Why Foreign Companies Should Register in Hong Kong
When it comes to conducting business in Hong Kong, a foreigner must obtain a relevant permit or license from the relevant government authority to conduct business in Hong Kong. Although there is a very high standard of registration and approval for foreigners, one must bear in mind that this does not mean that there are no regulations to be followed.
Foreign company registration in Hong Kong involves screening applicants to make sure that they have enough experience in running their own business, as well as that they meet the qualifications for a license to operate a business. A suitable applicant must be able to prove his ability to run and manage their own business successfully before he can get a license.
Foreign company registration in Hong KongBefore any foreign company registration in Hong Kong is made, a relevant application form must be submitted to the Department of Trade and Industry (DTI). This form is known as a “Business Registration Application”Certificate of Registration”.
The Business Registration Department will review all the relevant documents and information submitted to it. If it finds any discrepancies or irregularities, it will refer the case to the Department of Justice or the Public Prosecution Service. These agencies are responsible for handling criminal cases involving foreign companies and individuals who wish to register in Hong Kong.
A foreigner intending to start a business in Hong Kong should ensure that he has all the necessary paperwork ready before he starts the process of obtaining a Foreign Company Registration in Hong Kong. In most cases, it will take at least three months for the process to be completed, but this varies from jurisdiction to jurisdiction.
However, the process may take even longer to process when the foreign company is planning to open a branch in Hong Kong. It is because the registration procedure requires that all the necessary forms, licenses, and permits are submitted to the department’s offices of trade and industry.
The Foreign Company Registration in Hong Kong is required by law, and a company that wishes to establish an office in Hong Kong or conduct business in Hong Kong must obtain a license. Failure to do so may result in severe consequences, such as a suspension or closure of the business.
Once a company obtains a license, it can be confident that it is legally allowed to operate in Hong Kong, even without its business address. It is because all the business activities conducted by the company in Hong Kong are carried out using the address of the license holder.
The license holder may change his address when the company can do so; however, he will have to make sure that the address is a valid one. If the license holder has more than one address in the city, they can submit one application for each address or a separate application for each address.
Companies who decide to establish a business in Hong Kong can apply for business registration in Hong Kong on their own, provided that the license holder is not very experienced in this field. If this is the case, the applicant must be prepared to bear the expenses associated with doing so.
However, it is not recommended that anyone do business registration for a company that is new to Hong Kong. If an existing company has an experienced business lawyer, then he can get the services of an expert.