Hong Kong is a popular destination for international visitors, but not everyone has the chance to visit! For those who want to establish a company in Hong Kong but don’t have the time or money to go there, it’s possible to setup Hong Kong company without visiting the country.
So, the answer to this question is yes, it is possible to register a business in Hong Kong without visiting the country. But before you jump on the prospect of registering your company with no physical presence in the city, you should know about all the pros and cons that come with it.
The government offers an online registration service for businesses that want to operate in Hong Kong. There are also certain international companies which can offer you their services so you can register your company remotely. You can find out more about how registering your company in Hong Kong without visiting the country is possible by reading this article. Whether or not you’re ready to invest in a business overseas, here are some things that have to be considered when registering your company online in Hong Kong.
Why Register a Business in Hong Kong Without Visiting the Country?
The digital era has made it easier than ever to do business with customers around the world. With the internet, we’re now able to communicate and do business with people in countries we may never have visited before.
One of these exciting benefits is that you can register a business in Hong Kong without visiting the country. You can create an LLC, register it as a foreign company and then communicate with your clients via email, Skype or other online methods.
This offers many advantages for those who want to establish a company in Hong Kong but don’t have the time or money to go there.
Registering your company remotely not only helps save on travel costs, but it also saves on time as well! The government of Hong Kong offers an online registration service through its Companies Registry that allows you to register your company from anywhere in the world.
How to Register a Business in Hong Kong Without Visiting the Country
There’s no need to make a trip if you can complete this process in less than an hour!
To register a company in Hong Kong, you don’t have to go there, you can register your Hong Kong business online if you don’t want to deal with the inconvenience of traveling there.
The trading name of your company is needed to register remotely. You can register your company on the internet or use an international agency to help you.
Registering your business remotely will take about an hour or so to complete.
This registration fee costs HK$688 (about $85) per entity or HK$1,320 (about $150) if you need both a trading name and company seal at once.
Hong Kong has made it easier than ever for foreigners to set up businesses there. Just make sure that your company will be able to conduct all necessary transactions in Hong Kong, and you can get started with these essential steps:
- Register your company with the Registry of Companies (RO)
- Apply for tax identification number (TIN)
- Apply for bank account
- Consider whether or not you need visas, work permits, or residency permits
- File form IR5(W) with Customs and Excise Department.