Company Formation in Hong Kong: Using an Agency to Start Your Offshore Business in Style
To succeed in business, the two most outstanding things are a good jurisdiction and professionalism. So, if you want to open a company in Hong Kong, count yourself on the right track because the jurisdiction has stood out as a business hub that no one wants to miss.
A closer look at Hong Kong reveals that some of the best companies, including Barclays and MacDonald’s, have some presence in Hong Kong. In this post, we will tell you why using a firm of experts is the best way to start your business in style.
Agencies Work with Experts in Company Formation in Hong Kong
While Hong Kong administration has simplified the process of company registration so much, it is still complicated for most investors.
Most people, especially those without a legal background, find preparing documents, such as Articles of Association and Memorandum of Understanding, a big challenge. However, agencies are run by experts with the experience in company registration, and you can rely on them to prepare the right documents.
With an agency, it also implies that you do not need to fly to Hong Kong to register your company. The agency will prepare the required documents on your behalf, submit them, and send you the incorporation certificate.
A Good Agency can Serve as Your Company Secretary and Address
When registering a company, the Companies Ordinance requires that you must have a company secretary and a registered address.
However, getting these two requirements is never easy, and it might require running adverts in Hong Kong newspapers and hopping from one Skyscraper to another in search of an office.
However, when you contract an agency, it can even serve as your company secretary and company address, helping you to cut costs and time for registration with a huge margin.
You Get Advice on Compliance with Different Regulations
One thing about Hong Kong jurisdiction is that its administration is always working on new policies for helping businesses to thrive and become successful.
To avoid getting into conflict with the law, you need to ensure that all the regulations affecting your business are fully adhered to, and this is why you need to work with professionals.
For example, an agency will help you to prepare and maintain the Significant Controllers Register correctly. It will also come in handy to help you comply with the Hong Kong Legal framework on the Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information (AEOI).
A Good Agency Holds Your Hands in the Early Stages of Establishment
With a good agency, you are sure of having a helping hand to guide you, especially during the early stages of establishment.
Because agencies have experts who have been in the market and helped others to start businesses in Hong Kong, you can rely on them to know what works and avoid mistakes that can compromise your success.
For example, you will be advised on the best strategies for entry into the new market, growth, and taking advantage of the bilateral agreements that Hong Kong has entered with other countries across the globe.
When expanding your business to Hong Kong, it is important to be smart by bringing onboard experts to grow your company to the targeted levels.
Click here to get more information on how our experts can help you with company formation in Hong Kong and growing it to the next level. With a professional on your side, you can never go wrong!