Hong Kong streamlines company registration
Hong Kong’s Financial Services and Treasury Bureau (FSTB) has announced the launch of the
second phase of public consultation on the provisions of the Hong Kong Companies Bill as part
of its ongoing effort to...
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Hong Kong streamlines company registration
Hong Kong’s Financial Services and Treasury Bureau (FSTB) has announced the launch of the
second phase of public consultation on the provisions of the Hong Kong Companies Bill as part
of its ongoing effort to reform the Hong Kong company law.
In order to make Hong Kong company law more business-friendly, the government has
launched a comprehensive effort to rewrite the Companies Ordinance.
In this regard, the
Companies (Amendment) Bill 2010 and the Business Registration (Amendment) Bill 2010 were
gazetted in January 2010.
While the Companies Bill aims at enhancing company formation
in Hong Kong, the Business Registration Bill will help in implementing a one-stop service for
company incorporation (with the Companies Registry) and business registration (with the
Inland Revenue Department).
The new measures will help entrepreneurs with Hong Kong
company registration within one working day and simplify the regulatory regime for Hong Kong
compa
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