establish a subsidiary in hong kong
TRANSCRIPT
Establish a Subsidiary in Hong KongA presentation brought to you by ourcompany formation specialists in Hong Kong
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Why Choose to Open a Subsidiary in Hong Kong >>
• The subsidiary is a good choice for foreign companies that want to establish their presence on the Hong Kong market.
• This form of legal entity is distinct from the mother company abroad and can carry on its activities.
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>> Why Choose to Open a Subsidiary in Hong Kong
• Unlike the branch or the representative office, the subsidiary can perform all of the activities carried out by the foreign company without relying on it in any way.
• This is an advantage for foreign corporations that need to do business in Hong Kong but do not want to bear the liability for their counterpart in the city.
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The Characteristics of a Hong Kong Subsidiary
• The main characteristic that differentiates a subsidiary from a branch is that the first one is incorporated as a completely separate legal entity.
• Any liabilities incurred by the subsidiary in Hong Kong will not extend to the mother company abroad.
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The Advantages of a Subsidiary in Hong Kong
• The subsidiary is an extension of a foreign company but it does not have to mirror it perfectly.
• It can have a different name, if approved by the Companies Registry and It can also develop additional activities in Hong Kong.
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Incorporation of a Subsidiary in Hong Kong • The private limited liability company is a
popular choice among investors who want to set up a subsidiary or open a company in Hong Kong.
• This business type offers limited liability to its shareholders, to the extent of their contributions to the capital. Because it is not publicly listed, it must observe less stringent accounting and reporting requirements.
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Requirements for Subsidiaries in Hong Kong
• The basic requirements for opening a subsidiary in Hong Kong include:
at least one director; at least one shareholder and a maximum of 50; local registered address; a company secretary who is a
Hong Kong resident; appointed auditor.
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Subsidiary Registration in Hong Kong• In order to register a subsidiary in Hong Kong
the following documents must be submitted to the Companies Registry:
incorporation form, duly signed and completed; Memorandum and Articles of Association for
the subsidiary; the parent company’s Memorandum and Articles of
Association and Certificate of Incorporation; identification documents for the appointed
company officers.
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Other Business Options for Foreign Investors in Hong Kong• Foreign investors in Hong Kong also have other
business options when choosing to extend their activities in the city.
• The branch is easier to incorporate and less costly than the subsidiary but the parent company abroad will be fully liable for its actions.
• The representative office is another option for establishing your business presence on the market, however this structure cannot develop commercial activities in Hong Kong.
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Legal Assistance for Company Formation in Hong Kong
• Our company registration experts in Hong Kong can help you register a subsidiary with the Companies Registry and the Inland revenue Department.
• We can also assist you with other company related matters in Hong Kong.
Thank You for Your Attention!
For more information please contact us at:
(+44)203-287 0408 (for international clients)
http://www.opencompanyhongkong.com/ 11