Company Formation in Hong Kong, Company Formation Process in Hong Kong, Company Registration in Hong Kong, Foreign Company Formation in Hong Kong, Foreign Company Registration in Hong Kong, Starting business in Hong Kong, Doing Business in Hong Kong, Foreign Investment policy in Hong Kong, Company Incorporation in Hong Kong
S & F CONSULTING FIRM LIMITED is an international business/ company registration consultancy firm.
Foreign Company Registration (100% Foreign Investment, Joint Venture, Virtual/ Branch/ Liason Office, Foundation), Taxation, Accounts & Audit, Legal, Company Secretarial & Management Consultancy.
Company Registration/ Formation/ incorporation in Hong Kong, Foreign Direct Investment in Hong Kong-FDI, FDI in Hong Kong, Doing Business in Hong Kong
Basic Requirement to set up Branch Office in Hong Kong
1. Certified true copies of the foreign company's certificate of incorporation, memorandum and articles, or equivalent documents.2. A list of the directors and secretary and their pertaining details.
3. A list of person or persons residing in Hong Kong authorized to accept service of process and notices on behalf of the foreign company.
4. A certified true copy of the latest financial statement of the foreign company if it is a public company and is required by the law of the place of its incorporation to publish its accounts.
Branch Office set up procedure
• Consult and assess your company structure and collect necessary documents for the formation of Hong Kong branch office• Sign our Letter of Engagement to make confirmation of proceeding with the Branch office formation
• Prepare the branch office formation documents
• Submit the original signed company documents to the government department and pay all government fees on the client's behalf
• Monitor the whole process and keep the client update for any news
• Pick up Business Registration from the government department
• Prepare a company chop
• Deliver the documents to the client
Advantage of Branch Office in Hong Kong
1. A branch office is a legally incorporated entity in Hong Kong.2. An impression of unity with foreign parent company.
Disadvantage of Branch Office in Hong Kong
1. The foreign parent company is accountable and responsible for all legal liabilities and debts of the branch office2. Hong Kong sourced profit generated in the branch office may subject to overseas tax.
Basic Requirement for Representative Office in Hong Kong
1. A certified true copy of the certificate of incorporation or equivalent document of the foreign company2. A certified true copy of the English or Chinese translation thereof if the original is not in English or Chinese.
Hong Kong Representative Office Set up Procedure
• Consult and assess your company structure and collect necessary documents for the formation of Hong Kong representative office• Sign our Letter of Engagement to make confirmation of proceeding with the
representative office formation • Prepare the representative office formation documents
• Submit the original signed company documents to the Hong Kong Inland Revenue Department and pay all government fees on the client's behalf
• Monitor the whole process and keep the client update for any news
• Pick up Business Registration from Inland Revenue Department
Advantage of Representative Office
1. There are no registration requirements with the Companies Registry, no minimum capital requirements and no compliances like filing tax returns or maintaining accounts etc. The only requirement is to register with the Inland Revenue Department and obtain a Business Registration Certificate.2. A representative office of a foreign company is not required to file any financial or other statutory returns with any government authorities in Hong Kong. The same applies to the foreign company itself.
Disadvantage of Representative Office set up
1. A representative office cannot engage in profit making activities and is not treated as a legal entity. It cannot sign or enter into any contracts, sign deals on behalf of the foreign company, raise invoices or letters of credit nor engage in trading activities.2. The representative office has to restrict itself to promotion and liaison activities, undertaking market research and coordinating activities on behalf of the foreign company.
A Virtual Office is ideal for:
• Having a requirement to hold meetings in the city but no requirement for a full time office• People who often travel and therefore do not have the need for physical office space
• Individuals that work from home but require a city identity
• Those who require an office identity but do not have the budget for a physical office
• New business start-ups who wish to test a new market and cannot yet justify the cost of setting up a permanent office.
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