Asia company formation

Hong Kong is the best place to incorporate a company

register company now

Asia company formation

Increasing confidentiality and minimizing taxes aren't the sole advantages of building a Limited Company in Asia. albeit tax effectiveness is the principal benefit that involves mind when an individual considers a company formation, the opportunities in Asia to significantly reduce business overheads and exposure to expansion is additionally a vital benefit.

Asia company formation opportunities are open within the following countries:

  • China
  • Hong Kong
  • Indonesia
  • Marshall Islands
  • The Republic of India
  • Samoa
  • Singapore
  • The United Arab Emirates

Other than that, you get tons of opportunities within the Asia company formation like the lower capital requirement, lower setup and maintenance costs, asset protection, and reduced administration. and therefore Hong Kong is the best place to start out the business.

Hong Kong may be a SAR, also referred to as the Special Administrative Region of the PRC, is within the People’s Republic of China. But Hong Kong may be a separate jurisdiction where its laws are different from China because it follows the British system, where there's a greater amount of freedom and therefore the tax laws are much simpler and easy. This attracts international companies to Hong Kong, for instance, Google and Facebook, whereas these are restricted in China. Hong Kong aims to draw in businesses from everywhere around the planet, especially in the case of the SMEs, also referred to as Small and Medium Enterprises.

That is why, if a person wishes to launch a business in Asia, the initial location to register the company, and therefore Hong Kong is the most comfortable place from where you will manage it. Its well-developed commercial network that features a mature system for e-registration and incorporation is an international leader.

A person can obtain numerous advantages of a Hong Kong company by incorporating with the subsequent businesses:

  • Holding intellectual property(trademark)
  • Consultant
  • Real estate ownership
  • Trading
  • As a holding company
  • E-Commerce
  • Any kind of international business

For registering a limited company in Hong Kong special administrative region, the entrepreneurs are required to have Article of Association, company’s name, copies of directors’ and shareholders’ passport, physical address, business structure, and a company secretary.

“Secretary” refers to a corporate secretary, which is a professional agency responsible for compliance and statutory requirements of the company. Also, a sole director or shareholder of the company cannot act as a company secretary, and therefore it becomes really essential to appoint one. They can represent the company for government filings, and requirements in the compliance for good standing of the company.

The legal duties of a company secretary include:

  • Incorporation of companies in Hong Kong
  • Acting as a provisional company secretary as required by HK company laws.
  • Provision of registered office address for the receipt of government mail.
  • Preparation and filing of annual return
  • Attending to issue and transfer of shares
  • Attending the appointment and resignation of directors
  • Attending to deregistration of companies
  • Monitoring changes in relevant legislation and the regulatory environment.
  • Cooperate with lawyers and auditors
  • Preparing agendas and taking minutes of board meetings and annual general meetings.
  • Attending other statutory corporate compliance issues.

 

Our company will handle all the duties as mentioned above of a company secretary by acting as your local company secretary and registered agent.

Our company provides specialized secretarial services to our clients. Our aim is to minimize uncertainties and answer the doubts of our clients when coming across related laws, and evaluating if the company strategy is a meeting with the statutory requirements of the jurisdiction. We also provide information for the most up-to-date corporate laws and regulations and conducting analysis upon the impacts faced by the company.

Our unique SameDay system checks your information as and when you enter it in the form. Our system then automatically conveys your data to the Companies Registry forms, and then are directly submitted to the appropriate government portal.

Our rates are among the lowest because our system is simply the most efficient, and the communication with our international clients is clear, straightforward, and reliable. But our efficiencies go well beyond our offices. Quick and clean filings leave you more time for your own business, free of anxiety or stress. We handle the bureaucracy so you can handle your firm.

  • Annual return must be filed within 42 days of the anniversary of the initial registration date.
  • Notification about due dates for each entity (e.g. Annual return)
  • Avoid paying late fees with our system for tracking due dates for all your companies. Our exclusive SameDay system can incorporate your company in hours, and 100% online.
  • Inland Revenue Department (IRD) tax filing for newly incorporated companies falls due 18 months after the incorporation date. Thereafter, the tax authority notifies companies every April 1, who must then file within 30 days.
  • The initial annual audit must be filed within 18 months after the incorporation date.
  • An Annual General Meeting (AGM) must be held within 18 months of incorporation, at a time and place the directors announce.
  • The Business Registration Certificate must be renewed one to three years post-incorporation, depending on the Certificate issued. Renewal must be one month before expiration.
  • We will remind you of this requirement by email 1-2 months before the due date.

Company secretaries are the easiest and most efficient manner which ensures that your business complies with the laws. And enables the directors to concentrate on pursuing the company’s strategic aims, which is to appoint an experienced company secretary to manage the compliance matters.

A company secretary ensures that you comply with all the laws which relate to the working of a company. Therefore, it is necessary for him to have knowledge about the corporate laws and the rules related to it are mandatory to keep the company in good standing with the government. Having a company secretary which constantly files late returns and does not inform you of necessary government filings, or when you receive important documents. It can cause unnecessary strain or delay for the operation of your business.

On the request form, you can appoint us as your company secretary. We can also handle the entire post-incorporation process and necessary documents. If you wish to file the paper documents yourself and just need a company secretary to meet the compliances, select accordingly on the order form.

If you are unhappy with your current Company Secretary, you can transfer your current company secretary to that of our company. Once we check the current position of your company, we will inform you about the required documents needed to get your company up-to-date.

This is a simple process as stated below:

  • Request our status as your company secretary online.
  • We plan and sign for changing your recorded company secretary. As a company director or secretary, you sign the change in the secretary notification form.
  • You can sign and mail us the hardcopy of the form which we will document upon receipt. And, we can also change the recorded secretary online through the Companies Registry.
  • We can then proceed with the change of the company secretary.

We have low fees for the change of company secretary. The breakdown of fees is stated below:

  • Registered Address USD 0 (Free of Charge)
  • Future Perfect Global as an Agent/Company Secretary $ 225 USD/1 Year
  • Annual Return and e-Certificate 2018 USD 105 (Gov. Fees of USD 25 Included)
  • AGM 2018 $ 60 USD
  • Total: $ 390 USD

Our current clients can choose to renew their services with us and continue their business registration. At the time of renewal of registration, we will automatically inform you via an email 6 weeks before the end of your registration period. It is necessary to be on time with the renewal process to avoid late fees

After your company renewal, we will also automatically renew the business registration certificate, file the annual return, and prepare the annual general meeting of the directors, so you don’t need to worry about these. This will update the government records of the company particulars, and we will forward you a copy for your records. We will also renew the registered address for the company.

At this time if you are using our business address and mail forwarding, you can also renew our services, and make the payment for this altogether. This may be easier for you to keep track of all the necessary filings around your end date. If you choose to add further services for your company, you can inquire about these or order them online through our system.

Our company gladly serves you as a trusted company secretary with many years of experience in the field of company formation and secretary services. Our staff strives to provide high-quality one-stop services for all your company needs.