There are many good reasons to think about a Hong Kong Company Registration. But, there are a whole lot of things involved with setting up a Hong Kong company, too. Here are a few hints to help make the process somewhat easier.
Deciding on the Ideal Type of Business
You will have to know beforehand, exactly which sort of hong kong company registration which you want to setup. Many foreign businesses will pick a subsidiary type of business as it provides them a lot of protection over something such as a branch office. But this will depend on the sort of business that you want to conduct. There’s also the option of opening a representative office. However, this will provide limited options, so far as marketing and sales. Sometimes, it may be difficult to reach a final decision. It might be best to employ firms which focus on helping with business registrations and setups. This can simplify matters and make the process go much quicker, also. A good company will also help with corporate bank accounts. They are knowledgeable about the banking services and can advise you on the perfect type of accounts and precisely what to do.
You will have to find out whether the installation of your Hong Kong business requires any special licenses or permits. Most financial services will need a license and it is advisable to check at the time of your enrollment. Obviously if you hire a company to help you, they will know about any additional things you need.
Most individuals might want to set up a hong kong company secretary as a private business. However, it is ideal to be aware of the options. The private business will have the ability to limit its liability. It is going to also have the ability to get private financing only, and it is called a company that is limited by shares.
A private company is limited on how it is able to offer shares available. It cannot offer them publicly to the general public. These companies are also restricted to fifty full members and this includes employees and staff. Shareholders benefit from investing in Private businesses by limiting their liability to the value of the holdings. If the business goes out of business, shareholders are not liable for debts and worries of the whole company.