Mon, Apr 13th 2015, 06:59
Business owners always look for a way to expand their business. Anybody who is serious about her/his business is interested in diversifying the product line and wants to extend the operating boundaries of the company.
Business owners always look for a way to expand their business. Anybody who is serious about her/his business is interested in diversifying the product line and wants to extend the operating boundaries of the company. This increases the market and brings in a lot of new customers, which is highly vital for the growth and development. If you are already popular with a product, the best way to expand your business is by creating branches in different regions. This will bring your company close to your customers and can also help in finding a whole new customer base.
When it comes to Hong Kong, having a branch of your successful company is a must. The country has a very favorable environment for business plus you don’t have to wait long to get the branch established. To establish a new branch of your company in Hong Kong, go for the following details:
· Introduction - A branch is the legal replica of an already established country and needs to be registered with the Hong Kong Company Registry. It is an extension of the parent company and that parent company is responsible for all the debts and liabilities of the branch as and when they occur.
· Requirements – A branch always requires an appointed professional who should be an individual or an accounting firm. A minimum amount of capital is also required.
· Name of the branch – Basically, the name of the branch is always same as the name of the parent company. However, if that name is already taken in Hong Kong, the Hong Kong company registry has every right to deny the availability. In that case, the owner can go for a new name.
· Establishment – Once established in its place of business in Hong Kong, the company must apply for registration within the period of one month. First the name is registered, then requires for branch office registration is made. If you have a trademark, you will need to apply for trademark registrations as well. In case the mark is taken, you can register a trade mark that is new and unique. Various documents and proofs will be required in the process. All the documents that will be used during the registration must be submitted in Chinese or English.
· Processing – The processing of the registration is generally two weeks if everything is in order. A fee also needs to be paid, which is very nominal.
Follow this process and you can easily get your branch established in the booming economy of Hong Kong. Take help of the business formation consultants who can give you more details of the business and branch details. You will definitely need their help while establishing your branch in Hong Kong. This is because, sometimes there will be so much to do and only these business consultants can help come out of the situation. Find the best business consultant and expand your business in any way you like.
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How to establish a new branch of your company in Hong Kong? reviews
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