Successful Case Study of Hong Kong Company Setup

Successful Case Study of Hong Kong Company Setup

A promising tech startup from Europe was exploring options to expand into the Asian market. They identified Hong Kong as a top contender due to its strategic location and vibrant tech ecosystem. Seeking professional assistance, they approached Tetra Consultants for comprehensive business services. We facilitated the entire process, including to register company in Hong Kong, ensuring compliance with local regulations, and providing ongoing administrative support. Additionally, we assisted them with market entry strategies, securing the necessary permits, setting up a local office, and establishing banking relationships. Our support enabled the startup to seamlessly transition into the Hong Kong market, positioning them for success in the region. 

Initially, our experts explored various business structure options for the client’s expansion into Hong Kong, including private company limited by shares, partnership, and sole trader. The clients wanted to have the company structure with limited liability, greater access to capital, and an enhanced corporate image. Therefore, Tetra Consultants recommended private company limited by shares. Our experts guided them through the decision-making process and ensuring they understood the implications and advantages, ultimately supporting their business objectives and growth strategy in the competitive Hong Kong market. 

Next, we initiated the name reservation process for the company and provided assistance with international trademark registration to protect their brand globally. Following the successful name reservation, we ensured compliance with several essential requirements for establishing a private company limited by shares in Hong Kong: 

• The company must have at least one natural person as a director, with no legal maximum on the number of directors. 
• Shareholders can be individuals or corporations from any nationality, domicile, or residence, with a maximum of 50 shareholders (excluding employees). 
• The company must appoint a company secretary. If the company secretary is a natural person, they must ordinarily reside in Hong Kong. If the company has only one director, the sole director cannot also serve as the company secretary. 
• There is no minimum capital requirement for the company. 
• The registered office of the company must be located in Hong Kong. 

Furthermore, we assisted the client in preparing all necessary documentation, including the legal drafting of key documents such as the Incorporation Form (Form NNC1), Articles of Association, and the Notice to Business Registration Office (IRBR1). Our experts meticulously compiled and submitted these documents to the Companies Registry, efficiently completing the company registration process in just 1 week. 

Following the successful incorporation, we facilitated the corporate bank account opening. Leveraging our strong relationships with Fubon Bank and Hang Seng Bank, we ensured that the client received their bank account within 4 weeks of incorporation. This comprehensive support enabled the client to swiftly and smoothly establish their business operations in Hong Kong, positioning them for immediate engagement in the Asian market. 

Thus, Tetra Consultants provided comprehensive support to the European tech startup, enabling them to establish a fully operational company in Hong Kong with remarkable efficiency. Through our expert guidance, we navigated the complexities of the local regulatory environment, successfully completing the incorporation process within 1 week. Additionally, we expedited the opening of a corporate bank account, achieving this milestone within 4 weeks post-incorporation. 

Overall, within a total timeframe of just 5 weeks, we facilitated the setup of a fully operational company with a functional bank account. This swift and seamless transition allowed the startup to focus on their core business activities and strategic growth in the Asian market, positioning them for long-term success in Hong Kong’s dynamic tech ecosystem. 

Contact us to know more about how you can register company in Hong Kong and our team will revert back in 24 hours.