The new Companies Ordinance simplifies the method of execution of files by firms. The maintaining and usage of frequent seal is currently optional.
As compared to other business structures, registration of sole proprietorships in Hong Kong is rather uncomplicated and substantially more workable. As discussed higher than, registration requires just one one phase of registering the company at the Inland Income Section.
Biz & Chicken provides accounting, audit referral and taxation services To help you in complying Together with the pertinent regulations. Other prerequisites may include getting required licenses and permits for your enterprise activities.
Incorporating your company in Hong Kong via InCorp is actually a easy and simple procedure, guided by our dedicated team of specialists.
There are lots of forms of corporations that could be registered under Hong Kong laws. One of the more widespread kinds is definitely the constrained liability company, which delivers strong lawful defense for its shareholders and directors.
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The registrability of a company name can only be verified just after the appliance for incorporation has become processed by the Companies Registry. If your proposed company title(s) is/are incorrect or can not be registered, the applying may very well be rejected along with the lodgement rate compensated won't be refunded.
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You may well be curious why is there these an inconsistency. The truth is that processing time generally excludes the submitting date. Following The federal government registers your company in file, certification of incorporation and enterprise license will only be issued to the fifth day. Therefore, you'll be able to count on a time frame of 6 – seven small business days for paper submission.
On top of that, the new need for providers to determine and sustain up-to-date info on useful ownership by way of trying to keep a major Controllers Register was implemented on the same working day.
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After all needed paperwork are submitted, you'll be able to anticipate to receive your business registration and incorporation certificates within two to 6 organization days, which can be gathered at the Companies Registry Workplace. These certificates confirm your company's existence and superior standing in Hong Kong.
This registration will have to occur within just just one thirty day period of the appliance for company incorporation. Together with the Formerly pointed out documents, you will provide the subsequent to your Company Registry (CR):⁵