Business setup in Hong Kong


Business setup in Hong Kong

Business setup in Hong Kong

Business setup in Hong Kong

The process for Business setup in Hong Kong center and registering it with the govt can vary betting on whether or not you’re fixing a sole proprietary, a partnership, or an organization. irrespective of what, however, your beginning is to go to the Business Registration workplace. Here you may fill out forms and pay a fee so as to urge a Business Registration Certificate. This certificate can then be valid for one year.
If square measure registering a sole-proprietorship (you are self-employed) or a partnership you Associate in Nursing or your partners can ought to submit identification – either a passport or an ID card – additionally to the specified forms.
Limited firms should register with the businesses register in Queen sway, wherever the mandatory registration work may be completed. For obvious reasons, the process amount for firms lasts longer than that of sole proprietorship or partnerships.
Sample registration forms for of these things may be found through the Hong Kong center IR Department.

See impotent article:

Company registration in Hong Kong

Depending on the character of your business, you will additionally need to envision to examine if you may need any special licenses or permits. the govt offers license info and application help through its Business License info Service.
Finally, since Hong Kong center is such a huge business center, you will need to think about buying a ¨shelf company¨ rather than beginning one from scratch. Shelf firm’s area unit firms that area unit organized and registered, nonetheless stay inactive. If you opt to pursue this arrangement, you may need {to doctor try to try Associate in Nursing do} thus with the assistance of an comptroller.
Acquiring capital
If you would like to require out a loan from a Hong Kong  center bank, you will be thwarted to be told that it may be terribly troublesome to urge start-up funds from Hong Kong  center money establishments. several banks solely lend against property collateral in Hong Kong center itself.
You should thus have a back-up arrange if you’re hoping on native banks to fund your start-up prices.
Taxes in Hong Kong center
Hong Kong has a number of all-time low tax rates within the world – and therefore the lowest in Asia. this implies that their unit varied deductions from that your business are ready to profit. a number of the foremost engaging deductions area unit prices paid toward the longer-term production of profit (e.g. the acquisition of machinery or computers). you may typically be ready to receive a full tax refund for these expenses.
Whether you’re freelance or the owner of an oversize company, you may in all probability need to consult a significant job firm once filing your tax returns. this may make sure that you’re ready to take most advantage of accessible tax deductions.
Government support
The government in Hong Kong center is incredibly adjunct of native businesses, whether or not fresh or long-established. This support has accrued since the tip of British management in 1997, as Hong Kong´s access to the big Chinese market has improved. The Trade and Development Council and therefore the Trade and Development Council Business Info Center area unit wonderful portals to government info and support.
A wealth of knowledge is additionally accessible through Invest Hong Kong center, another government sponsored organization.
As you are developing your business arrange, provide our web site on expat selling, sfconsultingbd.com a look. Our selling insights and techniques area unit meshed specifically toward expats, although several may be applied across industries.

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Setup a business in Dubai – Basic steps


Setup a business in Dubai

Setup a business in Dubai

Starting a business within the UAE mustn’t take you over a week once you have sorted all of your legal procedures. Company registration in Dubai procedures is same.

But before you begin your legal formalities, you wish to think about some parts needed within the process:

  1. variety of business

Your variety of business can verify the type of license you need. whether or not it’s industrial, skilled or industrial licenses, these can outline the idea of your operations. However, whereas choosing, bear in mind that sure activities equivalent to food mercantilism, jewelry trade, veterinary activities and legal practice need any approvals from alternative governmental departments.

The Department of Economic Development (DED) in Dubai incorporates a list of over 2100 activities you’ll be able to make a choice from. If you are unable to seek out your specific one in there, you’ll be able to contact the EdD. every country has its own laws and approval formalities.

  1. Ownership

As a remote national, if you would like a hundred per cent possession of your company, you wish to choose a license and site in one among the numerous free zones of the UAE. There ar specific varieties of activities that every country caters to and clarity within the beginning can assist you realize your best choice.

If you wish an area license or got to operate regionally, you have got to induce a license from the Department of Economic Development (DED). The EdD license comes with sure restrictions on share of possession for foreigners.

  1. Legal form

Depending on your location and kind of business, there ar rules concerning the make-up of your firm. let’s say, if you intend on a legal practice firm, this may be done solely as a branch of company or as a complete company. A sole man of affairs isn’t allowed to require up this activity. every country has its own restrictions concerning company structure and you’ll be able to look these au courants the official web site of the zone.

  1. Trade Name

Your brand name may be a vital a part of the legal procedure. the corporate name ought to ideally indicate the character of business, unless it’s a branch of another company. All the principles concerning trade names are often seen on the

  1. Share capital

Minimum share capital is typically taken off within the memo of Association of your projected company. In most cases, you are doing not got to pay minimum capital at the time of putting in place.

  1. Premises

Once you have got your legal procedures and forms able to go, it’d be best to grade some offices with prices and alternative details. this may mean a transparent path forward once you get your legal formalities out of the means. In free zones, you may get help to seek out premises appropriate to your demand alongside facilitate to line up electrode, internet, water and alternative amenities.

  1. Employees

In most legal sorts of the EdD, you wish to rent a manager to superintend operations and have him able to get on board before your registration is approved. however, in alternative cases, you’ll not be allowed to rent in any respect. let’s say, Intelex license holders (license for home-based Emirati business owners) aren’t allowed to rent workers, however will interact contractors. Details are often seen here. at no cost zones, every zone has its own specific laws concerning the structure of business.

  1. native support

For EdD licenses, it’s obligatory to own an area agent, partner or sponsor and this can be an excellent support for foreign nationals. at no cost zones, having an area contact will facilitate take the business forward effectively. However, this can be not obligatory and Dubai as a business destination boasts simple set-up for all businessmen no matter position.

Private limited company in Thailand-Register limited company


Private limited company in Thailand-Register limited company

Question: What Is a Thai limited Company?

A limited company, markedly a private Thailand limited company, is that the popular type of business structures in Thailand. Following Its two key options are:

  • The liability of the shareholders is proscribed to any quantity left unpaid on their shares
  • There may be a separation between house owners and management

Section 1096 of the Thai cardinal (Civil and industrial Code) has only if “A limited company is that sort of that is made with a capital divided into equal shares, and therefore the liability of the shareholders is limited to the quantity, if any, unpaid on the shares severally command by them.”

The incorporation of a private limited company requires:

  • A minimum of 3 promoters
  • At least one director
  • An auditor
  • A note of association
  • A statutory meeting
  • Registration of the incorporation papers

They must conjointly follow accounting procedures per the Civil and industrial code, the Revenue Code and therefore the Accounts Act. A record should be ready once a year and filed with the Department of Revenue and industrial Registration. additionally, corporations ar needed to withhold tax from the remuneration of all regular workers.

Brief Procedures To Register A Thai limited company

  • Reserve Your planned name
  • The Thai company name reservation ought to follow pointers of the Business Development geographical point at intervals the Ministry of Commerce amongst various tips.
  • File a note of Association
  • The attention of Association of the Thai limited company should to be filed with the relevant Thai authorities.
  • Convene a Statutory Meeting
  • The Thai company ought to convene a statutory meeting to make all the appointments.
  • Company Registration
  • To establish the Thai company, it’s to be registered with the Thai government.
  • VAT or SBT Registration
  • Depending on its business activities, a company might have to be compelled to be compelled to register for the value extra Tax or Specific Business Tax

Thai restricted corporations ar the foremost common type of business registration in Siam. we have a tendency to ar a full-service Thai house. Let our Thai lawyers or any of our foreign lawyers give you with steering once registering your limited company in Thailand.

Limited Company Registration Packages

Note: All packages ar exclusive of VAT and government fees. see here Thailand company registration cost.

S & F CONSULTING FIRM LIMITED__________
Email: thailand@sfconsultingbd.com
Address: 140 One Pacific Place, Sukhumvit Road, Klontoey District, Bangkok 10110
(Local contact number on request)

CALL US FOR MORE DETAILS
(Land-Line-Call: +60378860995), +601136901890, +6591333515

How to register a company in Nigeria


How to register a company in Nigeria

How to register a company in Nigeria

If anyone want o register their company in Nigeria we will provide them by our best consultant. see our article how to register a company in Nigeria and learn about basic company registration in Nigeria. To enroll/join an organization, you have to first realize what an organization is. An organization is a sort of corporate structure whereby the lawful status of the business is isolated from the proprietor/promoter of the business. The organization has something many refer to as ‘corporate identity’. There are various advantages to enrolling an organization and you can read up on some of them in this article – 7 Benefits of Incorporating a Company.

There are 2 kinds of organizations private and open organizations. In this article we may be worried about privately owned businesses. There are 3 kinds of privately owned businesses an organization restricted by shares, organization constrained by ensure, and a boundless organization. The greater part of organizations in Nigeria are privately owned businesses restricted by shares, in this manner in this article we will just manage privately owned businesses constrained by shares. The law that arrangements with the direction of organizations in Nigeria is the Company and Allied Matters Act (CAMA). It manages the different kinds of organization structures, qualification, process for enrollment/consolidation, and guidelines for task. The administrative body that is responsible for actualizing the arrangements of the CAMA is the Corporate Affairs Commission (CAC).

Stage 1 – NAME AVAILABILITY/RESERVATION

The initial step to enroll an organization in Nigeria is known as the name accessibility look. At this stage you need to see whether the name which you need to enlist your organization with is accessible and not as of now being used. There are 2 ways you can complete a hunt. You can complete a free open inquiry on the CAC site. The site has an open hunt apparatus here which you may use to complete an underlying free pursuit – http://publicsearch.cac.gov.ng/comsearch/

On the off chance that you lead this pursuit lastly choose what name you need to utilize and affirm that it isn’t being used by any other person, you would then be able to continue to formally direct an inquiry utilizing the CAC online entryway. The inquiry costs N500 (Five hundred naira) and if your name is accessible you can hold it for 60 days.

Note that when you are saving a name, you pick a name that is significantly interesting (you ought to have no less than 2 choices). You ought not utilize non specific names, as they will in all likelihood be taken as of now. Likewise you are confined from utilizing certain names –

  • Names that contain the words “Assembly of Commerce”, “Elected”, “National”, “Local”, “State”, “Government”, “Metropolitan” or “Contracted”, “Co‐operative” or the words “Building Society”; or “Gathering” or “Holding”
  • Names that in the assessment of the Commission is fit for deceiving with regards to the nature or degree of its exercises or is unfortunate, hostile or generally in spite of open strategy;
  • Names that in the assessment of the Commission would disregard any current trademark or business name enrolled in Nigeria unless the assent of the proprietor of the trademark or business name has been acquired.

Stage 2 – REGISTER THE DETAILS OF THE SHAREHOLDERS

Under Nigerian law, a privately owned business must have at least 2 individuals, and can just have a greatest of 50 individuals. The establishing individuals must not be – younger than 18 years of age (unless no less than 2 different individuals are beyond 18 a years old), unsound personality, an undischarged bankrupt, or precluded by CAMA from being a Director

The data which you should display incorporate – the name of the investors, private address, occupation, email address and cell phone number. You will likewise need to give a perceived personality record e.g. universal international ID, drivers permit, national personality card and so forth.

Stage 3 – PREPARE THE DOCUMENTATION

The archives required for the enlistment of an organization include:

  • Memorandum and Articles of Association
  • Notice of enrolled address of the business
  • List, particulars, and assent of the main Directors of the organization
  • Statement of consistence by legitimate professional

Under the new CAC process, people can get all the required documentation from the CAC gateway. Notwithstanding, please take note of that as for the Memorandum of Association and Articles of Association, the CAC entrance just gives layouts, and in this manner if your line of business is one which requires uncommon documentation, you ought to consider getting these drafted professionally by a legal counselor.

Stage 4 – PAYMENT, SUBMISSION AND PICK UP

When you make the applicable installments on the web (the sum relies upon the offer capital of your organization), you can transfer every one of the records and your accommodation is settled. After accommodation, the CAC will get in touch with you if there are any questions. On the off chance that there are no inquiries, the CAC will educate you once the enlistment is finished, and afterward you can go to their office to get your testament of fuse.

On the off chance that you need to discover more about the procedure for enlistment at the CAC, you may discover more on their site here – http://new.cac.gov.ng/home/online-enrollments/

POST-INCORPORATION OBLIGATIONS

When you are given your Certificate of Registration/Incorporation, there are sure things which you need to do, disappointment of which could include fines:

  • Registration for Companies Income Tax and Value Added Tax with the Federal Inland Revenue Service (FIRS)
  • Special Control Unit Against Money Laundering (SCUML) Registration (if appropriate)
  • Every organization in every year is to hold an Annual General Meeting (AGM)
  • Filing of yearly returns 42 days after AGM

WHAT NEXT?

We have made the ‘Business Start Up bundle’ for Nigerian agents and business visionaries genuine about setting up and developing their business professionally. The administration costs is 120,000 (One Hundred and Twenty Thousand naira) and this is what is incorporated:

  • Company enrollment at CAC (1 Million Naira share capital)
  • Tax Registration
  • SCUML Registration (if required)
  • Terms of Business for your Company
  • Shareholders/Founders Agreement
  • 2 months Free Legal Support

In the event that this is something you would be keen on, please tap on the catch beneath.

We hope you have got found this data useful. Please note that this data is provided for general informational functions solely and isn’t supposed to be legal recommendation. No lawyer-client relationship is made nor ought to any such relationship be silent. If you need legal recommendation, please seek advice from a professional professional person. If you wish help in contacting a professional person, you will send US AN email at contact@sfconsultingbd.com, and that we would be glad to match you with a professional person who meets your necessities.

Business setup in Thailand


A guide to beginning your own company -Business Setup in Thailand

Business Setup in Thailand

Business Setup in Thailand

Thailand’s continuous economic progress may be attributed to the presence of sufficient  infrastructure and an economical men, backed by sturdy support from the govt. If you’re in Thailand and would really like to begin your own business, it’s sensible to amass legal help from AN knowledgeable professional person to touch upon all the legalities entailed by this endeavor.

Setting up your own business in Thailand entails following sure legal precedents and will take many weeks. Take the burden out of this method by having a trustworthy  professional person communicate in your behalf. Having the most effective legal counsel assures that you just avoid any redundant oversight and delays.

Listed below for your reference are the various Business Structures, and also the steps necessary to forming a corporation.

Types of Business Structures – Business Setup in Thailand

PARTNERSHIP

Thai and Western ideas of partnership are loosely similar. Thailand provides for 3 general forms of partnerships: Unregistered standard partnerships, Registered standard partnerships and restricted partnerships.

LIMITED CORPORATION

There ar 2 forms of restricted corporations, i.e., personal or closely command corporations, and public corporations. the primary is ruled by the Civil and industrial Code, the second by the general public Company Act.

Private restricted corporations in Thailand have basic characteristics the same as those of Western firms. a personal Ld. is made through a method that ends up in the registration of a memoranda of Association (Articles of Incorporation) and Articles of Association (By-laws), as its organic documents.

A minimum of seven shareholders is needed the least bit times. a personal Ld. is also completely closely-held by aliens. However, in those activities reserved for Thai nationals, aliens’ participation is usually allowed up to a most of forty nine. The registration fee for a personal Ld. is five,500 tical per million tical of capital.

Public restricted corporations registered in Thailand could, subject to compliance with the prospectus, approval, and different needs, supply shares, debentures and warrants to the general public and will apply to possess their securities listed on the exchange of Thailand (SET).

A minimum of fifteen promoters is needed for the formation and registration of the memoranda of association of a public Ld., and also the promoters should hold their shares for a minimum of 2 years before they will be transferred. The Board of administrators of a public Ld. should have a minimum of 5 members, a minimum of half them ar Thai nationals. The registration fee is a pair of,000 tical per million tical of capital for a public Ld..

JOINT VENTURE

A venture is also delineated in accordance with general observe as a gaggle of persons (natural ANd/or juristic) going in an agreement so as to hold on a business along. it’s not nevertheless been recognized as a legal entity below the Civil and industrial Code. However, financial gain from the venture is subject to company taxation below the Revenue Code that classifies it as one entity.

REPRESENTATIVE OFFICE

A representative workplace is proscribed in partaking in non-profit activities. so as to make a representative workplace, a minimum of one in all the subsequent functions would want to be explore for the needs of restricted “non-trading” activities:

  • The business is to look for the supply of products or services in Thailand for the headquarters overseas
  • To check the standard and amount of the merchandise ordered by the headquarters overseas
  • To provide advices to the headquarters regarding the products to order
  • To provide the data of the headquarters’ merchandise to the shoppers in Thailand
  • To report the economic movement in Thailand to the headquarters

How to kind a corporation – Business Setup in Thailand

STEP 1: COMPANY NAME RESERVATION

The name to be reserved should not be a similar or near that of different corporations. sure names aren’t allowed and thus the name reservation tips of the Business Development workplace within the Ministry of Commerce ought to be discovered. The approved company name is valid for thirty days. No extension is allowed.

STEP 2: FILING OF MEMORAND OF ASSOCIATION

Memoranda of Association to be filed with the Business Development workplace should embody the name of the corporate that has been with success reserved, the province wherever the corporate are settled, its business objectives, the capital to be registered, and also the names of the seven promoters.

The capital info should embody the amount of shares and also the face value. At the formation step, the licensed capital, though partially paid, should all be issued. Although there are not any minimum capital needs, the quantity of the capital ought to be respectable enough and adequate for the supposed business operation.

STEP 3: CONVENE A STATUTORY MEETING

Once the share structure has been outlined, a statutory meeting is termed throughout that the articles of incorporation and bylaws are approved, the Board of administrators is no appointive and an auditor appointed. A minimum of twenty five % of the face value of every signed share should be paid.

STEP 4: REGISTRATION

Within 3 months of the date of the Statutory Meeting, the administrators should submit the appliance to determine the corporate. Company registration fees are five hundred tical per one hundred,000 tical of registered capital. The minimum fee is five,000 baht; the most is 250,000 baht.

STEP 5: TAX REGISTRATION

Businesses answerable for revenue enhancement should get a tax I.D. card and variety for the corporate from the Revenue Department among sixty days of incorporation or the beginning of operations. Business operators earning quite 600,000 tical each year should register for VAT among thirty days of the date they reach 600,000 tical in sales.

SPECIAL NOTE – Business Setup in Thailand

REPORTING NEEDS

Firms should keep books and follow accounting procedures laid out in the Civil and industrial Code, the Revenue Code and also the Accounts Act. Documents are also ready in any language, on condition that a Thai translation is hooked up. All accounting entries ought to be written in ink, written, or printed.

Specifically, Section 1206 of the Civil and industrial Code provides rules on the accounts that ought to be maintained as follows:

The directors should cause true accounts to be kept:

  • Of the sums received and gone by the corporate and of the matters in respect of that every receipt or expenditure takes place.
  • Of the assets and liabilities of the corporate.

Company registration Vietnam


Company registration Vietnam

At first confirm a company name, select a place what shall be use communication, MOA, papers attested those are government following rules, starting license, foreign trading permission for business starting.  company incorporation rules is very easy for foreigner. Because Vietnam company registration process….

business_in_Vietnam

Company registration Vietnam

Advantage to setting up business Vietnam 

For the last 30 years there was a gradual development within the financial system of Vietnam. In fact, in the closing couple of years, Vietnam has been attracting interests from foreign buyers from all around the world.

starting_business

Advantage of setting up business Vietnam

Foreign direct investment opportunity Vietnam 

<img src="image/fdi_Vietnam.jpg" alt="Foreign direct investment opportunity Vietnam"/>

Foreign direct investment opportunity Vietnam

Multiple business plan for Vietnam 

Multiple_business_plan

Multiple business plan for Vietnam

Company registration process in Hong Kong


Company registration process in Hong Kong

If you are planning on starting a new company in a foreign land then it is wise to start with a local limited company, in other words, incorporation or a private limited company.  And if you are planning on opening that company in Hong Kong then the procedure to start a private limited company is pretty straight forward and fast too…

business_Hong_Kong

Company registration process in Hong Kong

How to register a company in Hong Kong

HK_comapany_registration

How to register a business in Hong Kong

Private limited company registration Hong Kong

Hong_Kong_business

Private limited company registration Hong Kong

Branch office open Hong Kong

<img src="image/branch_office_open_HK.jpg" alt="Branch office open in Hong Kong"/>

Branch office open in Hong Kong