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Essential Facts That You Must Know of When It Comes To Hong Kong Company Formation

When it comes to Hong Kong company formation, one very important fact that you should know is that, if you are going to start doing it, you actually have two options to choose from. The first of the two option that you can choose for involves the set5ing up of a company from complete nothingness or from scratch. The other half of the two options of Hong Kong company formation that we have stated not too long ago involves purchasing or the buying of a company that was previously owned by a business individual or has already been in existence for quite some time now.

If you have decided to go with the first approach which is to start your own company or business from nothing, there are some important factors that you have to take into account here such as the fact that you have to look for the name of your company. Of course, since you are starting from scratch, know that you may have to undergo various processes and face difficulties, especially when it comes to registering the name your new company as it may take quite some time to be approved. Before you start with everything about your company like the construction and all, there is a need for you to get permits, licenses and registrations so that everything will be legalized and authorized and speaking of which, one of the licenses that you need to have is the business license. Business license is one of the licenses that you should have and it normally includes government fees which could among from two hundred fifty Hong Kong dollars.

Meanwhile, when you have already thought of acquiring a company that has already been created or was already established before your acquire it, this means for you to pick a name from a list provided to you. With regards to the list of company names we mentioned above which you can choose from, you need to know that these names are what we call as shelf company names, meaning that they are names of companies that were never used. If you are going to register the name of the company you bought, it will only take a short time in comparison to the time you have to spent waiting for your newly created company to be registered legally.

There is no question about why many people are trying to form their company in Hong Kong has long been known for being a city that offers economic environment that is very competitive.
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