Why opt for shelf companies in Hong Kong

Why opt for shelf companies in Hong Kong

Compared to other regions, starting up a business in Hong Kong is a highly simple process. One of the areas that most people tend to deem as complex is business registration. Hong Kong Business Registration is actually simple and direct. Once you have all the required documentation, this is a highly simple and fast process. Though simple, it might take some time for all the necessary registration procedures to be completed. One of the simple ways to start a business in the region is by opting for shelf companies. Shelf companies are companies that already registered companies that are for sale. Once you buy the shelf company all you need to do is to change the ownership for the process to be complete. This is the fastest way opening and registering a business in Hong Kong.

What to know about shelf companies

Starting the registration from scratch consumes a lot of time. Shelf companies simplify this whole process since they are already made and registered. You can find these companies in a list provided by the Hong Kong registry of readymade companies. The registration procedure will only take place after the proper transfer of shares. One of the main advantages of this method apart from time saving is that you can be able to do this online. All other processes like changing the name are simple and direct.

It is however advisable to hire a business consultant in Hong Kong in order to make the process move in the proper manner. All features of opening a business in Hong Kong will be fast tracked once you opt for this method. For instance opening up a business bank account will be done immediately since you already have a registered company. It may be done in only two business days. New companies will have to wait for all the government documentation to be processed in order to open up a business bank account.

The best part about buying shelf companies is the fact that you will be able to buy a business in any category. The registry has several listed business in all the company categories available. This makes it easier to choose which business to opt for. It is important to ensure that you avoid scams at all costs. This is why it is necessary to choose a registered business consultant in order to receive the right form of advice. Always ensure that you buy the company from the government registry.