Opening a business in Hong Kong as a foreign business investor is relatively easy and cost-effective. Hong Kong has a stable economy that provides world-class infrastructure, low taxation policy, business-friendly environment for foreign business investors. As a foreigner, you can own a 100% of your business in Hong Kong and in fact, you may act as a sole shareholder and director of the company. Hong Kong is also a perfect gateway to the Chinese market for establishing your business.
In Hong Kong, there are three types of companies are set up here. Setting up a business in Hong Kong as a foreign is generally restricted to one business type that is Limited Liability Company. However, if you already have a business then there are other options to set up a business in Hong Kong as a foreign entrepreneur.
a) Limited Company:-
A limited company is the most well-known business type in Hong Kong. Since it’s authoritatively incorporated in HK, you’ll appreciate all a similar tax benefits as resident business visionaries do, including the facilitated commerce concurrence with China.
b) Branch Office: -
for foreign company registration in Hong Kong, you can open a branch office in Hong Kong. This kind of office isn’t autonomous of its parent organization and accompanies a particular arrangement of limitations.
c) Representative Office: -
A representative office is the most constrained approach to set up a business in Hong Kong as a foreign entrepreneur. They can’t be occupied with any profit-making exercise, which means you may not make or offer goods or services in Hong Kong. This kind of office is ideal in case you want to open an office for a non-deals based branch of your company, similar to help or marketing staff.
What’s the process for choosing a name for my business?
Before you can start the procedure of, you’ll have to choose a unique name and guarantee that it is legitimately accessible in Hong Kong. You can locate a full list of Hong Kong’s enrolled company names on the web.
What’s the procedure for opening my business in Hong Kong?
The procedure for opening a business in Hong Kong as a foreign investor is genuinely basic, as outlined below:
Submit an application for incorporation online through Hong Kong’s 24-hour Companies E-registry.
For that you’ll require:
1) Incorporation form or shape NNC1
2) A Notice to the office for foreign company Registration in Hong Kong, or frame IRBR1
3) A copy of your organization’s Articles of Association
How long does it take to open an HK business?
In case foreign company registration on the web, you’re in good fortune! Expecting the majority of your documents are all together and you’re approved, the whole procedure, including getting your Certificate of Incorporation and Business Registration Certificate, can be finished in less than 60 minutes.
In the event that you mail your documents, you can expect your Certificate of Incorporation and Business Registration Certificate to be issued within four days.
One thing you’ll have to do to kick your business off is open a bank account in Hong Kong with the goal that you can begin financing your venture. The procedure is genuinely clear for a personal bank account, albeit opening a company bank account requires more paperwork.
Where would I find more assets to help me?
In the event that you have further questions concerning how to set up a business in Hong Kong as a foreign business investor, visit the Government of Hong Kong’s Resource to Setting up Your Business has set up a site with the greater part of the important data for getting registered.