Set up an Offshore Company in Hong Kong – A Brief Introduction

 

Setting up an offshore company in Hong Kong can be beneficial for business people looking to take their business to another level. The reasons why this option is attractive to many people include the following: the tax benefits that can be accrued, the ease and quick application process, and the establishment of a corporate shield from the laws of the home. Moreover, offshore company registration in Hong Kong also offers some other highly sought-after benefits. These include investment and capital gains immunity and the ability to run a business without being limited by the jurisdiction he or it operates.

To setup offshore company in Hong Kong, several procedures need to be followed. the appointment of the Company Secretary and officers, the submission of the Articles of Association, and the deposit of the necessary fees. The latter includes the payment of the annual registration fee and the request of the tax payment forms. It is important to note that all these formalities should be undertaken in compliance with the rules and regulations of the Hong Kong authorities.

Another advantage offered by offshore company formation in Hong Kong is that it allows for a convenient, hassle-free transfer of finances. It is handy for those working in the banking sector in Hong Kong or those who have offices there. By incorporating the offshore company, a person’s assets will be protected from the jurisdiction where he or she may reside. Thus, clients can pay taxes in the country where they may be domiciled. The company secretary is always on hand to help with the necessary paperwork.

There is also a simplified tax system that individuals and companies can use. Transactions between them can be facilitated without needing any assistance from a tax consultant. Additionally, a business can save on the expense incurred by using courier services or hiring a personal driver. There are no restrictions on the number of employees a person can have. Registration of a business also costs less than that of a sole proprietorship.

There are several benefits to utilizing offshore company formation in Hong Kong. It is also preferred by those wishing to establish a joint venture or an LLC in the Chinese legal system. It makes it easier for foreigners to become members of the company and does not necessitate them to disclose their ownership until it has been established. It also makes it easier for business people to conduct their trade without dealing with their respective countries’ legal systems. Besides, registering a company in Hong Kong does not require an individual to renounce his citizenship, which may have repercussions on his property rights in his home country.

However, it should be noted that establishing an offshore company in Hong Kong is not free of disadvantages. Those wishing to incorporate a company will need to comply with the laws of the Chinese government, including the requirement of obtaining a business license. The process is relatively simple but can be time-consuming depending on the number of requirements needed for the application. Additionally, the company will be required to submit information on its directors, shareholders, and record of assets and liabilities. The company will also be required to register with the customs and pass all related inspections.

Individuals may also choose to establish an offshore company through the use of a service provider. This service will provide the necessary services that would otherwise be taken care of by the individual himself. A service provider can also act as a liaison between the individual entrepreneur and the Chinese authorities. The service provider may also handle the paperwork and licensing processes and help ensure that the company’s registration is done correctly.

Whether the individual plan to establish an offshore company in Hong Kong as a sole trader or as a part of a more significant business, the process is much the same. The paperwork and legal requirements are generally minimal. However, the need for a business license is higher in the initial stages of setting up the company because the company will be functioning outside of the jurisdiction of its home country. For those who want to protect their investment, registration of the company with the Companies’ Registry is recommended.

Online Study Courses – The Benefits of a Home Study Course Via the Internet

Studying online has never been so easy and there are a whole host of online study courses and classes available, but just what are the benefits of studying in this manner and can just anyone take up a course and begin learning some new skills?

Well, yes, online courses are pretty much suited to anyone who has access to a computer and an internet connection. The format means that these two things are really the only things you need before you can get started.

So, what are some of the benefits of studying this way?

1. Study what you want to – Perhaps you remember your school days (or perhaps you prefer not to) when, barring one or two exceptions you had to study what you were baankwamru told to. I personally remember the days of dreading certain subjects that I had very little interest in and had no plans to pursue them later in life but having to go through the motions anyway. One of the fantastic things about online study or home study is that you get to pick the subject! Choosing a subject you love or something you are really interested in is really all the motivation you need to enjoy your studies.

2. Study when you want to – If you didn’t hand in your homework on time, you found yourself in all sorts of trouble, extra work, detention etc. The beauty of an online course is that in general, there are no deadlines. The courses are designed with the hurly burly lifestyle most people lead in mind. Full time jobs and busy family lives often leave very little time for anything else. So, being able to study at your own pace, whenever you might have a spare few minutes or a spare hour really takes all the stress and pressure away from studying and makes for a much more enjoyable experience.

3. Learning new skills – It doesn’t really matter how old you are, the hunger for learning is often still there. However, the older you get, the fewer opportunities there seem to be to further skills that you didn’t have a chance to when you were younger. When studying online courses there is no such restriction and you can, if you wish, go on developing new skills right into your old age.

 

Tips for Setting Up a Business in HK

 

There are several benefits of business formation in Hong Kong. Companies can be set up to comply with local regulations and rules. The process is simple and easy and does not require the intervention of any government official.

Companies can also share their profits with all the associates through setting up a business in HK. The company directors decide to decide the amount that will be shared. Thus, every associate will have a part of the profits when the business is operated. Business formation in Hong Kong will not cost much. There are no special requirements for starting a business, and its registration process can be done at the local office of the secretary of the office.

The partners can manage the company. However, it depends on the choice of the partners. Many banks and other financial institutions in Hong Kong offer business lines, and it is easy to choose a suitable partner. The bank can give support and guidance in managing the business. Still, they are the final authority, and the company has to follow the local government’s rules and regulations.

The partnership can also expand to include a management and administration staff. It will attract more partners for the company. It also extends the opportunities to earn profits. The income can be shared equally between all the associates.

The location of the business should be strategically important. It should not be too expensive for the customers. It should be within reach of the potential customers. It should be convenient, and it should be accessible to all.

It is better to choose a local business that has a strong local market presence. It will ensure that it will be profitable. The company should be able to compete with other local firms in the same field. The competition should be fair so that each firm can maintain a good level of service.

The company should choose the services that it needs very carefully. It will attract more clients if it offers good services. The company should be ready to provide any help when required. It should have the capacity to expand its services. The setting up of a business in Hong Kong can be stress-free if the correct decisions are made.

It is also essential to choose a company that will not burden the clients. There should not be extra charges for the services. Additional charges will only make it difficult for the clients. It will be unprofitable for the company.

It is also essential to choose a business that can be easily accessible. The local transport system is efficient and reliable. The company should be able to operate efficiently even in a congested environment. The internet is fast and reliable. It is essential to choose a business that uses these modern means to run business successfully.

The employees who will work for the company should be adequately trained. It will ensure their quality of work. The quality of the output should also be high. It is essential to choose people who are dedicated to their work.

Finally, it will be necessary to set aside funds to start a business. If a certain amount of money is set aside, it can purchase equipment or materials needed. A bank loan can be used for this purpose. The bank will give the borrower a period to repay the loan.

 

 

 

 

 

setting up a business in HK

https://www.onlinecompanyregister.com/hk-company-law/members-right-to-inspect-company-financial-statements-after-open-company-in-hk

 

 

Benefits of Company Registration in Hong Kong

 

If you are considering establishing a new company in Hong Kong, you may be wondering about the advantages of foreign company registration in Hong Kong. First and foremost, a foreign company can increase its corporate strength by having access to talented professionals from foreign countries. Second, by setting up a foreign company in Hong Kong, it is easier for your company to enjoy tax benefits. Third, establishing a foreign company in Hong Kong can help you develop subsidiary units in many foreign countries.

There are some main benefits of foreign company registration in Hong Kong that have attracted many domestic and foreign investors. A foreign subsidiary is virtually established in the same way as its parent company. A branch office exists in Hong Kong, and the Companies Registry supervises its work. It is also an extension of the parent company and is thus one of the most popular business structures for foreign entrepreneurs.

The benefits of company formation in Hong Kong for the parent company are no different from other foreign countries. It has the same registration and corporate documents as applied for in your country. Besides, it must comply with the basic corporate compliance requirements as those required in your country. Third, foreign companies need to register with the Companies Registry and pay the appropriate annual registration fees.

On the other hand, foreign companies have some specific benefits that you cannot enjoy because of having a branch office in Hong Kong. The main one is the need for office space because the primary business operations are usually carried out at the parent company’s location. Besides, it has specific requirements such as a legal language and a workplace that meet your industry’s needs. You will also be required to submit annual reports to the parent company and complete other administrative requirements.

Furthermore, a branch office has its personnel, with a limited number of employees. It means that you will have to hire an efficient staff for the Hong Kong operation, and thus the expenses related to employing them will be higher than for a traditional company with branch offices. The cost of operating a branch office will be higher if you require high-level skills compared to an employee hired strictly for administrative purposes.

A branch office needs to comply with the requirements for a business presence, such as: obtaining a business license, registration of company affairs, paying the income tax, paying social security, and maintaining its books. To operate in Hong Kong as a foreign company, you will need a representative office. It is the person who will be handling most of the correspondence between the parent company and the employees of the local subsidiary. The representative office will also be responsible for posts with government agencies, the Hong Kong Stock Exchange, the Reserve Bank of Hong Kong, the Commodity Futures Trading Commission, the Hong Kong Customs and Excise Department the Bank of China.

The benefits of establishing a business presence in Hong Kong through a branch office are the following: it will ensure easy interaction between you and the expatriate staff, maximize the use of resources of your parent company, provide you with a more professional image, attract potential investors, simplify administrative procedures, and create a more uniform corporate identity. You can expect better access to the latest technological advances, including computers and Internet applications, and better access to information and technology. Additionally, establishing a branch office in Hong Kong will facilitate your employees’ acquisition of skills and knowledge.

When you establish a business presence in Hong Kong through a branch office, you will need to comply with specific requirements. First, you must make sure that the firm has obtained the office of the Secretary of State’s consent for its establishment. You must also ensure that it has adhered to all the requirements set out by the Office of the Chief Executive, including the condition that it has a permanent address. Besides, you must make sure that the branch office can function independently from its parent company. Lastly, all foreign companies require you to comply with the Basic Employment Law, which states that employees of a company are only employees if they have been hired through their employer’s legitimate and voluntary agreement and have received their employer’s consent.

 

 

 

 

 

 

foreign company registration in Hong Kong

https://www.onlinecompanyregister.com/hk-company-law/director-s-duty-of-care-skill-and-diligence-in-hong-kong-business-formation

 

 

Top Online Slots – 3 Slot Games Worth Playing

In case you’re hoping to play the most blazing space games on the web, there are three of the world’s greatest marked games that are unquestionably worth your time and cash. We’re alluding to the Irish “Rainbow Riches”, the well known Zuma Slot and the online sensation “Syndication Pass “GO” space game. These fun and engaging games offer players a great deal of rewards mixes, phenomenal rewards, Jackpots and moment wins. How about we have a more intensive glance at these games…

Rainbow Riches Slot

The clench hand game we will discuss is Rainbow Riches, a lucrative 20 compensation line gambling machine which highlights three extraordinary extra adjusts that can truly support your bankroll. This mainstream opening game can be played for just 1p per turn or up to £400 for a novel opportunity to win a monstrous £200,000 on a solitary twist. joker

At the point when you get at any rate three Leprechaun images on the reels, you will actuate the Road to Riches Bonus round. This reward round will duplicate your bet when you land on gather as you climb the path with each twist.

There’s additionally a moment reward that it’s actuated via landing three Wishing Bonus images on the reels. You can pick one of the Wishing Bonus images to uncover how much your bet will be increased by.

What’s more, if that wasn’t sufficient, there’s the Pots of Gold Bonus round that you can initiate when you land three images of Pots of Gold in the center three reels. Select one of the fortunate pots to duplicate your bet and money out your rewards.

Zuma Slot

The Zuma Slot is another extremely well known game that you should attempt. This game depends on the notable Popcap game and you’ll be satisfied to realize that you can win up to £500,000 – no joke! You can play this phenomenal space game for simply 1p and find awesome prizes and covered up sanctuaries for some genuine rewards.

One of the extraordinary highlights of the Zuma space is the free twists reward round which you will get by getting in any event at least three Frog Scatter Symbols on the noticeable reels. This will enact the Zuma Free Spin Bonus, select your fortunate Tiki Boss to fire developing all the more free twists and gather more rewards. There is additionally the alternative to bet your rewards on the Gamble Reels and duplicate your stakes for an additional success.

Another fortunate image to search for is the Zuma Wild Bonus. This image can duplicate your bet up to multiple times the first sum on the off chance that you assemble a triumphant line utilizing the Wild Symbol. In any case, that is not all, the Wild Symbol will likewise increase every one of your triumphant lines on the off chance that you fabricate more than one compensation line utilizing this image, allowing you to gather more rewards.

Syndication Slot

To wrap things up is the online sensation Monopoly Slot game. In light of the renowned family tabletop game we as a whole know, this online adaptation comes stacked with high payouts and a colossal measure of extra adjusts.

This profoundly intuitive space game can be played for simply 2p per line and each time you Pass “GO” you will see your stake duplicate. At whatever point you get three Bonus Dice images on any triumphant compensation line, you will roll the Dice to climb on the Monopoly board and begin gathering rewards as you move along.

On the off chance that you land in any event three Instant Bonus images on the reels you will get a Community Chest Instant Bonus for an opportunity to duplicate your stake. Select one of the Instant extra livelinesss to uncover how much your bet will expanded and cash out no doubt.

Regardless of whether you are an easygoing player or big time allotment devotee, these three space games are ensured to furnish you with long periods of amusement and alluring rewards. Rainbow Riches, Zuma opening and Monopoly space are three extraordinary decisions for any wallet size, since you can join the fun and get an opportunity to win gigantic monetary rewards in any event, while wagering little. Make sure to look at these games on the web and join the good times.

Top Gambling Payouts Can Be Life Changing

Club, the wizardry for those ones longing for making some speedy bucks by some coincidence, are a fury across the world; these top betting payouts can possibly change life for the individuals who are sufficiently fortunate to be fortunate! Conventional betting areas, like a splendid and brilliant Casino, is absolutely spectacular, yet web based betting is quick getting with the coming of the Internet.

Top betting payouts, which are fairly extremely appealing, keep on attracting individuals to evaluate their karma against chances to become famous. A higher level of payouts is the regular draw. Gambling clubs that promote their machines having 95% or even 99% payout rate are, indeed, coming clean. Notwithstanding, this reality is spread over a period that is quite long, the lifetime of the gambling machines! Accordingly a normal player may not play for the machine’s lifetime. It doesn’t ensure that a player wins 99% of the time they drop the cash and pull the switch. mafireit

Online Top Gambling Payouts:

The above marvel is pertinent to the web gaming world as well, with easy to complex programming programs administering the odds of players lucking out. The most expertly run internet betting destinations have their outcomes or payouts inspected routinely and are distributed. This gives card sharks the decision and better arrangement where to try different things with their cash. Online club, similar to the ordinary ones, additionally carry out numerous techniques to draw in the most extreme number of punters or speculators. Subsequently they can likewise give out huge payouts and keep the payout rates high! There is steady rivalry between internet betting locales to pull in the most noteworthy number by offering the most appealing payout rates.

The Slot Machine:

The reformist gambling machine, which indeed ends up enormous, life changing, bonanzas, are supported by many. The reformist gambling machine big stakes are difficult to stand up to. Their sorts are clarified momentarily underneath:

Independent Machine: These are singular machines not associated with different machines or organization. Their big stake is ordinarily fixed as a level of the cash that goes into them. In House Progressive Machines: This comprises more than one machine arranged in a solitary club. The pay is more, so the payout is bigger.

Huge Area Progressive Machine: This framework is the large daddy, making moguls out of strict beggar! They establish numerous machines connected, yet are spread over numerous gambling clubs over wide topographical and surprisingly public region. Typically one administrator controls all machines in various areas. Along these lines big stakes are a level of the collected abundance, all things considered!

Video Slots Versus Reel Slots

Reel spaces have been the customary fortress on gambling club floors, that is, until the appearance of the further developed and engaging video openings. While a conventional reel gambling machine turns rapidly for the cash they take, a video gaming machine turns more, hence expanding the energy remainder. Likewise, extra twists are not charged. The top betting payouts are higher because of the greater pay they produce. These have now become an anger with players. Be that as it may, a couple of perfectionists actually demand playing in the conventional reel gaming machines.

Some Industry Leaders:

The Casino Rewards Group and Fortune Lounge Group are industry pioneers. Between them, they go around 30 internet betting/gaming locales. Their span is restricted distinctly to the Internet. Likewise, the adaptability of language and cash utilized for the games are extraordinary fascination at territorial levels. Their top betting payouts are difficult to coordinate!

Multi-Player Slots – Why They Look Set for Huge Growth!

Spaces are energizing and fun, yet are a lone playing experience. A considerable lot of us like to play with different players and this is the place where multi-player spaces can improve your internet playing experience. Web based gaming organizations like Riverbelle Casino

have acquainted an assortment of games with permit players to play with others as opposed to all alone. This is appealing for some players and there are multi-player opening games to suit all preferences. You can essentially play close by different players, (multi-player standard spaces); join an online local area, (multi-player jokerpremium

local area spaces), where players help each other success a reward just as individual bonanzas. At long last, players can rival others in a champ brings home all the glory situation, (multi-player pot openings), where there must be one victor of the big stake.

The games and their benefits are illustrated beneath:

Multi-Player Standard Slots

Multi-Player Standard Slots is a worldwide Slot Bank game where Players play with others on the web. This game will engage the individuals who simply need to share the experience of playing spaces on line with their companions, or make new ones on the web.

Multi-Player Community Slots

Local area Slots is a game where players partake in a space Community. These openings have customary and local area payouts. Local area payouts will be payouts for local area winning image blends. On the off chance that a Player has a local area winning image mix on the compensation line, all Players in the Slot Bank that have put down a bet on the triumphant twist are paid the local area payout. This is notwithstanding on the off chance that they have won or not. This implies that you can bring in cash for others and they can bring in cash for you.

Multi-Player Pot Slots

Playing Multi-Player Pot Slots has the contrary point of local area spaces in that you are making an effort not to help different players, you are going up against them in a champ brings home all the glory situation. Pot spaces are games where players play against one another for a focal pot. A Pot Slot is characterized as the sum your bet added to a typical pot of the relative multitude of players’ bets, less the assistance expense. Toward the finish of the twist, the Player with the most elevated focuses wins the pot. There must be one victor and this game will draw in the individuals who like to contend straightforwardly with different players.

Club, for example, Riverbelle are taking a gander at the achievement of online poker and seeing multi-player openings as a game that will draw in a comparative kind of player. Numerous players are agreeable and like connecting with others and these games permit them to do precisely that. Maybe the game with the greatest development potential is pot spaces. The explanation is that it permits you to vie for a big stake, yet dissimilar to ordinary openings, you realize that there must be a victor inside a predefined time. This makes it an energizing, serious and fun game to play.

Company Formation in Hong Kong – A Brief Overview

 

Business people are always on the lookout for better options for setting up a business in Hong Kong. The economic development in China has created favourable conditions for foreign companies to open their operations here. Companies worldwide are looking at Hong Kong as one of the most viable options for setting up an office and developing a profitable business. But what are the benefits of company formation in Hong Kong? The following discussion briefly covers some of these benefits.

One of the benefits of setting up a business in HK is that you do not have to pay any form of income tax on your profits. You must pay corporate taxes at the end of the year. The tax amount depends on the tax rate in your country. Corporate tax in many countries also has got varying rates. So, it is best to do a bit of research on various countries’ taxation policies before you set up your business in Hong Kong.

You will also be able to save a lot of tax obligations by having a Limited Liability Company. Under such a system, your business is separated into different subsidiary units. All the dealings of your business are through the subsidiary units. The tax liabilities are, therefore, reduced to a large extent.

Another benefit of company formation in Hong Kong is that you can benefit from lower labour costs. When you set up a business in a foreign country, you must bear the costs of employees. You will have to pay for their training, and they also have to manage their working environment. But when you set up a business in Hong Kong, you won’t have to bear any of these expenses.

You will also have reduced costs in terms of purchasing the necessary equipment for your business. When you operate a business in another country, you must spend a lot on buying business equipment. Such expenses include purchasing office supplies, computers, and other software. With the help of a company formation in Hong Kong, you can get a low rate on such purchases.

You can also save a lot of money when it comes to taxes. You can avail of tax holidays when you register your company formation. These are free periods when you can save tax payments. Moreover, you can also save on estate and income taxes when you incorporate them. You can get exemption on import and export duties. Furthermore, you can enjoy low rates on banking fees, utility bills, and a lot more.

Besides, there are several other benefits of company formation in Hong Kong. Your company is considered fully accredited when it registers with the Monetary Authority of Hong Kong. The procedure to start your business also requires very minimal requirements. You can create your business within a few days. Moreover, you can quickly become self-employed after two years.

With all these advantages, why do you still hesitate? Try it now. You can even ask for some help from any of the local attorneys. You must pay some simple fees. That is it! It is effortless to get your own company established.

There are several other reasons why many business people prefer a company formation in Hong Kong. First, the laws in Hong Kong are comparatively less. You can also be given tax benefits if you elect to work with a foreign partner. Moreover, you have better protection against the local competition when you register your business with a professional company formation firm.

Before you fill out any forms, you should know what you are doing. Take the help of a company formation consultant in this regard. Do not try to do everything on your own. It can cause serious legal problems. Make sure you get the help of someone who knows what he is doing.

There are plenty of companies offering company formation in Hong Kong. Choose the best one according to your needs. Try to find out as much as you can about the company. It will help you get the best rates, and you will also save time.

 

 

 

 

 

setting up a business in HK

https://www.onlinecompanyregister.com/hk-company-law/what-is-the-basic-definition-of-debt-finance-and-its-types-for-doing-business-in-hong-kong

 

 

Feral Cats – How To Help Feral Cats

Wild feline settlements are taking home in numerous networks all throughout the planet. Indeed, of the roughly 146 million felines in North America, about portion of these cats are wild or destitute. Albeit these destitute cats might have the option to get by all alone for a brief timeframe, they are consistently needing assistance. In the event that you need to help the wild felines locally however you’re simply not certain how to do this, consider the accompanying choices to assist you with beginning.

Contact a Local Rescue Organization

You can help the destitute felines locally by reaching a nearby catlike salvage gathering to tell them that there are stray of wild felines in your area. Ensure that the gathering you are reaching can indeed work with the wild felines that you are attempting to help, not at all like some sympathetic social orders or asylums who will quickly seize and euthanize any wild cats they acquire.

Lamentably, numerous havens and pounds in North America are compelled to euthanize adoptable felines to account for different felines in their asylum. Roughly 70% of all felines who enter covers are slaughtered there, with practically 100% of wild felines being euthanized right away.

Fix/Neuter and Vaccinate

The main source of high destitute feline populace numbers is an absence of fixed and fixed felines. Truth be told, an investigation by the Feral Cat Spay/Neuter Project has uncovered that solitary 2% of free-wandering felines are fixed or fixed, which has prompted 147 million little cats being destined to free-meandering felines consistently. To lessen these populaces it’s significant for felines to be changed, particularly destitute felines. This is the reason many salvage bunches are attempting to execute Trap, Neuter, Return programs in their networks.

To guarantee that your feline doesn’t add to the increment of destitute feline populaces, make certain to have the person in question fixed or fixed. You will likewise need to protect your feline from illness by ensuring he/she is forward-thinking on all inoculations. Regardless of whether you own an indoor feline, there’s consistently the chance of departure, so make certain to protect your kitty.

Volunteer Your Efforts

In case you’re amazingly committed to aiding stray and wild felines, consider chipping in at your neighborhood cat salvage association. A few associations need assistance directly in their havens, regardless of whether you can clean the floors and dividers, feed the felines in the safe house, or help to cut a few hooks, there’s continually something to do.

Furthermore, numerous associations are dynamic everywhere on their local area, particularly with taking care of stations for the wild felines. These stations are regularly set up in a protected where they permit the destitute felines to rest and eat. Volunteers might be approached to keep an eye on certain taking care of stations over time to guarantee that the felines have sufficient food, water, comfortable beds and covers.

Stand up and Support Cat Groups Worldwide

Show others the estimation of felines at whatever point you find the opportunity. Felines, particularly wild ones, have unreasonably couple of promoters and very numerous doubters. Instruct yourself on the issues and add your voice to the discussion. The most ideal approach to advise yourself is to investigate the work being finished by other feline sweethearts and feline salvage associations all throughout the planet. Look at their sites, studies, and online media sites to perceive what is happening in the feline salvage world.

Show Your Concern

Try not to be hesitant to keep in touch with your nearby, common/state or government agents concerning improved local laws for the treatment of stray and wild felines. Particularly don’t stop for a second to contact neighborhood specialists in the event that you have seen somebody abusing or mishandling a destitute feline (or any creature besides).

Three Types of Company Registration

 

Are you interested in foreign company registration in Hong Kong? If so, then this article will give you all the information you need. Here is your complete list of business registration in Hong Kong, which includes detailed, actionable tips you can take right now to help make your launch into Hong Kong a big success. Knowing the benefits of company registration in Hong Kong will also help you understand what you are getting for the money you spend in doing so. To begin, here are the four main types of company that can be established in Hong Kong:

Limited liability company (LLC): This type of foreign company registration in Hong Kong allows limited partners to act as its directors and shareholders. Limited company formation in Hong Kong also allows limited liability. Here, the company has limited liability because its directors and shareholders cannot pay the company’s debts, such as paying the profits tax. The limited liability feature of the limited company formation in Hong Kong comes from the fact that only a few people or entities have any standing to bring a lawsuit against the company. Thus, limited company formation enables the company owners to protect their assets and income. The downside is that the limited company has less flexibility and control than the other types of company formation.

Public limited company (PLC): This is one of the simplest forms of company registration in Hong Kong. It works by allowing a limited partnership or company to manage its affairs through a Board of Directors appointed by the shareholders. The company enjoys all the privileges and benefits of a publicly traded corporation, such as having limited liability. The only disadvantage is that the limited liability means that the company’s profits have to be paid through the profits tax.

Private limited company (PLC): Like the PLC, the private limited company has limited liability. However, profit protection is not given to its shareholders. Instead, it is given to the manager or the director who manages the affairs on behalf of the shareholders. Unlike the public limited company, this type of company formation has some advantages. First, it is simpler to set up, faster to process, and a lower registration fee. However, it does not enjoy the benefits of the other two company formation types.

Public limited company: As its name indicates, this company type’s primary function is to register a business. It is managed by an agent or officers of the government who grant the company operating license. It enjoys most of the benefits of a publicly traded corporation, such as unlimited liability. However, it cannot appreciate the new horizons provided by the Registration of Business (ROC) scheme. Furthermore, the company cannot issue shares to its shareholders and only deal with the registered agents for trading purposes.

Limited partnership (LP): This company formation is a simple way of setting up a Hong Kong domiciled business. Two or more people can act as the company, with each one playing a shareholder’s role. The profit-making potential is the same as that of a public company. Moreover, it can have limited liability while still being able to carry on trading. Like the PLC, the Limited Partnership can enjoy some of the benefits of company registration in Hong Kong.

Private company: This is a highly complex company structure that enables a foreign company to set up a share of its own in a domestic business. A nominee director can act as the company’s manager, and a nominee shareholder can also be an employee of the business. The company can make its profits by trading the stock or issuing dividends. However, the company is restricted from making direct investments in the domestic market. Direct investments require an application and a license, and the profits made here are not tax-determined.

It is easy to register a company in Hong Kong. There are three ways to do so: through an agent, by self-registration, or through a company incorporation package. Though using an agent is costlier than the other two, it ensures that your company gets registered in Hong Kong under its name and can handle its transactions for a more extended period. On the other hand, self-registration allows you to open a company account online and use an appointed person as the company’s registrant and company secretary. Company incorporation packages are cheaper but not offered by all business establishments. To find out if a package is suitable for your business, contact the company registrar at its office in Hong Kong or China’s authorised registration company.

 

 

 

 

 

foreign company registration in Hong Kong

https://www.onlinecompanyregister.com/hk-company-law/member-s-personal-actions-for-the-conducts-of-wrong-to-both-company-and-member-s-after-hong-kong-limited-company-registration