The first prerequisite for setting up a business in Hong Kong and anywhere else for that matter is getting your company registered under law. This is one area that we specialize in at Jumpstart and many companies have successfully been registered with our assistance. Registering a company in Hong Kong is not easy and can become very stressful and frustrating at times. It is therefore fortunate that we are already on the ground getting involved in not only providing clients with superb serviced office accommodation and virtual office services but also in providing assistance in registering new firms.
Entering the country and choosing a business name
But to be honest with new business aspirants in Hong Kong, it would be prudent to sound and note of caution. There is more involved in setting up a business in Hong Kong that just merely going up to government entity concerned and registering your company and that’s it! First you have to enter the country and for that you need to fill in an application form. After that, you have to choose a name for your company and though simple to do, it is just as vital as deciding on what the legal entity of your business should be, not forgetting the name’s recognition value.
The business entity comes next
So many business entities are available for selecting in Hong Kong and you need to be clear in your own mind what kind of business entity you prefer. This means you need to know literally everything about the other types of entities available so you can make the most appropriate informed decision on the legal entity you’d like to have for your business. There’s the limited company entity, the branch or subsidiary, sole proprietorships and partnerships. From here the new business owner would need to attend to actually registering his company, banking arrangements, tax and so on.
Its costs time and money to set it up
The pertinent point to drive home here is that the act of registering a company in Hong Kong is not as simple as one may think. It does involve a lot of time, strenuous effort and money. You must definitely have a business plan in place, sure guidelines but even if manage to obtain standard local support it won’t solve your problems. What you need is seasoned, well tested and proven methods carried out by a professional entity like Jumpstart. We offer the best expert advice there is in town as well as in other parts of Asia.
We can offer expert advice on how to register your company quickly and efficiently in Hong Kong. Ring us now on +852 2961 4899 and permit us to help you the best way we can.