Companies in Hong Kong must register with this department by way of an application form, application fee, and copy of the registration certificate. The form consists of personal information such as name, address, date of birth, date of incorporation, directors’ names and several shareholders, registered office, nature of the business, and other particulars. The authorized officers also furnish the application forms. Companies usually have to submit financial reports, financial statements, balance sheets, and income statements to prove that they meet the statutory requirements. It is followed by filling the application form with the Companies Registry.
The Company Registration Hong Kong department is an agency under the Department of the Treasury and the Financial Services Authority of Hong Kong and found within the Ministry of Commerce. It is tasked with the legal registration of non-Hong Kong and local companies.
Companies who are not registered will be listed as inactive and will not be active once the registration process has been completed. After the completion of the application form and payment of the registration fee, companies will be given a registration card with their name, address, and contact details. They can then access their account online.
Companies register for company registration with this department because it is a prerequisite for registering with the Companies Registry. Registration with the department is voluntary for non-local companies, whereas if you wish to register with this department, the government of Hong Kong grants you registration with them.
Certain factors affect the process of company registration. First of all, if you do not want to be registered in the Hong Kong Companies Registry, you should know the basic rules and regulations regarding the registration and be aware of the procedures involved in the process. You should also consider the requirements of your business before registering it.
Hong Kong is a well-developed city, and if you have to do any business in Hong Kong, it can become quite expensive. Hence, you need to be aware of the cost of registration before signing up.
HK company registration is not an easy procedure. The Companies Registry provides extensive information regarding the registration requirements, including the company’s status and other important facts related to the process, and fees.
If you want to find out more about the procedure of company registration in Hong Kong, you can consult the internet. Or the Department of Trade.
To start with, you should consider that there are different methods of filing the application for company registration in Hong Kong. These are limited company formation, registration under the Companies Ordinance, company registration under the Business Registration Ordinance, and general company registration.
If you want to get a complete and clear picture of these procedures, it is better if you opt for limited company formation. It is because this option gives you a lot of benefits such as avoiding the cumbersome formalities and red tape involved in filing for company registration. The process is quick and straightforward. Moreover, there are no fees associated with this company formation.