If you are planning to set up a business in Hong Kong, then you must be aware that company setup in Hong Kong is required by law. The business registration procedure in Hong Kong can be very time-consuming, complicated, and tedious.
There are so many laws and regulations that are enforced in Hong Kong that it would make your head spin. You must understand this to avoid any trouble during your company setup in Hong Kong.
First, you need to know what kind of company setup you want in Hong Kong. You need to make sure if the business will be dealing with wholesale or retail. If the business deals in retail, then you need to hire a lawyer to do the business registration in Hong Kong. If you have planned to deal in wholesale, then you should look for a business attorney who can do the same.
As a rule of thumb, you can hire a lawyer who is qualified and who has been practising in Hong Kong for the last few years. It will help you to have an experienced person working with you during your business setup in Hong Kong.
In addition to hiring a lawyer, you should also make sure that your business is registered with the local government before setting up your business in Hong Kong. To do this, you can contact the Local Business Registration Department in Hong Kong directly.
You need to have a complete business plan and financial reports prepared before contacting your local government about the business registration process. It will also save you time and give you a heads up on how to proceed during the business registration process.
Another thing that you need to consider when registering a company is the local government regulations. Some of the laws include:
You should be able to prepare the business registration Hong Kong plan, provide all the necessary documents to your lawyer and the local government for processing, and submit the same after approval. You have to do your part in making sure that your business is legal.
If you have done all these things before you begin business registration, then there is nothing to worry about it. However, if there are still legal matters which need to be resolved, then you may need to consult a lawyer.
Once your lawyer reviews the documents and makes the necessary adjustments, you are ready to go. The first thing that you will need to do is find a suitable lawyer.
In Hong Kong, finding a local lawyer is not difficult at all. However, it may take some time in finding one that is licensed and meets all the standards.
To find a local lawyer, search the Internet for lawyers who have worked in the area and have received recommendations from their previous clients. You may also check with the local Chamber of Commerce to find one.
Before you hire a lawyer to handle the business of your company, make sure that he or she is familiar with all the laws concerning your company. Make sure that he or she is an expert and knowledgeable on the laws. It would be best if you also asked for references from other lawyers in the area to get a better feel of how their lawyers work.
Do not allow the lawyer to handle all your business transactions. It is not a good idea, and you may end up losing more money because of it. Remember, the lawyer’s job is to help you with the legal issues involved in your company. He or she should not just take care of the accounting and money-making aspect of the business.
Another critical aspect of choosing a lawyer is that the lawyer should have a good relationship with the authorities. He or she should be able to get essential documents processed without delay so that the paperwork may be handled smoothly and efficiently.
As you can see, hiring a lawyer to handle all the legal matters of your business is essential. If you want to have a smooth business setup in Hong Kong, you need to have an experienced lawyer to handle everything from filing the necessary paperwork to filing your taxes and to handling tax forms.
company setup in Hong Kong