Updated on October 2018
Are you aware that Hong Kong is the best country to start your offshore business or expand? Know this now! During the past decade, Hong Kong has experienced an exponential growth in infrastructural development, technology, real estate and businesses.
It is, therefore, not surprising that half of the entrepreneurs in the world have business structures in Hong Kong. Having a business structure in Hong Kong is a sure way to launch your new business or expand an already existing one.
Setting up your business in Hong Kong makes sense in many ways.
Starting or expanding your business in other countries opens up new opportunities to compete with others who are already making names in the industry.
An offshore company in Hong Kong guarantees that you have an excellent long-term investment. It allows you enjoy a sense of freedom that is unavailable when you choose to invest in most other countries. Having freedom when you do business will certainly boost your productivity.
It is understandable if words like business taxation, registration, auditing, compliance laws and other technical commercial jargons that you get to hear when trying to set up a company in a foreign country give you the chills.
You should not worry too much about this when planning to establish your business in Hong Kong. There are a few reliable and professional agencies that can help you manage the complexities involved in setting up your company in Hong Kong.
Our experience (14 years in Hong Kong) and our Swiss Management is a plus for your business setup.
As mentioned above, establishing your business in Hong Kong is relatively simple. It is advisable that you apply to get your business registration certificate and company incorporation certificate together.
You must also submit the following documents with your application: form of incorporation (form NNC1 for limited company); a copy of your company statutes; and a formal application to the Registrar of Companies (IRBR1)
If you send down your application in hard copy, you should expect to get your business registration certificate and incorporation certificate within 4 working days.
But paperwork must be perfectly filled…So, let us help you. Setting up an offshore business in Hong Kong is best done by hiring a firm that specializes on rendering services to foreign companies doing business in Hong Kong. These agencies make launching or expanding your business in Hong Kong so much easier.
It may cost you a little bit higher than doing it yourself but at least you have the peace of mind, allowing you to concentrate on growing your business. We can help you handle your offshore business formation from start to finish.
Furthermore, for smooth operation of your new business, you will need to write a business plan. The business plan may not necessarily be too detailed, but you certainly have to have a guide for your new company (the services you want to offer, your scale of operation etc). Again, we can help you prepare it if you do not have previous experience.
Also, we can be very useful to open your bank account. Compliance is getting harder and you will NOT be able to apply again if your FIRST application is refused
Doing business has never been easier, and getting an offshore establishment and a corporate bank account in Hong Kong can make it easier for you to pursue your business and expand more easily in the future.