New Business/Company

To open a Business Registration Certificate is the cheapest and easiest

way to open a small company, it is about HKD 450 a year, and obtained

through the Inland Revenue Department at Revenue House Wanchai.

However, it will NOT be a limited company, and you do have liaibility

which means that your assets can be seized. Small cos./people usually

go this way.


Limited Liability Company - info. obtained from the IRD as above. One

has to have audited accounts each year, which costs approx. HKD l0,000

through an accountant. To purchase a shelf company is about HKD 5,000

which is already in existence, and can be obtained through your

Accountant, if he has one. If not, then you can make up a name

yourself, and as long as there is nothing the same/similar, you can

choose whatever you like. IRD website www.ird.gov.hk tel.no.

enquiries 187 8088 - 24 hr service


Also http://www.gov.hk/en/business/registration/businesscompany/ for further information.


Hope this helps,

CAB

Good advice CAB.


I would suggest just incorporating a new company as service providers will charge extra if you wanted to change the name of the shelf company. The shelf company name selection is usually a bit funny as well. The incorporation process is quite quick ( 4 days), so unless there is a bit urgency I would again suggest incorporating a new company.


The company I work for specializes in assisting clients with HK, China and offshore company incorporations (www.vistra.com), so please send me a message if you need any assistance or extra information.


All best,


K

The B.R. fee is changed from 1 Aug 2011, it's HK$2450/year. :)