Limited Company (by guarantee): Warranty customers On this company established-up usually are not shareholders creating expense. Rather, they conform to lead a predetermined sum to cover the company’s liabilities In the event the company closes.

A sole proprietorship is easily the most easy enterprise structure in Hong Kong, involving only one proprietor who manages all fiscal tasks, together with gains and losses. Transferring ownership is so simple as promoting the organization property.

The brand new Providers Ordinance simplifies the manner of execution of files by corporations. The trying to keep and utilization of typical seal is now optional.

It is advisable to decide on a trusted person or an expert providers agency since the DR to be sure compliance with reporting obligations.

You may register your company having an English or Chinese identify, but it really cannot be a mixture of equally. If you decide on an English title, it need to stop with "Constrained" as an alternative to "Ltd." If you find equivalent names to yours, contemplate adding extensions like "Asia Pacific" or "HK" to make it one of a kind.

The next vital action is deciding on your company's legal composition, that may effects a variety of aspects for instance tax submitting and small business functions. In Hong Kong, the major authorized entities from which to choose consist of:

Unlimited Liability: Companions share joint legal responsibility for just about any debts and steps taken by the partnership.

When the founder member who signals the incorporation kind is usually a director, he/she must indicator the "Consent to Work as Director" in the form. Other administrators can possibly indication the Consent assertion in the shape or provide Sort NNC3 "Consent to Act as First Director" not afterwards than 15 times following the date of incorporation of the company (“the prescribed time frame”) for registration.

Immediately after securing a company license for your personal sole proprietorship, another step will probably be to open a business bank account. This step may also be pretty straightforward, as There exists a big selection of banking institutions inside Hong Kong which you can Pick from.

Furthermore, The brand new need for organizations to confirm and preserve up-to-day information on useful possession by way of trying to keep a Significant Controllers Register was carried out on the exact same working day.

Do you think you're a foreign entrepreneur searching to determine a company in Hong Kong? In the present world-wide economic system, this bustling city is among the major possibilities for organization expansion and international trade.

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It aims to help Hong Kong-based mostly SMEs in acquiring financing for their advancement. Below this scheme, SMEs can acquire ensures of as much as 80% on loans obtained from economic establishments.

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