Details, Fiction and hong kong company registration

Details, Fiction and hong kong company registration

Blog Article

Operates as an extension on the international dad or mum company, not a separate legal entity. The dad or mum company is to blame for debts and liabilities. Must be registered with Hong Kong’s Organizations Registry.

The company registration number is additionally referred to as a ‘company number’, a ‘Businesses Dwelling registration number’, a ‘registered number’, or just a ‘CRN’. It can be instantly created and allocated by Businesses Residence, so You can't opt for it or improve it.

Idea: A constrained company is the preferred and customary authorized entity in Hong Kong as a result of its confined legal responsibility, share-based mostly composition, and practical share transfer procedure.

Even though the Hong Kong subsidiary setup course of action is lengthy, your company can working experience several Added benefits. For example, creating a subsidiary helps you to operate below a confined liability composition, which allows your dad or mum company stay away from high-priced litigation or other fines.

In Hong Kong, you’ll also require identification files, evidence of residence, in addition to a financial institution letter for all those serving as your company officers. You will also will need to hire a company secretarial expert services supplier since this is the necessity for the institution and operation with the company.

Make sure you Notice that 3E Accounting will never critique the customer’s account opening software or supporting paperwork previous to submission to your lender. 3E Accounting will not likely show up at the Assembly Along with the bankers and all conversation might be just involving the financial institution plus the customer.

Compared with lots of nations around the world, the incorporation course of action in Hong Kong does not require an extensive amount of documentation.

I've a utr number is this registration number for business account or do I really need to put in place a LTD account

The 3 main sorts of lawful entities which you could prefer to kind your company in Hong Kong involve restricted company, sole proprietorship, and partnership.

Having said that, department offices could possibly will need to aid pinpoint assessable profits, in some cases resulting in discrepancies with tax authorities’ evaluations. In addition, though a branch Business’s liabilities are instantly associated with its dad or mum company, a subsidiary’s liabilities are confined into the subsidiary alone.

This difference potential customers lots of international enterprises to favour the subsidiary route for their Hong Kong operations rather than a department Business office.

This suggests of identification is useful in Hong Kong with its very long list of businesses. It’s one of the most formation company uk reputable ways of company identification mainly because two BRNs can by no means be the exact same.

** Customers can enjoy free accounting service session in the company period of time, but exclude the appliance for offshore revenue exemption and associated tax preparing.

Alternatively, using your company secretary’s address is additionally widespread and encouraged to make sure you acquire all official communications and legal documents.