Offshore Company Formation – Why You Should Form One
Are you interested in learning How to start a company in Hong Kong? Company formation in Hong Kong is relatively easy across all the available forms of businesses and knowing their basic features and differences is vital before venturing here. In this article, I have tried my best to explain what company formation in Hong Kong and the procedures is that need to be followed. Companies’ formation in Hong Kong does not necessarily follow a specific procedure; instead, it is a matter of decision and free will of the individuals involved.
How to start a company in Hong Kong? Forming a company in Hong Kong starts with the granting of public company administration documents to the bearer or company secretary. The company secretary is also known as the director in some parts of China. Once the Secretary of State receives these documents, he will then be required to register the company in the prescribed manner. This registration is done at the Companies House under the Companies Act. The secretary of the state usually acts as the company’s agent and is authorized to do all the company’s official business. The company secretary must file an annual report about the company to the office of public trust.
If you wish to work at home, you will need the services of a company secretary too. The company secretary works to keep the company records updated and accurate. They make sure that all company information is correct and updated. A company secretary also helps handle the company’s telephone calls. They help to answer the phones and correspond with the shareholders.
Once a company secretary is appointed, she will be the one who answers all the shareholders’ queries and general queries as well. The company secretary will also be the one who plans out the company’s future strategy. All these are part of the responsibilities of the company secretary. The company secretary is the middle person between the management and the shareholders. She is responsible for seeing that all the shareholders are happy with the way things are going at the company.
If you are new to the stock market, you can learn more about how to start a company in Hong Kong by getting more information from the share market’s website. There is a lot of information that you can get on this company formation in Hong Kong. It is a fascinating and fast-growing industry in China, and many people are now getting involved in it. So, if you have an idea about starting your own company, then you should check it out.
One of the things that you must know before you decide on how to start a company in Hong Kong is that in this part of the world, a company needs to get registered in the local stock exchange or the company registry to be listed. The company registry has all the information about your company, including the business name and its contact details. This information is being kept facilitating trade between foreign companies and Chinese firms. If your company does not have a company registry, you need to establish one to enable you to trade with foreign companies. Otherwise, you will not be able to open any trading and dealing with foreign companies.
The company secretary will be responsible in many ways, such as in answering queries from the public and taking orders from the company registrant. He or she should also prepare the annual report that will be submitted to the shareholders for approval. The company secretary must also ensure that the company seals and stamps are in good order and forwarded to the Companies Registry.
Apart from these, there are many more benefits of forming an offshore company in Hong Kong. It includes tax benefits, low corporate costs, flexibility, and privacy. In addition to this, Hong Kong has become a hub for transacting business. Therefore, any company based in Hong Kong enjoys the best other business cities have to offer. In short, you will be able to make more profit and operate your business in a hassle-free manner.