Key steps to take toward the registration of a business in Hong Kong are as follows:
Step 1: Choose the Business Structure
- Select the kind of business structure: A private limited company is one of the favorite options because the liability is limited, and tax advantages are huge.
Step 2: Naming Your Company
- Give your company a name: Make it unique and in line with naming guidelines per the Hong Kong Companies Registry.
Step 3: Prepare the Documents and File
- Prepare required documents: Articles of Association and Form NNC1 – incorporation form.
- State the particulars of proposed directors, shareholders and company secretary: if foreigner, attach passport with proof of address.
- Filing of documents: if you need help, One IBC Hong Kong will assist you in registering your company in accordance with local law.
Step 4: Apply for Business Registration Certificate
- Get the Business Registration Certificate from the IRD: This is renewable every year after it’s issued.
Step 5: Corporate Bank Account Opening
- Corporate bank account opening: While this procedure may be relatively complicated for non-residents, One IBC Hong Kong can make things easier by communicating directly with the banks and recommending documents required to complete the process.
Step 6: Ongoing Legal Compliance
- Achieve ongoing legal requirements: This involves the filing of annual returns and keeping the books of records of the company up to date.
- Effortless Compliance: One IBC Hong Kong can help you to deal with all the issues of registration and compliance matters effortlessly.
All these steps are vital towards the successful registration of your business and its continued operations in Hong Kong.