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You could choose the similar identify as your dad or mum company, or it is possible to go for a special name. Having said that, the subsidiary identify really should be accepted by the businesses Registry. Other Hong Kong subsidiary prerequisites include:
Number of issued and paid-up share cash (liability of your shareholder — bare minimum of HK$1) (The paid out-up share capital total should be deposited into your company’s bank account once the company’s bank account is ready up, on incorporation. As a result, 3E will assistance a company’s incorporation with a complete issued and paid-up share funds of approximately HK$1,000 only. This is certainly the utmost appropriate volume to be taken as paid out up by shareholders, in dollars, without the need of them creating the evidence of resources.
Soon after incorporating your company, you’ll be assigned a unique eight-digit number. This number might be additional to your Business Registration License. This number is placed on the legal and administrative procedures of Hong Kong organizations.
Your company secretary will probably be in command of ensuring that your company is in very good standing with the laws governing the incorporation and routine maintenance of providers in Hong Kong.
Please note that 3E Accounting won't assessment the consumer’s account opening application or supporting documents before submission towards the bank. 3E Accounting won't attend the meeting with the bankers and all communication will be just between the lender as well as shopper.
The company and its officers is usually fined should they fail to adjust to these disclosure specifications.
Have to have at the least just one shareholder and director that are equally of age of 18 several years to ascertain company.
You would like loads of time to determine a subsidiary and spend important sources to hire professional counsel to help you arrange and manage your company.
Because it is a unique eight-digit number assigned only to your company, it can help distinguish it from other organizations in the market, In particular These with an analogous name.
NNC1 or NNC1G Kind: These are definitely company incorporation varieties that require information similar to the proposed company name, the nature of your enterprise, as well as director’s information. The NNC1 type is employed for companies constrained by shares, though the NNC1G is for businesses that are not confined by shares.
The files over have to be submitted to the businesses Registry by using on-line portal or in individual. A price are going to be incurred, with unique amounts outlined for online and tough copy programs. Facts on incorporation and business enterprise registration service fees are available on the Companies Registry’s Web site.
We handle the process a hundred% on line. We obtain your files by means of chat, fill in the mandatory varieties, and ship them to you to sign digitally.
Hong Kong subsidiary setup ordinarily takes lengthier than establishing a consultant or branch Place of work, but it surely helps you to acquire tax Gains and other company formation with bank account trade possibilities that are not a A part of another 2 options.