How to Start a Hong Kong Offshore Company?by Andrew R. Researcher
Once you know why it’s a good idea to
create an offshore company in Hong Kong, it can be a very good idea to learn
the Hong Kong offshore company setup process. Creating an offshore company in Hong
Kong does require you to go through some very specific steps, something you
need to keep in mind here.
Figure out the company name
Creating the right company name is crucial,
you need to find one that’s available and which is also allowed by the
Companies Registry in Hong Kong. This might not be hard to do, but it does
depend on the names that you have in mind and other similar factors, so it can
sometimes be a little time-consuming.
Submit the documents
There are multiple documents you need to
submit when you create an offshore company in Hong Kong. You have to submit the
application form, articles of association, a passport photocopy, but also an
overseas address proof, bank reference letter, identity card if you have Hong
Kong based directors of shareholders and parent company registration documents
for the shareholders.
Open an offshore bank account
Obviously your offshore company will need a
bank account to operate, so opening such a bank account is a crucial step of
the entire process. That’s why it can be a very good idea to check it out, and
in the end the benefits themselves can be second to none every time.
Register with the Inland Revenue Department
You have to do this within a month after
you create your business. Once you register, you get the business registration
certificate. That means your business will be able to start working on that
field, which is extremely important to keep in mind.
Apply for a business license
In case you have a business activity that
requires a license, then you need to apply for that. In order to do so, you
need to provide the necessary documentation. It might vary from one business
type to the other, which is something to keep in mind.
As you can see, the process of creating a Hong
Kong offshore company is not very complicated. It really is one of the best
ways to create a stellar business that you can use to operate outside of Hong
Kong if you want. Which is why following these steps is very important, as it
will just make the process better and more seamless!
Created on Nov 29th 2022 02:06. Viewed 170 times.