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. As what we have mentioned, there are two choices that you can vie for when doing Hong Kong company formation and the first of the two options can be associated to starting a company from scratch or from the very beginning. Then, the other approach or the other choice that we have here is related to buying a company that has been created already or has been in existence for a very long period of time.
If you have decided to go with the first approach which is to start your own company or business from nothing, there are some important factors that you have to take into account here such as the fact that you have to look for the name of your 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. There is also a need for you to get a business registration license as it is required when you are getting your company registered. Talking about business registration license, this is actually a kind of license where it typically includes government fees that can amount up to two hundred fifty Hong Kong dollars.
On the other hand, if you want to buy a company that has already been established or been in existence for a long period of time already, when selecting a name, you have to choose from a list that is given. 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 you are going to register the name of the company you bought, it will only take a short time in comparison to the time you have to spent waiting for your newly created company to be registered legally.
If you are wondering why it is best to try Hong Kong company formation, well, what we can tell you is that Hong Kong is known for being the kind of city that offers an economic environment that is very competitive.