Hong Kong Incorporation

You just need to take a decision for incorporating a Hong Kong company and make choice of the name and you can them easily apply for the incorporation with Companies Registry Hong Kong. You can simplify the process of Hong Kong Company by giving a simultaneous application for the company incorporation for registration.

How to apply for Hong Kong Company

You have to make the delivery of all documents online at e-Registry with the required fees. You need to submit incorporation form, cope of the articles of association of the company and a notice to registration office of the business.
Fees for Hong Kong Company Registration

If you want to incorporate a limited company by shares then you need to pay the following fees for various categories:
• Registration for business fee is HKD 2000 for 1 year and HKD 5200 to get the three year certification.
• Hong Kong company registration fee is HKD 1720 and if your application not gets successful then you can apply for a refund of HKD 1425.
• You can also levy the protection of wages on insolvency fund by paying HKD 250 for one year and HKD 750 to get a certification for three years.

Processing time
Hong Kong company online applications for business registration can be processed in one hour and if you deliver the application in hard copy then you get the certificates for business registration and incorporation in four to five working days.

Hong Kong Shopping Destinations
Hong Kong is rated high among the top shopping destinations of the world other than the best place for company incorporation and tourists and local people find the best deals. Hong Kong shopping destinations offer different items from all over the world. Hong Kong visit is not considered complete if you don’t visit the famous streets for shopping. You find small and large shopping centers in these streets which sell all the shopping items. You can easily find the opportunities for budget shopping and exceptional findings.

Resource finding is definitely of critical importance when you incorporate a company. You can find resources at low rates in Hong Kong. Many industries are growing in Hong Kong so you can easily make place in the market. If you want to establish a perfect company which can go ahead and make a big name then you need to make sure that you make the board of directors and then select the best resources.

You need to make sure that you have a primary office located at any place in the world as you need to show the documented proof. You need to ensure that you get your office registered as unregistered companies are treated illegal in Hong Kong. If you will not register your company at the right time then you may have to face complications in the long and that is the reason you need to make sure that you fulfill all the legal requirements before proceeding towards the Hong Kong company incorporation to enjoy benefits in the future.

 

[utibi]

Someone told me St. Kitts is more safe as Seychelles and Belize is.! I don't know

 

[busdriver]

more safe - hmm .... you want to travel there?

 

[JimBeam]

Register a company - no prob at all.
Opening a bank account - most agent lost their contacts to banks because most worked with HSBC but HSBC changed their ideas of which kind of customers they want.
Some agents might have contacts to other banks - but I am not sure.
Also keep in mind in order to maintain the company you also need to do auditing. That can be a lot of work or cost a lot of money.
I am using a service that takes care of the accounting and auditing at a flat fee (payable tax can be low still in HK). PM if interested. They might also have a way to get you a bank account. But all this is not as cheap as it used to be in HK.

I have registered a company in HK using a site startupr.com couple of years ago.
The registration was done by them and there were no issues about that.

They (startupr) told me what docs to prepare for setting up the bank account and I did prepare everything they said I'll need for the interview at HSBC bank.
I flew the half the world and went to the meeting in the bank that they have arranged but it turned out that I'm missing some things because they didn't tell me that I need that (very unprofessional of them!!!).
The clerk at the bank was also surprised but have still accepted my application and told me to send the missing documents by email to him which I did as well as some other things bank also requested.
Three months later the bank declined to open a bank account giving no reason for their decision.

Year later, I haven't commenced any business (since I had no bank account) and I din't want to fly again to HK nor to renew the company so I have closed (dissolved) the company.
When I have read this thread Hong Kong is a trap, a fake good offshore jurisdiction I'm glad I didn't actually did any business there!

Right now I have a need to setup a new company and I'm considering Cyprus or UAE.

 

[busdriver]

@JimBeam :
sorry to hear about your troubles ...

UAE - offshore company or freezone?
Do you need PayPal?

 

[JimBeam]

I need company and bank account in same country (our main requirement) and paying as less taxes possible (2nd requirement). Having bank in same country as company can help with getting a Paypal account (if I understand that well).

 

[JimBeam]

I have read a bit about offshore/freezone options but still don't know enough so I can tell you exactly. I'll run online business and have no plans to have physical presence in UAE nor to do business with local companies.

 

[utibi]

more safe - hmm .... you want to travel there?

No but I don't want to have my Company hostage to pay insane fees. I read they do that in Hong Kong!

 

[JohnLocke]

Sorry guys, would you be kind and discuss other topics than HK in a new thread in the forum here Offshore Company formation

It's easier for new readers!

 

[busdriver]

@utibi I would not say anyone would hold your company hostage. You can always close it. Or maybe even don't close it, just let it die.

 

[lostguy]

I believe if you want to do business in China this is a great please to get headquartered for your business.

But what reliable service agent I can use? any suggestion please?

 

[lostguy]

Personal visit is only required for the bank account opening there not for the company formation and registration! You could also bank somewhere else where you don't need to visit the bank and still keep your Hong Kong corp.

Can Hong Kong company open a account in Cyprus you think?

 

[busdriver]

I think that a HK company can open a bank account in Cyprus (but never tried) .
If you only need the HK company but no HK bank account, I'd say any local HK agent is OK. I used always used the cheapest I could find
For company formation, secretary and registered office, they where OK .
Check for the government fee. It has been reduced from ~US$300 to almost nothing ...

 

[JimBeam]

 

[negon]

So it says from April 2016 to April 2017 not too bad. Seems they need more business in Hong Kong Even the waived fee would not let me reconsider to register a company in HK!

 

[busdriver]

Before it was just very much reduced, it being free now sounds even better. ... Hmm ... do US$200-300 really make such a difference? Especially if you can't get a HK bank account and for that matter also not a PayPal account. Da wiehert der Amtschimmel as they say in Germany ... The HK government should talk to their local banks if they want to promote business...