Hong Kong is a popular destination to for incorporation of companies. This is because there is minimal red tape and quite easy. In addition, it is one of the biggest trading centers of the world. It can be ranked among the most liberal economies of the globe. There are some requirements that you need to meet in order to incorporate a company and firm. To start a Hong Kong corporation, you need at least one director and one shareholder. They both are not required to be residents of Hong Kong. However, the company’s secretary needs to have a residence in there. The corporation is required to have a registered office in the specified area.

A international Bank Corporation is required to have the word limited attached to the name. The Hong Kong government requires that the corporation have a business registration certificate. In order to get a certificate, the corporation must apply for a certificate of corporation from within the Inland Revenue departments.

To start a bank account in this residential area, you need some form of identification. You need to supply two proposed names and a photocopy of the certificate of the incorporation as well to the Inland Revenue department.

This process is quite simple and it guaranteed to take only three weeks to complete. An already formed corporation can be transferred to new owners in just two weeks. Corporations are guarded from banks as the government has kept measures to insure them. The banks are also allowed to transact in different currencies. In addition, This area is the home of world class banks. In addition, business can be transacted across board as the official language is English. These types of corporations are also known to offer convenient secrecy laws.