Registration of Hong Kong company conditions

In accordance with the mainland and Hongkong’s comprehensive avoidance of double taxation arrangements, the form for the application of the Hongkong resident identity certificate has been amended since November 1, 2015 and has come into effect since 2015.

Due to the cumbersome registration and maintenance of overseas companies and the low maintenance costs, the registration of offshore companies has formed a trend. However, in recent years, as registered Hong Kong companies have continued to climb, more and more people have tasted the benefits of Hong Kong companies. Some illegal elements have used the convenience of Hong Kong company accounts to make illegal collections. In this regard, Hong Kong banks are increasingly strict in opening accounts, and the threshold for opening accounts is constantly improving, so the account is becoming more and more difficult to open. However, as long as your company is a regular and legal business, according to the bank’s requirements to bring relevant information, the success rate of opening an account is relatively high.

Most people who are registered in Hong Kong are concerned about the costs and benefits. As for the problems of subsequent management, they are not very familiar with. Of course, everyone is also very concerned about the company’s later operation management and maintenance costs.

The specific work of the Hong Kong company’s annual review includes the replacement of the business registration certificate and the submission of the annual return.