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Starting a Business in Hong Kong
 
 
 

Limited Liability Company

Procedure 1. Choose a company name and obtain a business registration certificate

Time to complete:

4 days

Cost to complete:

HK$1,720 application fee + 0.1% of authorised share capital, capped at 30,000+ 2450

Comment:

A company name can be searched online free of charge at the Companies Registry. A certificate of incorporation will be issued upon the filing of an incorporation form (which has been revised since July 2008) and a copy of the memorandum and articles of association of the company with the Companies Registry. A new Incorporation Form (NC1) was introduced. It contained the comprehensive information on the address of registered office and particulars of the first secretary and the first directors of a company, will also enhance disclosure of essential information of a company upon incorporation. The document registration process was streamlined as therefore the new company will not be required to file separate notifications reporting on those particulars after incorporation.

Procedure 2. Sign up Employee Compensation Insurance and Mandatory Provident Fund (MPF) Schemes with a private company or a bank

Time to complete:

1 day

Cost to complete:

No charge

Comment:

Under the Employees’ Compensation Ordinance, an employer must possess a valid insurance policy to cover its employees (both full- and part-time) who are fatally injured or disabled due to accidents arising out of and during employment. In addition, all employees ages 18-65 and employed for 60 days or more under an employment contract (regardless of the number of work hours) must be covered by the Mandatory Provident Fund (MPF) Schemes Ordinance (except for persons exempted from the scheme) and be enrolled in an MPF scheme. The employer is also required to display the participation certificate issued by the Mandatory Provident Fund Authority at the work premises. The employer can arrange this insurance and the MPF scheme with any insurance company or bank in Hong Kong.

Procedure 3. Make a corporate seal and company rubber stamp

Time to complete:

1 day

Cost to complete:

HK$215

 

 
 

 


 


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