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 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.
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. 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. 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. 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 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. With regards to the list of company names we mentioned above which you can choose from, you need to know that these names are what we call as shelf company names, meaning that they are names of companies that were never used. 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.