When it comes to Hong Kong company formation, one very important fact that you should know is that, if you are going to start doing it, you actually have two options to choose from. The first of the two option that you can choose for involves the set5ing up of a company from complete nothingness or from scratch. The second of the two option that we have cited above has something to do with purchasing a company that has already been built or that has already been established.
For those of you out there who have already settled with the idea of setting up a company from the very beginning, bear in mind that just like any other things where you have to start from scratch, there are several essential factors that you must take into account, starting up with the name of the company. For sure, you already know that starting a business from scratch means you have to fit yourself inside a needle’s hole to get things done the right way and for you to achieve whatever goal you may have here and one of the challenges that you may face here is registering the name of your new company as more often than not, it will take a very long time and a thorough process before it will be approved. Before you start with everything about your company like the construction and all, there is a need for you to get permits, licenses and registrations so that everything will be legalized and authorized and speaking of which, one of the licenses that you need to have is the business license. Talking about business registration license, this is actually a kind of license where it typically includes government fees that can amount up to two hundred fifty Hong Kong dollars.
On the contrary of it, for those of you out there who may be considering the idea of buying a company who has been in the business for a very long time already, this could mean that you have to select a name from a given list. About the list, it has been said that it normally consists of company names that are in a shelf which have never been used in the past. If we are going to compare the processing time of registering a new start-up company with an already existing company which you acquired or you bought, the latter poses a short processing period than the first.
For those of you out there who are thinking why Hong Kong is a good place for a company formation or why try company formation in Hong Kong, well, that is due to the fact that Hong Kong is a city that is capable of offering a very competitive economic environment.