Unique Things To Remember When Registering A Company In Hong Kong

By Author: Bryan Wong
Total Articles: 11
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Hong Kong is a melting pot of entrepreneurs from all over the world. The city has remained one of the most preferred destinations for global entrepreneurs and investors who prefer setting up their new ventures in Hong Kong over most other nations. While registering a company in any country is unique in its own way, Hong Kong too has certain rules and regulations which are exclusive to the city alone.
Companies who want to setup their presence in the city may choose to have a name in English or Chinese. Companies are also allowed to maintain a name in both the languages if they wish to do so. However, they cannot have a single name which is a mixture of both languages. The ability to maintain a name in both English and Chinese is quite unique and fascinating to many foreign entrepreneurs.

Also foreign owned companies cannot self-register themselves in the city. They have to go through a professional Hong Kong company formation services firm based in the city for their entire company incorporation procedure. The Hong Kong based company can complete the entire business registration process for you without you even ...
... setting foot in the city. In many cases, you can even complete the post registration formalities such as opening a corporate bank account without actually being present in Hong Kong.

Another unique aspect of registering and doing business in Hong Kong is the fact that you can use any major currency in the world for several aspects of your business. Hong Kong has one of the most developed financial systems in the world and its banking system is regarded as one of the best for any nation. It also has the freest economy in the world and you are allowed to use any major currency such as the US dollar or Euro for authorized share capital in your new Hong Kong based venture.

As far as company management is concerned, not only are company owners not required to partner with any local firm or individual to incorporate their Hong Kong company, they are not even required to relocate to Hong Kong to operate their business. Directors and shareholders can live anywhere they want and hold annual meetings any in any nation as per their convenience. However, company directors are responsible for all ongoing compliance requirements in the city and even if they chose to live abroad, they are held directly responsible for maintenance of all compliance requirements as set by Hong Kong Company Laws.

Author Bio
Bryan Wong is a business analyst in the Asia-Pacific region and in his free time writes business articles. In this article, Bryan talks about How to open a Hong Kong company and Hong Kong company registrar.