The Boom Hong Kong: Company Incorporation Services in Hong Kong
Boom is a Hong Kong-based provider of company incorporation registration services in Hong Kong, supporting local and overseas clients worldwide since 1987. With over thirty years’ worth of experience and knowledge of our field, we have successfully incorporated for our clients in top business locations across Asia.
Hong Kong is crowned Asia’s premier Financial, technological hub of East Asia. Hong Kong has many advantages and benefits for its consistent success over many years as an international business city. For example, Hong Kong offers a very business-orientated environment for both employment and investment opportunities. From the hiring, recruitment, and relocation of local and overseas staff; It is because of this employer-friendly legislation and common law system that Hong Kong has developed a wide extensive multi-national community offering a pool of multilingual skilled labour with different views, perspectives, philosophies, and opinions on work ethic. Another result of this employer-friendly legislation and management is any disputes in labor and management involving key individuals are extremely rare, and business-related strikes are virtually unknown in Hong Kong. Lastly, Hong Kong’s low tax rates are a significant incentive for both companies and individuals to relocate to Hong Kong, with the city having an open-door policy making work visas for employees and investment visas for entrepreneurs easier to get than most other jurisdictions in East Asia.
Because of all these advantages, whether it is an entirely new entity in Hong Kong or a Hong Kong subsidiary, setting up a company in Hong Kong is a fast, straightforward, and entirely inexpensive process to complete. In under a week, you can from start to finish, you can get your company fully running and incorporated here in Hong Kong. Below are the basic steps to setting up a business in Hong Kong:
Selecting the Type of Business
In Hong Kong, the most commonly used structure is a private company limited by shares. This would be a separate legal entity from its foreign parent company if the individual is creating this company in Hong Kong. This means the liabilities of the subsidiary company do not extend to the original parent company. Another common type of business found in Hong Kong is the Representative Office. A representative office has no legal status and cannot conduct any profit-generating business activities. This type of company is used to explore the Hong Kong market before making any larger investments in the area, only functioning as promotional and liaison work.
Minimum Requirements for Company Incorporation Registration Services in Hong Kong
To Set up a Company in Hong Kong, you will need the following people in your company:
- Individual Director (1)
- Shareholder (either individual or corporate) (1)
- Company Secretary (1)
- All Hong Kong Companies must appoint a Company Secretary based in HK
- They are responsible for annual maintenance of the company and to ensure the company is compliant with the regulations
- Registered Office Address (1 address)
- Designated Representative (1)
Company Incorporation Registration Services in Hong Kong and Business Timeline
Once you have confirmed all of the above, your company’s certificate of Incorporation will be ready in 3 – 5 working days after you complete a submission to the Hong Kong Companies Registry (CR). Your company must also submit company statutory documents and other supporting documents, such as a business plan and proofs.
With our expert assistance, Boom makes the process of establishing a company in Hong Kong easy. As leading professional providers of corporate services to companies in multiple offshore jurisdictions such as Seychelles, Samoa, Cayman Islands, and the British Islands and other mainstream places such as China and Singapore. We are well known for our high quality and experienced staff, offering tailor-made corporate solutions to match your company’s needs and for the handling and organizing of all the confusing tax and establishment papers, work visas, etc., so you may focus on your passion, which is the core of your business.
Below is our comprehensive Hong Kong company incorporation solution, including:
- Assistance with Bank Account Opening
- HK Limited Company Formation
- Provision of Company Secretary
- Provision of Virtual CFO
- Provision of Registered Office Address
- Preparation of Significant Controllers Register
- Provision of Designated Representative
Are you looking for some assistance in company incorporation services in Hong Kong? You can trust that here at Boom we always treat our clients and partners with fairness, honestly and respect. If you are interested in pursuing this further, come talk to us about the incorporation requirements of Hong Kong, China, and Singapore, and we will be more than happy to assist you through each of the local jurisdictions’ processes. Every country in East Asia has their own specific set of provisions, which is one of the reasons professional assistances is essential for your smooth transition.