Why Register Hong Kong Company
There are many reasons why you might want to register a company in Hong Kong. Here are some of the most common reasons:
Tax benefits. Hong Kong has a low corporate tax rate of 16.5%, which is one of the lowest in the world. There are also no withholding taxes on dividends or interest payments.
Free trade zone. Hong Kong is a free trade zone, which means that there are no import or export duties. This can save you a lot of money on your business expenses.
Favorable business environment. Hong Kong has a very favorable business environment. The government is business-friendly and the legal system is transparent and efficient.
Gateway to China. Hong Kong is a gateway to mainland China, which is the world's largest consumer market. This makes Hong Kong an ideal location for businesses that want to access the Chinese market.
Of course, there are also some drawbacks to registering a company in Hong Kong. For example, the cost of living in Hong Kong is very high. However, the overall benefits of registering a company in Hong Kong often outweigh the drawbacks.
Here are some specific examples of how registering a Hong Kong company can be beneficial for businesses:
A company registered in Hong Kong can be used to conduct business in mainland China. This is because Hong Kong is a special administrative region of China and has its own legal system. This can be a great way to avoid some of the restrictions that apply to businesses operating in mainland China.
A company registered in Hong Kong can be used to raise capital from investors around the world. Hong Kong is a well-known financial center and there is a lot of investment interest in the city. This makes it an ideal place to raise capital for your business.
A company registered in Hong Kong can be used to protect your personal assets. If you register your business in Hong Kong, your personal assets will be protected from creditors in the event of bankruptcy. This can be a great way to protect your personal wealth.
If you are considering registering a company in Hong Kong, I recommend that you speak to an experienced lawyer or accountant to get more information about the specific benefits and drawbacks that apply to your business.
Hong Kong Company Registration
Here are the steps on how to register a company in Hong Kong:
1. Choose the type and name of company. You can choose from a company limited by shares, a company limited by guarantee, or a company unlimited. You will also need to choose a unique company name that is not already in use.
2. Prepare the necessary documents. You will need to prepare the following documents:
Incorporation Form (Form NNC1 or Form NNC1G)
Articles of Association
Notice to Business Registration Office (IRBR1)
Memorandum of Association (optional)
3. Pay the registration fees. The registration fees for a Hong Kong company are as follows:
HK$1,200 for the incorporation of a company limited by shares or a company limited by guarantee
HK$1,500 for the incorporation of a company unlimited
4. Submit the application. You can submit the application for company registration either electronically through the e-Registry or in hard copy form to the Companies Registry.
5. Receive the Certificate of Incorporation. Once the application is approved, you will receive the Certificate of Incorporation and the Business Registration Certificate.
Here are some additional things to keep in mind when registering a company in Hong Kong:
You must have at least one shareholder and one director.
The minimum share capital for a Hong Kong company is HK$1.
You must appoint a company secretary who is a resident of Hong Kong.
You must have a registered office in Hong Kong.
The cost of setting up a company in Hong Kong varies depending on the type of company and the services you use. However, the total cost is typically around HK$8,500.
How Bestar can Help
Bestar Malaysia is an associate of Bestar Group, a professional services firm that provides a wide range of services to businesses in Malaysia, Singapore, and Hong Kong. Bestar can help you with Hong Kong company registration by providing the following services:
Company registration: Bestar can help you register your company with the Companies Registry in Hong Kong. They will prepare all the necessary documents and file the application on your behalf.
Corporate secretarial services: Bestar can provide you with corporate secretarial services, such as maintaining your company's records, filing annual returns, and attending board meetings.
Tax advisory services: Bestar can provide you with tax advisory services, such as helping you to choose the right tax structure for your company and filing your tax returns.
Accounting services: Bestar can provide you with accounting services, such as preparing your financial statements and managing your accounts payable and receivable.
Business support services: Bestar can provide you with business support services, such as finding a registered office in Hong Kong and obtaining a business registration certificate.
Bestar can also help you with other aspects of setting up a business in Hong Kong, such as obtaining a business registration certificate and finding a registered office.
Here are some of the benefits of using Bestar for Hong Kong company registration:
Expertise: Bestar has a team of experienced consultant and accountants who are experts in Hong Kong company law.
Convenience: Bestar can handle the entire company registration process on your behalf, so you don't have to worry about the details.
Peace of mind: You can be confident that your company will be registered correctly and that you will be compliant with all the relevant laws and regulations.
If you are looking for a professional and reliable company to help you with Hong Kong company registration, contact Bestar.
Here are some additional reasons why you might want to use Bestar for Hong Kong company registration:
They are a local company: Bestar is a local company with a deep understanding of the Hong Kong market. This means that they can provide you with the best advice and support for your specific needs.
They have a proven track record: Bestar has a proven track record of helping businesses register in Hong Kong. They have helped hundreds of businesses to successfully register their companies and start their businesses in Hong Kong.
They are affordable: Bestar offers competitive pricing for their services. This means that you can get the help you need without breaking the bank.
If you are considering registering a company in Hong Kong, contact Bestar to discuss your specific needs. They will be able to provide you with a free consultation and help you to choose the right services for your business.