If you are a start-up company, then the practical business solution to follow when establishing your business is to use the services of a business centre as well as its address. Using the amenities featured by a business centre makes it possible to establish your company at an upscale professional address without the added costs involved in leasing a conventional office space.
Some of the Advantages Associated With a Shared Office Environment
A business centre address already is outfitted with the administrative staff and support you need to manage communications and mail handling. HR liability is eliminated as are the costs related to employee hiring. You also do not have to buy or lease any office furniture, a copier, or a fax machine as those items are provided in a shared office environment.
Incorporation and Registration
Enjoying these kinds of office amenities in a Grade A commercial building or high-rise is a cost efficient way for a start-up to do business. Business centre offerings feature assistance with accounting or trade registration as well as business advised for company formation Hong Kong incorporation and registration.
Save Money and Hassle by Relying on Expert Advice
Experts in these areas can assist you by answering your specific questions and helping you proceed with the necessary steps. They can also follow up after you are registered and incorporated by advising you when to file certain legal reports or documents With respect to business registration, you can save a lot of money and time, as well as headaches, by referring to a business centre for incorporation and registration of your company.
Registration and incorporation can take as little as a day or up to eight days for incorporation and registration. The process includes a company name search, making application for a certificate of incorporation (CI) and business registration certificate (BR). Depending on the kit offered, you typically will receive a Memorandum and Articles of Association, and a share certificate. After a business is registered in Hong Kong, the word “limited” will appear after its name.
Annual Reports Are Required
In Hong Kong, shareholders, company officers or directors can be natural or legal individuals. Any change in the company officers or directors must be filed at the company’s registry. Also, with respect to annual filing, it’s a legal mandate that an annual report is submitted each year.
Your Company’s Yearly Return
Mandatory documentation also includes a yearly audited statement of accounts. While filing a yearly tax return is not a requirement unless it is requested, you should still prepare the return to keep track of your business’s finances.
A Reliable Place to Get Started in Business
Needless to say, along with registering your business, establishing your start-up address at a business centre is the best way to gain the office support you need and enjoy a furnished facility at an affordable start-up cost. Experts and guides are always on hand to help you with your IT needs, accounting concerns and legal paperwork. By using a business centre, you don’t have to concern yourself with online sluggishness, computer maintenance, or keeping up with correspondence.