Hong Kong company formation: Purchasing a Ready made company

Thu, Feb 19th 2015, 08:56

If you are willing to incorporate a new Hong Kong company, there are two ways of doing that. This is again based on the question of whether you want the company with your specific name or not.

If you are willing to incorporate a new Hong Kong company, there are two ways of doing that. This is again based on the question of whether you want the company with your specific name or not. A company with a specific name given by its owner is generally a private limited liability company. In other cases where name is not important and all you want is to begin your operations as soon as possible, then you can purchase a ready made company.

Ready made companies are the best choices if you cannot afford to wait for the incorporation of the new company. Also, known as ‘shelf’ company, they can be formulated in a span of mere 2 days.

Why purchasing readymade company is a good idea?

Shelf companies are already incorporated and they do not require further applying, document filing, or other related tasks of company formation. What actually happens is, a company is incorporated according to the specified process in Hong Kong and put on the shelf for sale. The company is completely formed under the legal boundaries of Hong Kong and is free of any kind of assets and liabilities. It is just a company whose paperwork is done that anybody can buy if interested in instant business operations.

Since these companies are several months or years old, they help in conveying the message of corporate longevity, which stakeholders find attractive.

Once you have registered a shelf company under your name, you are free to do any kind of changes you want, be it name, increase or decrease in the values of share capital, change in the address of the company, appointing a new director, shareholder, or company secretary, etc.

Registering the ready made company

Registration of ready made companies is a highly easy and simple task and can be easily completed within a week’s time. Firstly, you need to search in the ready made HK companies list and select a company. In the Companies House, you can find details of every other company formed within the boundaries of the country. You can thereafter apply for the registration of that company under your name. For this, you will have to apply to the Registrar of Hong Kong company formations.

People who go for ready made companies sometimes need it with urgency in order to meet various kinds of tasks such as, applying for a tender, grabbing a good business deal, etc. Also, note that the shelf company formation can be more expensive sometimes as compared to a new business formation.

Go for a ready made company if you want to establish your business in the lands of Hong Kong on an urgent basis. The country is trying to help its entrepreneurs in every plausible way so that they turn their dream into reality. There are various firms that can help in the formation of your business. With the help of these consultancies, your company selection and incorporation will be much easier. They have the required experience and expertise that will help you in the formation of your company.

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