When an individual decides to incorporate a limited company, they will easily enjoy the advantages and deductions of taxes in Hong Kong. The limited business name in Hong Kong also gives you the advantage of a trade agreement with China.
To initiate a corporation in Hong Kong, the primary step is to come up with a business name that's right and acceptable. Here you'd determine the way to look for the name and choose the suitable name as per the business name restrictions in Hong Kong.
With the Hong Kong name search option available on our company’s website, you'll easily find if the corporation name that you simply want is already in use or is close to being registered. during this case, you're not allowed to use the company name that's similar or that's close to being employed by another company.
The business name in Hong Kong is often either in Traditional Chinese, English or both languages, but the name cannot have a mixture of English and Chinese characters in one word. Another stipulation is that the company’s name has got to end with the word “Limited” which may be in English or its equivalent within the Chinese language.
To find out if the particular name is in use, you would like to place the complete and exact name within the Hong Kong name search field on the web site to urge the proper outcome. This includes any punctuation marks, spaces, and even the ending terms like the “Company,” “有限公司,” “Limited,” “公司,” “Company Limited,” etc.
Make sure that the name you're checking out within the Hong Kong name search doesn't contain words of the other language or isn’t in simplified Chinese characters. this is able to end in an incorrect search outcome where you'd get the result as “no matching record found.” And this is able to eventually cause the disapproval of the corporate name when sent to the Company Registry.
The confirmed name for the registration of a corporation is confirmed only after the Company Registry has processed the documents within the application. The applicant also must look for trademarks at http://ipsearch.ipd.gov.hk/ which is the property Department’s Online Search System before selecting the name of the company to avoid the risks of trademark infringement.
Even though deciding a company’s name might sound sort of a small matter, it's actually crucial for each business. As mentioned above, you can't use the company name that's within the process of being registered or is already registered and this will be checked on the search field available within our website.
Here are a number of the most rules that require to be followed when choosing the business name in Hong Kong:
A company name can't be used if it's within the process of being registered or is already registered. Determine if the name is getting used by the Hong Kong name search on our website. It can't be almost like the other company’s name also.
A business name that will give the impression that it's linked to any government depart just like the Central People’s Government or the government of the Hong Kong Special Administrative Region or the other agency directly connected with the Hong Kong government is strictly prohibited.
The name would only be allowed if the company is genuinely connected with the government and therefore the verification has been finished. the utilization of words just like the “Authority”(委員會), “Council”(議會), “Federation”(聯邦), “Bureau”(局), “Commission”(公署), “Government”(政府), or “Department”(部門), would imply as a reference to the government and wouldn't be approved normally.
As mentioned above also, the corporate name has got to be either in Traditional Chinese or English, without combining the languages together.
The name has to end with a “Limited” or the Chinese equivalent, but the abbreviation of “Ltd” isn't allowed for the official business name in Hong Kong.
As per the Hong Kong Registrar, if the name is offensive or its use constitutes a criminal offense or is contrary to the interests of the general public, it can't be used. Also, there are some specified words that aren't permitted when naming a corporation in Hong Kong. The samples of many are shared within the following sections.
In case the name of the corporate remains an equivalent after the Registrar has put a direction for a reputation change, it might be disapproved. This is often a regulation as per the corporate Ordinances and therefore the Registrar, where you'd need to then start the method everywhere again.
The final approval is confirmed only the Hong Kong government has no objections to the name of the business. But before this, the Registrar’s approval is mandatory as mentioned above where the noted points need to be kept in mind also.
Avoid using the name for a corporation that's said to be “too alike” to a different company’s name. to elucidate this further – if a corporation name, as per the Registrar’s Index of Company Names, is claimed to be a bit like another name, or if the Registrar gets a writ for restricting a corporation from employing a name or a neighborhood of the name of the corporate , the Registrar would issue the change of name direction against the business.
If the company doesn't suit the direction, it may result in the prosecution of the business or/and the officers responsible. there's a maximum fine of $100,000 alongside a daily default fine of $2000 for continuing default.
There are situations where the Registrar also can change the name of the corporate with the corporate license number. Stricter regulations are put in situ for the business names in Hong Kong thanks to the past incorporated companies that have similar registered trademarks or well-known brand names.
These companies are referred to as the “Shadow Companies” that wrongfully pose themselves as delegates of the owners of logos or brand names. then that this problem is satisfactorily addressed, the Registrar has been and would happily continue the subsequent actions for an equivalent cases:
Furthermore, it must even be noted that if the name that's adopted violates the property rights of any third party, there could also be an action that's by that third party. Violation of the rights on the property of others can easily lure civil or criminal sanctions in any part of the planet and not only in Hong Kong .
Additionally, the Company Registry doesn't confer any property rights and trademark rights for the registration of a business name in Hong Kong . So, to remain on the safe side, the person must check to not name their company thereto to an identical company. We can assist you with this if you would like this as a service.
There are many name restrictions in Hong Kong that are required to be followed strictly. Most of the penalties are shared above and therefore the rules for the sort of names that might not be accepted. Here you'd find the samples of any unacceptable names for the Hong Kong business. the subsequent are some words or names that might get to prior approval of the businesses Registry:
Chamber of Commerce
In contemplating if two company names are alike, the Registrar would absorb all the circumstances and parts that suggest the similarity, due to which the confusion can occur. The factors would be the evidence of uncertainty, the notice of the names concerned for the general public , the character of the companies involved, etc.
As per the Registrar, the names of a corporation are often too alike if:
The names of places or any everyday use word wouldn't be categorized under this. The similar business descriptive elements, for instance, the utilization of 1 name of only a “weak” or general qualification like services, group, holding, international, etc. or maybe the words like staff agency or employment agency, press or printing, etc., wouldn't be considered sufficient distinction.