If you are planning to run a business in Hong-Kong it is very important for you to register the company first. As it is one of the most important things that has to be done before running a particular business. There are basically two steps that are a must for you to take before HK company registry.
The first step:
Decide the type and Name of the company:
Make sure that you are choosing the right type of company that actually suits your business requirements.
The company that is limited by the shares, under this the liability of the members that are limited by the articles of associations to the amount that is unpaid on the shares that are respectively held by them.
Then choose the name of the company:
Make sure that you are choosing the name of the company that does not match with the name of the any other company. In this case, certain legal actions can be taken against you if you are caught doing this and along with this, you will be charged with the huge fines as well. Make sure that you create a unique name for your business in order to run the business smoothly.
You are requested to deliver all your documentation along with the correct fees either electronically or through the mobile application or through hard copy.
It is true, that incorporate company in Singapore is not a difficult task. You can easily incorporate a company in Singapore within a span of one day. But there are some cases under which it may take up to the span of 14 days or even up to two months as there incorporating application needs to be judged by another government agency for the approval process as per the rules and regulations of the referral authorities.
However, on the other hand, there are chances when the registrar may refuse to register a particular company that is actually filed by a particular person under the Companies Act, where the expected company is likely to be:
If the company is actually used for unlawful purposes.
If the company is completely opposite to the national security or interest.
If the company is working against the public peace, welfare or the good order in Singapore.
There is no doubt, that the person can actually appeal to the minister, but the appeal should be made within the particular period of 30 days of the decision of the registrar. Make sure that you follow all the legal rules and regulation in this process.