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Hong Kong companies to increase the registered capital to be careful!

Released Date: Jan 29,2022 Article Source: HUANZE

Many domestic entrepreneurs set up Hong Kong companies in Hong Kong to do international business operations. For example, some Hong Kong companies specialize in providing fluid equipment for domestic customers. This business often involves project investors requiring Hong Kong companies to participate in the bidding. In many domestic projects, bidders tend to value the registered capital of suppliers, which requires Hong Kong companies to have relatively large registered capital.

Many domestic entrepreneurs set up in Hong KongHong Kong companyTo do international business operations. For example, some Hong Kong companies specialize in providing fluid equipment for domestic customers. This business often involves project investors requiring Hong Kong companies to participate in the bidding. In many domestic projects, bidders tend to value the registered capital of suppliers, which requires Hong Kong companies to have relatively large registered capital. The registered capital of a Hong Kong company is usually HK $10,000. If the project side requires the registered capital to reach the corresponding amount in order to obtain the bidding qualification, this timeHong Kong companyIt is necessary to increase the registered capital through the procedure to improve its registered capital.

Hong Kong companyThe process of increasing registered capital is relatively simple. It only needs to fill in the Share Allotment Declaration Form and submit it to the Hong Kong Company Registry after the director signs it. The capital increase procedure can be completed after receiving the receipt from the Hong Kong Company Registry5-7A working day. Hong Kong's companies law does not require that registered capital actually be in place, and the government has abolished stamp duty on capital increases.

In general,Hong Kong companyIncreasing registered capital is relatively simple. However, enterprises should consider whether to increase the registered capital according to the actual needs, and how much. Because once the capital increase, want to reduce the registered capital in the future will go through a more complex process to complete.

Hong Kong companies to increase the registered capital to be careful!

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