If you are ready to start doing business in the thriving economy of Hong Kong, it is vital that you apply for and obtain a Certificate of Incorporation. This important legal document will designate your company as a legal entity worthy of doing business in and through Hong Kong, and is necessary to help ensure that taxation and legal protections are present.
In this article, we will break down the basics of a Certificate of Incorporation, why your business should have one on file, and the best way you can obtain one with the help of a Company Secretary.
What You Will Learn:
1. What is a Certificate of Incorporation?
In short, a Certificate of Incorporation is a legal document that designates a company as a legal entity that can do business in Hong Kong and beyond.
A Certificate of Incorporation will allow your business to open company bank accounts, receive financial loans, and access the protections that businesses operating in the modern economy need. Without a Certificate of Incorporation, your company may risk running afoul of legal authorities and be unable to conduct business properly in Hong Kong.
2. What Does a Certificate of Incorporation Contain, & How Do I Obtain One?
When you start your business and are ready to begin conducting business, you will need to obtain a Certificate of Incorporation to ensure that your dealings are legal with the Hong Kong authority. To obtain a Certificate of Incorporation, you can obtain a digital or hard copy of the documents necessary to file.
The application itself will ask you to submit the company name, the purpose of the company, and the names of individuals who will be acting legally on behalf of the company. This gives the Hong Kong authority information on who is legally able to act on behalf of the company, as well as who is responsible for day-to-day operations of the business.
The Certificate of Incorporation will include all of the information you include on the application, as well as the necessary legal designation that ensure you can do business in Hong Kong. This document will also give guidance for how your business will operate moving forward as you begin working with clients and growing as a company.
3. What Is The Difference Between A Certificate Of Incorporation & A Business Registration Certificate?
Many business owners confuse the Certificate of Incorporation with a Business Registration Certificate. While both are legal documents that ensure you are operating legally in Hong Kong, there are differences that set both apart.
In general, the main difference between an incorporation and registration certificate comes down to legality and protection. When you file a Certificate of Incorporation, you are designating your company as a legal entity – with the rights and responsibilities that come with that designation. Business registration simply allows for you to conduct legal business, but may not protect the business entity if they are sued or approached with litigation.
4. How A Company Secretary Can Help In The Process Of Obtaining A Certificate of Incorporation?
While it is possible to obtain the necessary paperwork to file for a Certificate of Incorporation on your own, the process can be complex and require the skilled eye of a legal expert. If you want to ensure that you file properly and legally, hire the services of a Company Secretary.
A Company Secretary has the skills and experience necessary to work through the Hong Kong administration process to obtain the correct paperwork for a Certificate of Incorporation. They can also work with your business to ensure that you file all necessary papers accurately and quickly. Not only can this professional work directly with your administrative staff, but they will help you keep all policy and legal documents updated and accurate as your business grows.
Conduct Business In Confidence With Your Certificate of Incorporation
Ensuring that you have filed an accurate Certificate of Incorporation is one of several steps that you should take as you set forth to start your own business. Whether you are selling fantastic products or offering services that nobody else offers, taking the proper steps to ensure your corporate legality is essential.
Working closely with a skilled and licensed Company Secretary can help you obtain the necessary paperwork and file for your Certificate of Incorporation quickly and without hassle. Lean more by contacting a Company Secretary service today, and conduct your business in confidence with a Certificate of Incorporation and more.