setting up an insurance company in hong kong
TRANSCRIPT
Setting Up an Insurance Company in Hong Kong
A presentation brought to you byOpenCompanyHongKong.com
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The Insurance Industryin Hong Kong
• Hong Kong has a strong insurance market that is well developed and represented.
• The city is an international business centre and many international insurance companies have set-up offices here.
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The Hong Kong Insurance Market
• Hong Kong insurance companies provide a number of services. Long-term insurance, general insurance or composite insurance.
• Insurance agents and brokers also operate in Hong Kong as intermediaries.
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The Insurance Authority in Hong Kong
• Hong Kong insurance companies, as well as brokers and agents need to perform all business activities under a special license.
• The Hong Kong insurance Authority issues the necessary permits and licenses.
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Permits for Insurance Companies in Hong Kong
• Companies that want to apply for an insurance authorization must have a minimum capital, meet a certain solvency margin and choose between being a general business insurer or a long term business insurer.
• Our company formation experts in Hong Kong can help you apply for the needed authorization.
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Options for Foreign Insurance Companies in Hong Kong
• As a major business and insurance centre Hong Kong attracts a large number of overseas insurance companies.
• International corporations that activate in the field can open a branch or a subsidiary in Hong Kong.
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Company Set-Up in Hong Kong
• Hong Kong welcomes foreign investments and the company set-up process is straightforward for all types of investors.
• The first step is to choose an available business name and prepare the company documents.
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Company Registration in Hong Kong
• All companies in Hong Kong are registered with the Companies Registry.
• If all the documents are in order, the company registration process is simple.
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Types of Companies in Hong Kong
• Several types of companies are available for registration in Hong Kong and insurance companies can set-up the one that is most convenient.
• The limited liability company is a popular business choice among investors.
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Counselling for Company Formation in Hong Kong
• Our experts can give you more information about the requirements for insurance companies, brokers and agents in Hong Kong.
• Contact our company formation specialists in Hong Kong for detailed answers.
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