What You Should Learn Regarding Hong Kong Company Formation – Know It All Here
When it comes to Hong Kong company formation, one very important fact that you should know is that, if you are going to start doing it, you actually have two options to choose from. As what we have mentioned, there are two choices that you can vie for when doing Hong Kong company formation and the first of the two options can be associated to starting a company from scratch or from the very beginning. The other half of the two options of Hong Kong company formation that we have stated not too long ago involves purchasing or the buying of a company that was previously owned by a business individual or has already been in existence for quite some time now.
If you have decided to go with the first approach which is to start your own company or business from nothing, there are some important factors that you have to take into account here such as the fact that you have to look for the name of your company. Of course, since you are starting from scratch, know that you may have to undergo various processes and face difficulties, especially when it comes to registering the name your new company as it may take quite some time to be approved. Before you start with everything about your company like the construction and all, there is a need for you to get permits, licenses and registrations so that everything will be legalized and authorized and speaking of which, one of the licenses that you need to have is the business license. Talking about business registration license, this is actually a kind of license where it typically includes government fees that can amount up to two hundred fifty Hong Kong dollars.
On the contrary of it, for those of you out there who may be considering the idea of buying a company who has been in the business for a very long time already, this could mean that you have to select a name from a given list. About the list, it has been said that it normally consists of company names that are in a shelf which have never been used in the past. When compared to the processing time of registering the name of a company that started from scratch, registering the new name of an already existing company is much shorter and much easier to do.
For those of you out there who are thinking why Hong Kong is a good place for a company formation or why try company formation in Hong Kong, well, that is due to the fact that Hong Kong is a city that is capable of offering a very competitive economic environment.