Company Formation in Hongkong
As we all know that Hong Kong is the most liberal economy in the world along with Singapore that is why opening a company in Hong Kong is simple, cheap and fast. Registered capital required in Hong Kong is much lesser than the majority of countries (only 10,000 HKD) and you can operate your business from any country in the world, you don't require living in Hong Kong for operating your business.
Apart from all this, Hong Kong is a major banking center. After incorporation of your company here in HongKong a person is entitled to open a multi-currency business bank account (with e-banking) with worldwide recognized bank. This kind of feature is vital when you plan to do business worldwide.
Modes of company formation in Hong Kong
Earlier, only Sole Trader Company was allowed to open in Hong Kong without even getting permission to reside there and also in those days person was required to have an office and a secretary in Hong Kong.
But nowadays, you do not require any office and secretary for starting your business in Hong Kong and also you can register a company here without even travelling in Hong Kong.
Company can be registered with two the modes
- Paper registration.