There are many benefits of company registration in Hong Kong, particularly for small to medium-sized enterprises (SMEs) and even large ones that can register a whole department or several departments. If you are looking for a new business venture and have a limited budget, company registration in Hong Kong is a great option. You will need to pay some amount for company registration in Hong Kong. The payment depends on the type of service you want, such as a limited liability company or a general partnership.
However, Hong Kong company registration and bank account is not only a business function. It is also a method for any person to exercise the right to operate a limited company. Moreover, company registration in Hong Kong is one of the most popular reasons why many people choose to open a new company. Aside from the fact that it offers many benefits, it is also a convenient method to register a company, no matter what its purpose will be.
After company registration in Hong Kong, you will be able to open an account in various banks. It is very convenient if you are planning to open a bank account for your own business. Besides that, you can even use your savings bank account as an option for company registration in Hong Kong.
Moreover, when you open a company registration in Hong Kong, you are also given a chance to choose a Registered Office. The RSO is responsible for all your company’s official works, including its official seals, business cards, letterheads, flyers, advertisements, and more. You will be required to provide this office with all the necessary documents and information about your company, so you should make sure that you have all the required documents at hand. Failure to do so will seriously affect your company registration in Hong Kong.
When you are ready to start your company formation in Hong Kong, it is highly recommended that you avail yourself of a financial firm’s services. A financial company will offer you various services, including application and registration of your company, financial management, advice, and account and document handling. It will significantly help you with your company registration in Hong Kong.
Various financial firms in Hong Kong can assist you in your company formation in Hong Kong. You can choose from a wide range of financial service providers in the city. However, it is highly recommended that you only choose those service providers who are members of the Institute of Chartered Accountants of Hong Kong (ICADHokk). The members of the ICAADHokk have proven their credibility by carrying out the tasks properly. Therefore, you can rely on them for help during your company formation in Hong Kong.
It is also essential that you choose a company that has a legal business operation in Hong Kong. Before you select a company that will help you register your company in Hong Kong, make sure that it is licensed to operate in the bank’s financial district. For instance, the company must be registered with the Bank of China Limited (BIC) or the Central Supervisors Bureau (CCSB), or the Securities and Exchange Commission (SEC). These agencies will provide all the information you will need about the company.
After you have selected the company to assist you with your company registration in Hong Kong, you may arrange the company’s bank account. You must have a separate account for your company. This account will serve as your company’s cash drawer. You may open an account with a local bank that provides such services, or you may choose to open a second bank account outside of the one you currently use.