Hong Kong Company Formation

Keeping of Significant Controllers Register The Companies (Amendment) Ordinance 2018 ("the Amendment Ordinance") introduces new requirements on the keeping of significant controllers registers by companies. The Amendment Ordinance has commenced operation on 1 March 2018 . To enhance the transparency of corporate beneficial ownership in order to fulfill Hong Kong’s international obligations, the Companies Ordinance (Cap. 622) is amended to require a company incorporated in Hong Kong to obtain and maintain up-to-date beneficial ownership information by way of keeping a Significant Controllers Register. The Register should be open for inspection by law enforcement officers upon demand. Comprehensive information on the Amendment Ordinance, including Frequently Asked Questions, External Circular and Guideline issued by the Companies Registry on the new requirements, are available at this thematic section. Under the Companies (Amendment) Ordinance 201...

They Play Different Roles Company registration, business registration and trademark registration in Hong Kong serve different purposes. They are regulated by different laws and registration systems administered by different government departments. Companies Registry The Companies Registry administers and enforces the Companies Ordinance (Chapter 622, Laws of Hong Kong). The Companies Registry is responsible for providing services for the incorporation of local limited companies and the registration of non-Hong Kong companies which were incorporated outside Hong Kong and have established a place of business in Hong Kong. Business Registration Office The Business Registration Office under the Inland Revenue Department administers the Business Registration Ordinance (Chapter 310, Laws of Hong Kong). The Business Registration Office is responsible for registering businesses carried on by an individual, a partnership, a local limited company or a non-Hong Kong co...

The Business Registration Ordinance requires every person who carries on a business in Hong Kong to apply for business registration within 1 month from the date of commencement of the business and to display a valid Business Registration Certificate at the place of business. If the registered particulars of the business have changed, the business operator has to notify the IRD in writing within 1 month of the change. In order to operate a company in Hong Kong, you need to meet several complicated criteria. For starters, you're required by law to have a local resident company secretary. You also need a local registered address and maintain an auditor. In this light, it's clear that you need a company secretary in Hong Kong, but how does this service benefit you in other ways? Ways that go beyond merely complying with the law. Renewal of Business Registration For registered business, a business registration renewal demand note will be sent by the Business ...

Hong Kong Company Incorporation : | Hong Kong is known to be one of the most favorable global locations, which is located in the heart of Asia. The place has a thriving business environment with a large population and a great GDP per capita. Moreover, Hong Kong has a stable economy and has a vital role to play in the key areas of business for entrepreneurs from different fields. Read on further to find out the main reason to know why it is useful to hire Hong Kong formation services for establishing ones’ business in this invaluable jurisdiction. Favorable business Location People from across the globe are taking an interest in Asia; and Hong Kong, is located in the heart of the continent, is one of the best choices. One can reach out to the key markets of Asia from Hong Kong with an hour-long flight. Hong Kong also plays a vital part in providing access to the Chinese market. The largest manufacturing region, present in the Pearl River Delta is just about a one-hour drive fro...