Should you have developed an interest in starting a company based in Hong Kong, we at Paul Hype Page & Co can be of service to you. All you have to do is contact our incorporation team and we will supply you with all of the knowledge and information which you might need for the purposes of setting up a company in Hong Kong. We will see to it that your Hong Kong company will begin its existence on the path towards much success.
Some who own a company based in one country may choose to undergo a redomiciliation procedure in order to relocate the company to another country. Redomiciliation can be defined as the official continuation of a company as a legal entity in another jurisdiction. A company which has undergone the process of redomiciliation may maintain the use of its current name, assets, and bank account. It may also maintain all of its existing business contacts. It does not force a company to change its tax residency. It should also be noted that certain banks do not recognize a redomiciled company as the same entity as what it had been in its prior country.
There are many procedures to be completed before a company may officially be regarded as one which has been redomiciled. Furthermore, a company may only redomicile to a new location if redomiciliation is permitted by both locations’ business laws and if there are certain similarities between the respective corporate legislations of both locations involved. Unfortunately, those who own a Hong Kong company ought to know that redomiciliation is not permitted there. Thus, a foreign company owner must first dissolve the foreign company if the owner’s intent is to re-establish the same company in Hong Kong.