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Establish a Branch in Hong Kong
A presentation brought to you by ourLawyers in Hong Kong
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Investing in Hong Kong
• Foreign business owners who want to expand their activities in Hong Kong have several options regarding the incorporation of their business entity.
• When deciding to establish a branch in Hong Kong entrepreneurs should know that its main characteristic is that this type of legal entity is dependent on the foreign parent company.
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What Is a Branch in Hong Kong?
• A branch in Hong Kong is a legal
entity registered at the Company Registry.
• Unlike the subsidiary, the branch is an extension of the parent company.
• Therefore, the foreign company is responsible for all and any debts and liabilities of the branch office located in Hong Kong.
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Key Facts about Branches in Hong Kong >>
• Any branch in Hong Kong must have
an appointed officer.
• The officer can be an individual or an accounting firm.
• Although no minimum capital is required for a branch in Hong Kong, it must have a place of business/office located here.
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>> Key Facts about Branches in Hong Kong
• The name of the branch is generally the same as the one of the parent company.
• However, if the name is already taken by another company in Hong Kong, the Companies Registry has the right to declare that the name is unavailable.
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Registering a Branch in Hong Kong >>
• Any branch in Hong Kong must be registered within one month after establishing its place of business here.
• The registration procedure has several steps and it begins with the approval of the company name.
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>> Registering a Branch in Hong Kong
• After the name is cleared, the branch must make an application for branch office registration at the Companies Registry.
• There are several documents required for the registration of a branch in Hong Kong.
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Required Documents for Registration in Honk Kong >>
• The documents requested for registering a branch in Hong Kong are:
details about the branch: registered address, local representative;
a certified copy of the parent company’s Memorandum and Articles of Association and a certified copy of its Certificate of Registration.
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a certified copy of the most recent accounts of the parent company;
identification documents for the person appointed as the local representative.
>> Required Documents for Registration in Honk Kong
• The documents requested for registering a branch in Hong Kong are:
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Other Aspects about the Necessary Documents in Hong Kong
• All the documents required for registering a branch in Hong Kong must be submitted in English or Chinese.
• The documents are submitted to the Companies Registry and a fee must also be paid.
• If everything is in order, the registration procedure should last approximately two weeks.
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Legal Assistance in Hong Kong
• Our company formation experts in Hong Kong can give you more details about other requirements for branches, like annual filing, notifications or public disclosure requirements.
• Please contact our experts if you have any questions about how to open a company in Hong Kong.
Thank you for your attention!
• Please contact us for more information at:
(+44)203-287 0408
http://www.opencompanyhongkong.com/
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