The moment you decide to set up a company of your own, you start on a long journey packed with dreams of success, new responsibilities and lots of challenges. Establishing a company is far from being a cakewalk. After an extended period of thoughtful, meticulous planning, one has to smoothly sail through the entire process of company formation and registration, besides overcoming the hurdles at each stage of setting up a solid foundation for your business. Whether it is a private limited company or public, one’s one enterprise or on partnership basis, every company needs to abide by a strict set of regulations at the time of its formation and registration.
How to begin:
Gone are those days where the formation of a company involved loads of time consuming formalities and paper work. With the present generation being dependent on the internet for almost everything under the sun, the process of company formation and registration is no different. In order to get started on the electronic process of Company formation Hong Kong, one needs to get hold of a software that is compatible with such e-filing services. In its absence, the help an experienced agent can be sought to guide you throughout the phases of your company registration. Specialized agencies also have links with various offshore banks and help their clients with detailed information about the different bank policies at the time making choices regarding where to open an account. This is done after thoroughly evaluating the monetary policies of clients.
The legal formalities:
As soon as you start out on a fresh business venture, you must avoid wasting time unnecessarily before proceeding to get hold of a valid permit or license for your business. Any sort of negligence on your part might cost you in the long run, and you surely would not like to entertain any thorns in the path of expansion and success of your business goals. In order to procure a license you must file an application with the required personal and official details and keep the essential documents ready such as the address proof, certificate of capital verification, ID cards of stake holders, documents of the board of directors, supervisors, legal representatives etc.
Getting an identity:
The process of Company registration Hong Kong does not simply end with acquiring a business license. The next step is to apply for a quality certificate and bureau code certificate within a month. This must be followed by initiation of the tax registration formalities. Your new business has immense potential to conquer unimaginable heights of glory, and for that you need to get the basics right so that the flight is ready for take-off.
