Hong Kong being one of the most essential hotspots for early entrants because of easy and convenient registration procedure it offers. An individual can easily go for the company registration in Hong Kong with the help of any third party registrar even without the physical presence of the directors of the company. No minimum capital restriction in Hong Kong and a foreign national can own 100% shareholding in a private limited company.
It is a special administrative region (SAR) within China which has its own rules & regulation which differentiates it from China. It offers several benefits to start-ups and is also open for international trade unlike its counterpart mainland china.
Certain restrictions are placed in company registration in China for example; one can form a wholly foreign owned enterprise (WFOE) in China restricted to certain sectors but in Vertical city this condition is not applicable every field is open to all investors irrespective of their business.
How is Hong Kong different from China? It is an inalienable part and a special administrative region within China. Some of the matters where both the regions assert some sort of difference are: Legal system, Currency, Trade & import policies, Telecommunication policies, Culture and Business environment.
The most common types of company incorporation in Hong Kong are companies, sole-proprietorships & partnerships. Some of the most common types are discussed below.
Limited Liability Company offers protection of personal assets from business risks & liabilities and it is a separate legal entity. A company registration can be both a limited liability and unlimited liability. It is one of the most common types of business entity.
It is suitable for small scale business formation. Since this business structure does not protect the owner’s personal assets from business liabilities therefore it is not recommended to opt this form of business structure for your Company Registration in Hong Kong.
Two or more people can share ownership of a single business under this form of business structure. It enables the sharing of responsibilities among the partners and increases the ability to raise funds. However, the partners are jointly responsible for the actions of the other partner. There are two forms of partnership:
Foreign companies interested in setting up an office in Fragrant harbour can register a branch office, subsidiary, or a representative office
Note: Company secretary/shareholder/director cannot be the same person of the company.
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Follow the simple process for incorporation:
The complete and detailed process of incorporation in Vertical city is mentioned earlier in the article.
Yes, a foreigner can start a business in Hong Kong. Incorporation in Hong Kong is cost effective & easy compliance laws are there which make it convenient to start their venture in Vertical city.
No, Incorporation in Vertical city does not require a local shareholder/director.
Company Registration Procedure:
There are some mandatory compliance which needs to be fulfilled:
We at CAONWEB charge a very nominal fee for online company incorporation in Hong Kong.