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Offshore Company Formation House: Offers professional Offshore company formation, Company Incorporation, Offshore company registration & incorporation and offshore company setup in Hong Kong.
OffshoreCompanyFormation | offshorecompany

Find The Hong Kong Offshore Company Formation and Registration

Oct 11th 2014 at 2:02 AM

When beginning the Hong Kong company formation there are many different things that are required. Before forming or registering the company, make sure to do the research and find out exactly what is required because each jurisdiction requires different things. First, the name of the company must be determined before any other steps can be taken.

How to Apply For Forming an Offshore Company in Hong Kong:

Company formation Hong Kong is quite easy and can be done online. The required documents that need to be filled out and submitted are:

Incorporation form or if the company is limited in the number of shares, then a different form called NNC1 should be submitted.

Articles of Association for the company

Form IRBR1, which is simply a notification that is sent to the business registration office
Once that is done then the fees need to be paid, which includes:

Fee for registering the company – This fee costs HK $1,720. If the application is not successful an application can be made for a refund of HK $1,425.

Fee for business registration – This fee can be paid for 1 or 3 years. 1 year is HK $2,000 while 3 years is HK $5,200.

There is also a fee that is applied to the protection of wages in case of insolvency fund. This can again be taken out in 1 or 3 year terms and 1 year costs HK $250 and 3 years costs HK $750.

This process can take a mere day if done online, but if done with hard copies of the documents it will normally take around 4 days.

Registering The Offshore Company:

Hong Kong company registration must be completed within a month of starting up the business. It must be registered with a certain office called the Business Registration Office of Inland Revenue Department. The registration certificate, once received, must be displayed at the business.

Normally the registration occurs at the time of forming the business, but not always and some of the steps are the same including:

Submitting the form IRBR1, which is notifies the business registration office
Paying the fee for business registration and the fee for the  protection of wages in case of insolvency fund.

If registration is done in paper it can be given within 30 minutes, however, if sending it by post it will take 2 days.

Registering an offshore company in Hong Kong is pretty straight forward, but there are more requirements after these steps are completed. Make sure to research them and do what is necessary, otherwise the company will be in trouble.

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