Talking about Hong Kong company formation, there are actually quite a number of important things that you have to know about such as the fact that there are two options that you can choose from, especially when you need to commence it. The first approach or the first option that is available for you to grab on has something to do with setting up new companies from the very beginning or from nothing. The other half of the two options of Hong Kong company formation that we have stated not too long ago involves purchasing or the buying of a company that was previously owned by a business individual or has already been in existence for quite some time now.
If you have decided to go with the first approach which is to start your own company or business from nothing, there are some important factors that you have to take into account here such as the fact that you have to look for the name of your company. Surely, because you have decided that you will have your own company out from nothingness, registering it may not be as easy and as fast as you think it will be as based on the data we have gathered, it usually take a much longer period of time to do so. There is also a need for you to get a business registration license as it is required when you are getting your company registered. Speaking of business registration license, one thing about it that you should know of is that it pertains to a kind of license where government fees amounting to two hundred fifty Hong Kong dollars are already included.
On the other hand, if you want to buy a company that has already been established or been in existence for a long period of time already, when selecting a name, you have to choose from a list that is given. When it comes to the list of names of companies, these are actually the names of companies in the past that were suggested, never used and kept in a shelf. 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.
If you are wondering why it is best to try Hong Kong company formation, well, what we can tell you is that Hong Kong is known for being the kind of city that offers an economic environment that is very competitive.