the same person), this distinction between shareholder and director is given in its functions, since the shareholder is the owner of the company, while the director is its general manager, but the same person can be both shareholder and director, if applicable. The company must have a registered address in Hong Kong and in turn, must have the figure of a Corporate Secretary who must be a person or a company resident in Hong Kong and is responsible for maintaining the legal obligations of the company in order. Options to have your own Limited Company in Hong Kong

In Hong Kong there are two alternatives to have a limited company: 

Buy an existing company within the list of companies available for sale (buy a shelf company). Thus, the process to have your own company in Hong Kong takes three (3) business days once you provide us with the required information (request the list with the names of the companies available).

This modality has the great advantage of speed, since it takes three (3) business days to have a company of your property ready to do business. If you wish to change the name of the company or any of its characteristics, you can later use the corporate secretarial services for such purposes.

Create a new limited company, using the name you wish to have. Thus, the registration procedure of the company takes approximately seven (7) working days, after having supplied the necessary documents and information.