Hong Kong is an investors’ paradise, a tested and proven business hub that you can look to for assurance of one thing: firing your enterprise to success.

The term success in this context means growing your business from a small brand into a profitable and respected global company. To achieve this success, you need to make the most important step, company incorporation in Hong Kong. Here is a comprehensive guide to company incorporation in Hong Kong.

Basic Requirements for Company Incorporation in Hong Kong

Company registration in Hong Kong is guided by the Companies Ordinance, which describes the types of companies you can create, the required documents, and the steps to follow.

Here are a number of facts and key requirements that you need to know when registering a business in Hong Kong.

• Company Name: Before you can start the process of registering a company in Hong Kong, the company name must be approved. So, start by doing name search and have it reserved for your brand to avoid conflict of interest.

• Directors: According to the Companies Ordinance, a company incorporated in Hong Kong must have a minimum of one and an unlimited number of directors. A director is required to be a person who is above 18 years, and can be of any nationality. Note that directors do not need to be Hong Kong residents.

• Shareholders: When it comes to shareholders, a Hong Kong private limited liability company can have a minimum of one and a maximum of 50. Also, 100% foreign shareholding is allowed.

• Registered Address: In order to register a business in Hong Kong, you are required to have a Hong Kong address, which should serve as the physical address of the business.

• Company Secretary: This is one of the most important requirements when opening a company in Hong Kong. The company secretary is a senior official who acts as the bridge between the business and the government. Some of the company secretary's duties include keeping the company’s statutory books and advising the board of directors to ensure the decisions they make are in line with Hong Kong laws.

How to Setup a Company in Hong Kong

To incorporate a company in Hong Kong, you need to prepare the right documents, and submit them to the Companies Registry in Hong Kong. Here are the documents that you need to prepare:

• A copy of the Company’s Articles of Association.

• A duly filled form capturing the following details

1. Name of the company.

2. Registered address.

3. Description of the company’s activities.

4. Details of the shareholders, directors, and company secretary.

5. Members’ liability.

6. Share capital.

7. Number of shares that are taken by subscribers.

Why You Should Work with Professionals

The Hong Kong administration has put a lot of effort into simplifying the process of company incorporation in Hong Kong. However, it is still lengthy, and the documents to be prepared are many. The best method of completing the process of company incorporation in Hong Kong correctly and faster is working with professionals.

Experts will help you to understand the process, hold your hand when setting up the business, and even act as your company secretary. Click here to reach our experts in company incorporation on Hong Kong for help.