Jinetic.com/blog

(Note that this article is for those who want a company and a bank account)

The longer you stay in Hong Kong, the more incorporation choices you can have. While you can stay in Hong Kong for just one day to have a company and open a bank account, there will be more planning before you come here if you want to do that. The basic issues are that:

1. It takes about 10 days to incorporate a new company and make a company kit, and 2 days to transfer a shelf company
2. Most banks require the account applicants to show up personally at the banks

We have summarized the incorporation options based on staying duration as follow:

One Day:

• Tailor-made company
  • Must mail back signed documents to us
    • We must receive the signed documents two weeks before you come here
  • Must pay us 2 weeks before you come here
  • Must find a witness locally to sign the M&A (Memorandum and Articles of Association)
  • Need to make appointment with the bank in advance
• Pre-formed shelf company
  • Must mail back signed documents to us
    • We must receive the signed documents 3 days before you come here
  • Must pay us 3 days before you come here
  • No need to find a witness
  • Need to make appointment with the bank in advance

Three Days:

• Tailor-made company
  • Must mail back signed documents to us
    • We must receive the signed documents two weeks before you come here
  • Must pay us two weeks before you come here
  • Must find a witness locally to sign the M&A
  • Need to make appointment with the bank in advance
• Pre-formed shelf company
  • No need to mail back documents
  • May pay us in cash in our office
  • No need to find a witness
  • Need to make appointment with the bank in advance
  • On the first day you pay and sign the documents, on the third day you meet with the bank representative.

Two weeks, or you come back two weeks later

• Tailor-made company
  • No need to mail back documents
  • May pay us in our office
  • We will act as the witness
  • We can arrange meeting with the bank representative
• Pre-formed shelf company
  • There is no advantage to buy a shelf company unless you want an old company or you don’t want to create a name for the company.

Contact us if you have more questions.

This entry was posted on Thursday, January 17th, 2008 at 6:18 pm and is filed under English, Instructions. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.