Having a vast territory and well-developed manufacturing industry, in recent years China has continuously opened finance, service and trade industries, and significantly reduced the investment entry requirements of foreign enterprises in order to attract more foreign investments. Every businessman is eager to open a company in China and expand their business here. As China’s financial center, trade center and shipping center, Hong Kong has obviously become the first choice of city.
Why Serious Strike
At present, while no need to make paid-in registration capitals and provide bank credit certificates, foreign enterprises only have to set up filing in the regulatory authorities for easy company registration in HK. However, while the preocedure has become easier than ever, there are still many important considerations to be made when open your company in Hong Kong.
Serious Strike’s professional team provides assistance at each stage from finding a certified local office address, selecting the right legal entity and tax status to post-setup procedures such as opening bank accounts and obtaining special licenses. To speed things up, we pre-screen all documents and application details to ensure you can get on with your business certificate as quickly as possible.
Services & Pricing
Process
Step 1: Pre-registration preparation
Important: All businesses in China are required to designate a supervisor and responsible finance person certified by real name authentication. The supervisor and responsible finance person cannot also be the executive director or the legal representative. If required, Integra can act as your supervisor and designated finance person on the basis of a Know-Your-Client (KYC) relationship.
During the pre- registration, we will help you select a Chinese name for your new business as well as draft all the necessary documents necessary for the application. Documents required vary depending on the legal entity type and the shareholders involved. We pre-screen all documents and application details to ensure you can get on with your business as quickly as possible.
Step 2: Application Process
Registering a business happens in two phases. First, the business scope must be approved by the Ministry of Commerce and then the State Administration of Industry & Commerce issues the business license. From start to finish, registering a business in China takes roughly 5 weeks.
Note: Although the business is now registered, it cannot yet make or receive payment, hire employees, file its taxes, or issue VAT invoices (fapiaos).
Step 3: Post-registration procedures
Once the business license has been obtained, Integra will help you complete the following procedures:
Carving the company seal (aka. Chop / Chomp)
Opening company bank account
Registering with the tax authorities
Registering with the social security bureau
Registration with the customs authorities (if applicable)
Obtaining special licenses (if applicable)
Application for an Alien Employment Permit (if applicable)
In addition to business registration, completing all of the necessary procedure above takes between 2-6 weeks, depending on the tax registration status and other factors. Once completed, the business can commence its operations, including; hiring employees, making and receiving payments, issuing invoices, etc.
Note: Special licenses and Alien Employment Permit can take more than 6 weeks to obtain.
Step 4: Monthly, Quarterly and Annual Compliance
All businesses in China are required to meet monthly, quarterly, and annual compliance requirements, regardless of if they had any turnover. Integra Group provides flexible bookkeeping and compliance services to help you meet all your compliance requirements.
Being committed to achieving 100% customer satisfaction rating, Serious Strike’s experience and expertise in IP services are always highly appraised by our clients.
Difference Between Business Registration Certificate(BR) And Certificate Of Incorporation(CI)
BR is obtained via the Business Register under the Inland Revenue Department(IRD) of Hong Kong. It is a document that shows a company is valid and legally registered, It should be displayed at the company’s premises and be renewed every year.
As for CI, it is issued by Company Registry which includes information of registration number, certificate type, official company name and establishment date. However, only limited companies are issued with this certificate.
What You Get
HK company formation
Advertise unbranded credible business address as your own
All government fees included
Mail & Courier management
A multilingual professional team to delegate to
