Hong Kong business registration procedures are relatively simple and fast compared with mainland China. Hong Kong’s appeal is threefold: it is a dynamic city with strong growth prospects; it is a gateway to opportunities in Mainland China; and it is a regional base for expansion across Asia.
General Procedure for Registering a Company in HK
Step 1:Choose the type of company that best suits your company's purposes.
Generally, there are two types of business entity by law:
(1) Company limited by shares - the liability of members is limited by the articles of association to the amount unpaid on the shares respectively held by them.
(2) Company limited by guarantee - no share capital and the liability of members is limited by the articles of association to the amount that the members respectively undertake to contribute to the assets of the company in the event of its being wound up.
Then, choose a name for the company. A company name that is the same as a name appearing in the index of company names kept by the Registrar of Companies (“the Registrar”) will be rejected.
Step 2: Deliver the following documents with the correct fees either electronically or in hard copy form.
(a) Incorporation Form. Form NNC1 (for company limited by shares) or Form NNC1G (for company not limited by shares);
(b) A copy of the company's articles of association; and
(c) A Notice to Business Registration Office (IRBR1).
Step 3: Collect the Certificate of Incorporation and Business Registration Certificate.
The Certificates will be issued by the Registry in electronic form for electronic applications and in hard copy form for applications delivered in hard copy form.
Difference Between Business Registration and Company Registration
Business registration and company registration in Hong Kong serve different purposes. They are regulated by different laws and registration systems administered by different government departments.
1. Business Registration Office
The Business Registration Office under the Inland Revenue Department administers the
Business Registration Ordinance (Chapter 310, Laws of Hong Kong). The Business Registration Office is responsible for registering businesses carried on by an individual, a partnership, a local limited company or a non-Hong Kong company.
2. Companies Registry
The Companies Registry administers and enforces the Companies Ordinance (Chapter 32, Laws of Hong Kong). The Companies Registry is responsible for providing services for the incorporation of local limited companies and the registration of companies incorporated outside Hong Kong which have established a place of business in Hong Kong.
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to firstname.lastname@example.org. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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