Predicated on an agreement signed by China and the UK on 19 December 1984, this region became the Special Administrative Region (SAR) of China on 1 July 1997. In this agreement, this rich territory will love a higher amount of autonomy in every matters except foreign and defense affairs for the following 50 years. And under China's "one country, two systems" formula, the chinese government has promised that China's socialist economic system will not be imposed on Hong Kong. Additionally it has got the advantaged location which is located in Eastern Asia, bordering the South China Sea and China, and convenient for trading.

The region is one of the world's most crucial and efficient financial centers. Takeing the benefit of no exchange control, sound legal system, efficient transportation and huge communication networks company incorporation in Hong Kong, the business enterprise in Hong Kong are attractive for traders across the world. This area is ranked the freest economy in the world. Since then, how to register a company in Hong Kong?

By statute a Hong Kong company should have the next conditions to form. First of all, it must provide a new name of the corporation and take a look at if the name is available. Secondly, copies of ID cards or passports of shareholders are indispensable, and there must be a minimum of one adult shareholder. Thirdly, it's required for a company have the registered capital. If the fund is over 10000 HK Dollars, there is statutory requirement that the us government will levy 0.1% of stamp tax. Furthermore, the proportion of shares allocated should be confirmed among directors and shareholders. Last however not least, the company must fill in keeping contact information, including directors' and shareholders.

Besides, nowadays, an increasing number of people choose to entrust some reliable agents to achieve the company formation. And the process has essential steps below. First, both parties including the corporation and the agent should sign for an electric of attorney and an agreement. Second, the firm must prepay 50% of total charge to the agent. Then the agent will draw legal forms and information from Companies Registry and Inland Revenue Department, and constitute the articles of association of the company. Third, shareholders should autograph several legal documents and related information which need to be back to the agent subsequently. Later the agent will submit the above mentioned documents to CR and Inland Revenue Department to register. When the company formation is finished, the company will pay the others to the agent.