How do I form a company in Hong Kong?
Forming a company in Hong Kong can be a daunting task, especially for foreigners that are expanding their businesses to Asia for the first time. With the language barrier, and a whole new jurisdiction, incorporating a new business entity can be difficult however, our team of experts at the Worldwide Fellow are here for you.
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Selecting your Hong Kong Company
It is of the utmost importance that you understand and select the best structure of a Hong Kong entity that would help you achieve your business goals. The most common entity type that foreign businessmen and entrepreneurs select would be the Limited Liability Company in Hong Kong as that provides a various number of benefits especially in terms of taxes.
Incorporating your Hong Kong Company
Then, our team will assist you in preparing the relevant documents needed for the incorporation, such as the articles of incorporation, business plan, etc. Concurrently, we will help you check within the local registrar and reserve your preferred company name to confirm its availability. Once everything is set, we will submit it to the relevant authorities for you. Throughout the incorporation process, travelling to Hong Kong is not required.
Turnaround time after receiving the documents, can take anywhere within 3 days to 1 week. Upon your company being registered, we will notify you through email and send you the documents such as the Certificate of Incorporation to your registered email address. Subsequently, we will courier these documents to you at your preferred address for your safekeeping.
Opening your Hong Kong Corporate Bank Account
After the successful incorporation, our consultants will proceed to assist you in opening a corporate bank account. It is mandatory for a Hong Kong company to have a corporate bank account before it starts its business operations. We can help you open an account through our business relationships with world-class banks and financial institutions in different jurisdictions. Travelling is optional depending on the institution you are opening the account at.
Typically, a corporate bank account can be opened within 2 – 4 weeks, at the bank’s discretion. Once the corporate account has been granted and set up, your company can be up and running, ready to expand its global reach and success.
Do contact us here and we will gladly assist you opening your Hong Kong company today!
