123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Setting Up Business In Hong Kong: Entity Options

By Author: jvchk
Total Articles: 76

After you have evaluated all the necessary points and has made sure that you are in every way allowed to formulate your own company, the next thing on the line is to choose the type of entity that you are going to invest in. Hong Kong is one of the most developed nations in the world and every kind of business is having the time of their lives there. However, this is your initial investment and you do not want to take risks, even if the market is booming right now. Here are the entity options you get while setting up business in Hong Kong:

Limited company – The easiest and safest option that you could find is a LLC or a Limited Liability Company. For a limited company formation, all you need here is to decide a unique name for the organization, create a director or board of directors, shareholders ranging from 1 to 50, registered address in Hong Kong, company secretary, last but the most important, capital.

Proprietorship – With you being the sole owner of the company, this is a business entity that is best for startups and small-scale businesses. This is a type of HK company formation where there are no other owners and you will be solely responsible for all your assets and liabilities.

Partnership: At least owned by two people, a partnership business entity has its own advantages and disadvantages. All the partners have an equal say in the company decisions and will be fully liable for each other’s actions. There is also an option act as a silent partner where you will be investing in the company, but won’t have a say in its everyday affairs.

Branch or subsidiaries: While the corporation service company can establish their branch in Hong Kong, it will not be fully responsible for all actions of the organization. All the complaints and issues raised will be solved at the company’s main branch instead of the Hong Kong based branch. A subsidiary on the other hand is a separate legal entity of your existing company that you can establish in the country.

Hong Kong company incorporation is quite an easier process if you follow the course as suggested. There are various consultants who can assist you in investing on the best business entity option. They keep a track of all the market updates and changes and give you timely information of which business is currently doing well. Your decisions will be, therefore, based on true facts and stats that will assure its success.

There are other obligations to setting up business in Hong Kong, such as choosing a company name, registering it, attaining the legal permits and certifications, etc. All these tasks can be taken care easily if you find the right team of consultants. They are of great help whenever it comes to overseas company formation. Search on the web to find some of the most reliable professionals and get on with your business formation.

Total Views: 94Word Count: 495See All articles From Author

Business Articles

1. Why Video Transfers Have Become So Essential At Present?
Author: alphadvdcreations

2. Video Transfer Method To Keepyourfavourites For Life
Author: alphadvdcreations

3. How Compact Lube Trucks Can Increase Industrial Maintenance Capabilities
Author: Scott Lee

4. 5 Tips To Get Your Construction Business Visible In Canada
Author: Rick Greoneveld

5. Why Retailers Need Ecommerce Product Catalog Management?
Author: Liza Zeimer

6. Cutlery For Wedding Should Have A Smooth Reflection And Smooth Edges!
Author: Dean Lance

7. Htc Screen Repair And Replacement In Uk
Author: Rosie Grace

8. Cutlery For Wedding Made From Copper Is Always Safe On The Use!
Author: Dean Lance

9. Floor Lamps South Africa Is Safe And Extremely Beneficial On The Use!
Author: Dean Lance

10. Stem Floor Lamp Is Designed To Produce Perfect Accent Of Lighting For Your Home!
Author: Dean Lance

11. To Be Appropriate For Benefiting Instant Cash For Me
Author: Jack martin

12. Opportunities For The Global Waterproofing Admixture Market To Reach $4.5 Billion By 2023
Author: Lucintel

13. Money Loan Specialist Carries On In A Positive Sense And Answers
Author: Alex Mighty

14. How To Increase Sales By Using Just One Word
Author: Ian Marsh

15. Xbox Game Console Repair Services In Uk
Author: Rosie Grace

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: