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How to Register a New Hong Kong Company?

Updated: Feb 25


How to Register a New Hong Kong Company? | Bestar
How to Register a New Hong Kong Company? | Bestar

How to Register a New Hong Kong Company?


Registering a new company in Hong Kong involves several steps, both pre-incorporation and post-incorporation. Here's a basic overview:


Pre-incorporation:


  1. Verify Company Name: Check if your desired name is available and complies with naming regulations through the Companies Registry's website.

  2. Choose Business Structure: Decide if you want a sole proprietorship, partnership, or limited liability company (LLC). LLCs offer personal liability protection.

  3. Prepare Documents: Gather necessary documents like passports, proof of address, and proposed company details.

  4. Select Registered Address: Secure a registered address in Hong Kong for legal and tax purposes.

  5. Appoint Directors & Shareholders: Identify at least one director and shareholder (both can be you if running solo).

  6. Draft Articles of Association: This document outlines the company's internal rules and governance.


Registration:


  1. File Incorporation Application: Submit the application form (NNC1 or NNC1G) with required documents and fees to the Companies Registry. This can be done electronically or in person.

  2. Obtain Certificate of Incorporation (CI): Upon successful application, you'll receive the CI, officially registering your company.


Post-incorporation:


  1. Business Registration Certificate (BRC): Register with the Inland Revenue Department (IRD) to obtain your BRC for tax purposes.

  2. Open Bank Account: Open a corporate bank account for your business transactions.

  3. Comply with Regulations: Register for relevant licenses, permits, and fulfill ongoing statutory obligations.


Additional Notes:


  • Consider seeking professional assistance from company formation specialists, especially for complex situations or unfamiliar legal aspects.

  • The process can take several days to weeks depending on individual circumstances.

  • Fees apply for registration and other services.


Resources:



It's advisable to consult with a qualified professional for specific legal and financial matters related to your company formation in Hong Kong.


How Bestar can Help


Bestar can help you register a new Hong Kong company in several ways:


Pre-incorporation:


  • Company name verification and availability check: We can ensure your desired name is legal and available.

  • Assistance with choosing the right business structure: We can advise on the best structure for your specific needs, considering factors like liability protection, tax implications, and ownership.

  • Preparation of incorporation documents: We can handle the preparation and filing of all necessary forms and documents with the Companies Registry.

  • Obtaining the Business Registration Certificate (BRC): We can assist with registering with the Inland Revenue Department (IRD) to obtain your BRC.

  • Opening a corporate bank account: We can help you open a corporate bank account for your business transactions.

  • Liaison with government departments and regulatory bodies: We can handle communication and interactions with relevant government departments and regulatory bodies on your behalf.


Additional services:


  • Compliance with ongoing statutory obligations: Bestar can ensure your company complies with all necessary regulations and filings after incorporation.

  • Tax advice and registration: We can provide tax advice and assist with tax registration and filings.

  • Accounting and bookkeeping services: We can offer ongoing accounting and bookkeeping services to manage your company's finances.

  • Business advisory services: We can provide broader business advisory services to support your company's growth and success.


Benefits of using Bestar:


  • Expertise and experience: We have extensive experience in company formation and business registration in Hong Kong.

  • Efficiency and time-saving: We can handle the entire process efficiently, saving you time and effort.

  • Reduced risk of errors: Our expertise helps ensure your application is accurate and avoids potential delays or complications.

  • Peace of mind: We can handle the complexities of the process, allowing you to focus on other aspects of your business.


Overall, Bestar can be a valuable partner in registering your new Hong Kong company. We can provide the guidance, expertise, and support you need to ensure a smooth and successful registration process.



Contact Bestar today!

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