The Chief Executive of the Hong Kong Special Administrative Region, Mrs Carrie Lam, said at a business luncheon on the 31st that the Hong Kong economy is facing challenges from external pressures and internal conditions. However, Hong Kong's institutional advantages and core competitiveness as a global financial centre have not been lost. At present, there are still advantages in registering a Hong Kong company. After registering a Hong Kong company, what matters need to be paid attention to when the nature of the business of Hong Kong companies changes?
What is the nature of Hong Kong company business
Under normal circumstances, Hong Kong companies do not have too many restrictions on the scope of business and the nature of their business. As long as they are legal, most commercial activities can be carried out, such as electronic and electrical accessories, research and development, production, sales, international trade, finance, health care, Shipping and so on. The easing policy provided by the Hong Kong Companies Registration Ordinance has been favored by many investors.
Hong Kong company's business scope considerations
1 Hong Kong companies can operate across industries, and can directly write business names, trades or production when filling out the nature of the business.
2 If the business scope of the Hong Kong company registration certificate is written, it means that the business activities of the company are limited to products or services within the scope of business.
3 The nature of the business of the Hong Kong company is not related to the company name, bank account opening, annual review fees and registered capital.
4 The new rules of the Hong Kong Inland Revenue Department. For Hong Kong companies that already operate, it is mandatory to add a “business nature” (that is, a business scope) to the business registration certificate, that is, if the “CORP” is displayed, the business needs to be added. Nature (business scope), and can not exceed 30 words, including punctuation, the new rules are mandatory, so you must know your business scope when you register your company, you should write it truthfully, once you find it is not added , the court directly announced the subpoena to impose a fine on the company.
How to change the business scope of Hong Kong companies
After many companies have registered in Hong Kong, they need to change the nature of the company's business due to changes in the company's strategic deployment or personnel changes. The changes in the nature of the business of Hong Kong companies include: changes in the nature of the business, changes in the company's memorandum and organization rules, and updates to the company's major records. Changes in the business scope of Hong Kong companies are generally handled by the secretary company, which can be completed in 3 working days.
Information to be provided:
1 copy of the business registration certificate;
2 copy of the registration certificate;
3 company charter;
4 Set up a copy of the company's complete set of documents;
5 copy of the stock change, capital increase, and renamed documents;
6 copy of the ID card or passport of the shareholder or director;
7 Personally sign the statutory documents for the change of the address of the Hong Kong company;
8 company record book;
The time required to change the nature of the business of a Hong Kong company is 2-3 business days.