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:
Verify Company Name: Check if your desired name is available and complies with naming regulations through the Companies Registry's website.
Choose Business Structure: Decide if you want a sole proprietorship, partnership, or limited liability company (LLC). LLCs offer personal liability protection.
Prepare Documents: Gather necessary documents like passports, proof of address, and proposed company details.
Select Registered Address: Secure a registered address in Hong Kong for legal and tax purposes.
Appoint Directors & Shareholders: Identify at least one director and shareholder (both can be you if running solo).
Draft Articles of Association: This document outlines the company's internal rules and governance.
Registration:
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.
Obtain Certificate of Incorporation (CI): Upon successful application, you'll receive the CI, officially registering your company.
Post-incorporation:
Business Registration Certificate (BRC): Register with the Inland Revenue Department (IRD) to obtain your BRC for tax purposes.
Open Bank Account: Open a corporate bank account for your business transactions.
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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