Everybody who hears about operating business, good business environment, and huge potential that is Hong Kong, wants to exploit the huge potential. Well, look at it this way, Hong Kong is the gateway to mainland China where you can get access to very huge market, export products like electronics and make a lot of profits. But, hold on; first things first. To operate a business, you need to have a limited liability company. There are several methods of getting the company you want in Hong Kong. In this article on fact-checking: buy Hong Kong company with bank account, really?
If for some reason you want to register a business very fast, this is one of the options some people advocate for. Some people prefer the method because of the following reasons;
Over the years, Hong Kong administration has made company registration more stringent to ensure that shareholders are properly protected. While the outlined benefits might look attractive, the remaining part of transfer makes acquiring a company with a bank account more complex, tedious, longer, and therefore, no better than the common registration process.
To open a bank account fast and more efficiently, simply identify a good agency and provide all the necessary documentation. Additionally, the agency will help to fast track other documents such as articles of association, get you a secretary, physical address, and ensure the office is up and running for one full year. This is very helpful especially when you want to run business without having to go to Hong Kong many times.
While the main purpose of the agency is to help register limited liability Company, they provide a lot of useful information about keeping the cost as low as possible. For example, if your company will not be very active, you will be advised to share office and secretary services. Besides, they also organize for shared boardrooms, so that the cost of running the company remains as low as possible.
To get even better services from an agency, it is important to review past performance, clients’ feedbacks, and location of the business. From whichever angle you look at it, buying a company with a bank account is not as simple as it sounds. It is complicated, comes with huge risks, and is almost impossible to change the bank details of the previous shareholders.