Essential Facts That You Must Know of When It Comes To Hong Kong Company Formation
Talking about Hong Kong company formation, there are actually quite a number of important things that you have to know about such as the fact that there are two options that you can choose from, especially when you need to commence it. The first of the two option that you can choose for involves the set5ing up of a company from complete nothingness or from scratch. The other half of the two options of Hong Kong company formation that we have stated not too long ago involves purchasing or the buying of a company that was previously owned by a business individual or has already been in existence for quite some time now.
When you think that it would be fulfilling on your end to create your own company from scratch, know that you have to do few significant things that will make it a successful and prosperous one, like finding the right name for your company. Surely, because you have decided that you will have your own company out from nothingness, registering it may not be as easy and as fast as you think it will be as based on the data we have gathered, it usually take a much longer period of time to do so. There is also a need for you to get a business registration license as it is required when you are getting your company registered. Talking about business registration license, this is actually a kind of license where it typically includes government fees that can amount up to two hundred fifty Hong Kong dollars.
On the contrary of it, for those of you out there who may be considering the idea of buying a company who has been in the business for a very long time already, this could mean that you have to select a name from a given list. With regards to the list of company names we mentioned above which you can choose from, you need to know that these names are what we call as shelf company names, meaning that they are names of companies that were never used. If we are going to compare the processing time of registering a new start-up company with an already existing company which you acquired or you bought, the latter poses a short processing period than the first.
There is no question about why many people are trying to form their company in Hong Kong has long been known for being a city that offers economic environment that is very competitive.