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Things You Should Know About Registering a Company in Hong Kong

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Hong Kong is a vibrant economy- anyone hearing about the favourable conditions in the region will consider opening a company here. However, registering a business isn’t as easy as going to the registrar and filling a form. Here are some things that you should know before incorporating a company in Hong Kong. Types of Companies in Hong Kong These are the types of companies in Hong Kong: Sole Proprietorship: A sole proprietorship is a one-person company. The owner is liable for all the debts and losses but will have the rights to every profit. Partnership: A partnership is similar to a sole proprietorship in Hong Kong, however, instead of a single person, multiple partners run the company. The maximum number of partners in a Hong Kong partnership is 20. Private Limited Company: The most common form of a private limited company is a company limited by shares.   Representative Office: A representative office is an office of a foreign company established in Hong Kong for...