Hong Kong has always been a businessman’s city. The commercial climate in Hong Kong is easily perceivable when you assess its status in international trade. You can select any major currency to set the share capital, including USD, EUR, and RMB. The proximity to China and the open business climate for international exchanges make it a key node in the global trade map.
Adapt to a Strong Business Climate
The city administration makes it extremely easy to arrange a company in Hong Kong. Most of the new entities registered here are limited companies. Such a company is entitled to several benefits, such as tax savings and limited liability protection. You would also need the services of a local agency that can make sure that you have the proper liaison with the authorities in Hong Kong. Employing a native secretary is a key requisite ofthe formation of company in Hong Kong.
Benefits of a Licensed HK Service
Besides the secretary services, you can also benefit from receiving a registered local address for your company. All limited companies must have a registered address in the city, besides having at least one individual director. Any new company must have at least one director and one shareholder, and in this basic structure, an individual should be the director. However, a company entity can also serve as the director of the Hong Kong enterprise. However, it is not mandated to be a HK citizen to be the director. Anyone from any nationality can serve in this position.
Just like the director does not have to be an individual, the secretary’s duties can be handled by a licensed service. To start your business in Hong Kong, the best way to approach it is to select a licensed company formation service. The right service stays with you from the start, whether you need help with choosing the name or need assistance with the paperwork. The process typically starts with selecting a name in English or traditional Chinese, one that is at par with the regulations in Hong Kong. With an intuitive online system, you can easily find out whether the name you want is ideal for your new business operations.
