Planning For Your Hong Kong Company
When reading a company name you should have the customers in mind. The customer must read a title and know exactly what they are getting or deciding on. Without a great company name you could easily fail. A name is so important. Especially when the name has to be picked out for English and Chinese. There are so many different variations to make the name unique. A lot of thought should be put into it.
Directors & Shareholders
A few other things are needed to complete the order of your company. The address of at least one director and one shareholder is needed to be able to apply along with other requirements. If you have more than one of each that is ok. But, only one is needed to continue with the process. A copy of your passport that is in color and all of the directors and shareholders color copy of passports are needed as well. You will also need proof of residency to be considered. Also, including a brief summary of the business you are intending to build is required. And of course, you will need payment by wire transfer to be completed.
You should receive a confirmation in about a working day. Once the payment has been received the process can continue and the Hong Kong government can start the registration procedures. You can also send the original documents to Hong Kong, which will take one to five working days. After the documents have been reviewed and accepted procedures begin with Hong Kong government. The certificate of incorporation and the business registration certificate of your company will then be available in about five days.
Opening a Bank Account
You will then be able to open a bank account in another country. You just need to produce the documents of your company. The documents do need to be authenticated with the seal of the Court of Hong Kong, though. To do so, it is a process that can be handled for you, for another amount of money.
If you are going to have a company in Hong Kong but it has nothing to do with Hong Kong you can benefit even more. Let’s say you own a business in Hong Kong but you are selling items from China to America. That is not directly involving Hong Kong. Now, your income will not be taxed in Hong Kong. There are always different ways around everything to make sure you can make the most out of your business. Any business is subject to a tax of about 16% though.
To plan your Hong Kong Company you will need to review some things first. Of course, you need to come up with a name or names. You really want three different names for a Hong Kong limited company. It should be in English, Chinese, or both and should be named in the order you prefer it to be said. Coming up with the company name could easily be one of the hardest things for you. It should have meaning and bring some ease to customers.
Directors & Shareholders
A few other things are needed to complete the order of your company. The address of at least one director and one shareholder is needed to be able to apply along with other requirements. If you have more than one of each that is ok. But, only one is needed to continue with the process. A copy of your passport that is in color and all of the directors and shareholders color copy of passports are needed as well. You will also need proof of residency to be considered. Also, including a brief summary of the business you are intending to build is required. And of course, you will need payment by wire transfer to be completed.
You should receive a confirmation in about a working day. Once the payment has been received the process can continue and the Hong Kong government can start the registration procedures. You can also send the original documents to Hong Kong, which will take one to five working days. After the documents have been reviewed and accepted procedures begin with Hong Kong government. The certificate of incorporation and the business registration certificate of your company will then be available in about five days.
Opening a Bank Account
You will then be able to open a bank account in another country. You just need to produce the documents of your company. The documents do need to be authenticated with the seal of the Court of Hong Kong, though. To do so, it is a process that can be handled for you, for another amount of money.
If you are going to have a company in Hong Kong but it has nothing to do with Hong Kong you can benefit even more. Let’s say you own a business in Hong Kong but you are selling items from China to America. That is not directly involving Hong Kong. Now, your income will not be taxed in Hong Kong. There are always different ways around everything to make sure you can make the most out of your business. Any business is subject to a tax of about 16% though.
