Currently, several entrepreneurs plan to create a company and build a good business reputation in Hong Kong. If you are one of those interested entrepreneurs, you need to make sure that you are well equipped with the right information and support regarding registering a business in Hong Kong. One of the most important things that any entrepreneur must go through is registering a company in Hong Kong and formal business operations. ACRA or the Office of Accounting and Corporate Regulation is responsible for promoting the development of a new business in Hong Kong.
Creating a new international business in Hong Kong offers many benefits.
The fact is that under the jurisdiction of the Hong Kong government, the global company receives desirable tax benefits. At the same time, the Hong Kong government’s immigration policy is quite liberal and welcomes foreign talent to the country. Also, there are various incentives for companies registered in Hong Kong for their local growth and expansion abroad.
If an entrepreneur is interested in running an international business, the best option available as a private limited company is to create a company in Hong Kong. This is one of the best effective tax treaties you can have. If you can meet the minimum legal requirements, you can easily create a Hong Kong company as a foreign company or even as a foreign citizen. These legal requirements include the local company secretary, registered address, and local director. Having fulfilled all these requirements, you can easily register a company in Hong Kong and quickly move to Hong Kong with a change of employment visa hong kong after registering your company in Hong Kong.
Nevertheless, the registration of a Hong Kong company for the branch is carried out under the direction of ACRA, which considers this as a simple application of a foreign company. However, some specific guidelines and rules must always be followed in this regard. One of the most common is discussed below. In this regard, certain aspects, such as the name of the company, must be approved by ACRA before the Hong Kong company can join. It is also essential to have at least one corporate or individual shareholder. However, the director and the shareholder may be the same person or another person. In addition to a private Hong Kong limited company, you must have at least one director who is a resident of Hong Kong, and also requires a secretary to the company incorporation hk, who is also a resident of Hong Kong.
At the end
It’s important to know that the central office should be responsible for any branch’s actions, and the department cannot claim Hong Kong tax benefits. In addition, the name of the branch must also match, or at least match the name of the overseas office, and ACRA must approve the name before registering the Hong Kong company. However, it is not so difficult to have a Hong Kong company that supports all the necessary regulations and requirements.