When it comes to overseas investments, Hong Kong is one name that pops up instantly. This is due to the fact that the country has a very welcoming setting of rules and policies that doesn’t give hard time to investors during their entry. Basically, incorporating a company in other countries sometimes becomes so tedious that investors have to back out in the middle. Even though they are able to get through the initial process, loads of other complexities arrive during the commencement, which gives a real hard time to the investors. However, when it comes to setting up an overseas company branch in Hong Kong, the situation is entirely different.

For foreign investment, there are two common formats according to which the overseas HK company formation can be carried out. They are:

·         Registration of the company’s branch, office, or representative body of the company

·         Incorporating a registered company in Hong Kong

There is no regulation of foreign corporations carrying out their operations in Hong Kong and whether to go for a branch or register a new company is a decision solely based on the investor.

The HK company formation process

First of all, the foreign investor needs to apply for a visa at the Immigration Department for Visas at the local embassy of the People’s Republic of China. Only after the visa has been applied, the investor will be allowed to commence the rest of the business proceedings.

Next comes the registration of the Non-Hong Kong Company at the Companies Registrar of Hong Kong. For Non-Hong Kong company incorporation, it is a must to register the business first and then the company.

In order to establish a branch in Hong Kong for the limited company formation, the investor has to apply for registration within one month of the establishment of the branch. Along with that, the following documents are required to be submitted:

·         A NNI Form that will include details such as the company’s name and address, details of the directors and shareholders, principal place of the business, company secretary details, representation of the Hong Kong branch.

·         Certified copy of the company incorporation certificate

·         Certified copy of the company’s recent financial statements  and latest published accounts

·         Certified copy of the instruments that will define the company’s existence and constitution

·         Notice to the business registration office

In order to incorporate HK Company, the foreign investor has to take care of all the aforementioned processes in the right way. The process is highly simple and you can easily start your overseas corporation service company in a very less time.

It is advisable to take care of business consulting firms. They have been in the industry for a long time and can be of great help when it comes to registering the business name or trademark. They are of high help in various areas of business incorporation and you can save a huge amount of time and money if you are able to find the right firm.