If you are considering of starting company formation in Hong Kong legally in 2025, this article is a gold mine for you.
Having a strategic location, pro-business policies, and a robust legal framework have made Hong Kong a hot destination for entrepreneurs and multinational companies in 2025. Opening an operation here opens one’s doors to countless opportunities within the vibrant market of Asia. However, it’s better to understand the legal forms you will be requiring in company formation before you start one.
Why Understanding Required Forms is Important
It has all to do with the right submissions. Knowing the right forms not only saves a lot of time but also fulfills the law requirements of a particular place in the world.
Common Forms for Registration of Hong Kong Company
NNC1/NNC1G Incorporation Form
It carries all the primary information about a company’s name, directors, shareholders, and its registered address.
Who Requires It: Any newly-formed organization seeking incorporation in Hong Kong has to fill this form.
What It Is: This is the constitution that provides rules and regulations governing a company’s internal affairs along with the governance structure.
How to Prepare: Employ standard templates found at Hong Kong’s Companies Registry or order professional help to draft a customized Articles of Association.
Business Registration Certificate or BRC
Why It is Required: The BRC is necessary for a company to begin operation in Hong Kong.
How to Apply: Submit an application to the Inland Revenue Department and notify them annually.
Special Forms for Particular Business Organizations
For Sole Proprietorship or Partnerships
Registration of Business Form: This is a form intended for sole proprietorships and partnerships, which includes the particulars of the business incorporation
Form ND2A: Notice of Alteration of Directors
Why It Matters: If the restructuring occurs in the formation stage, then changes will be registered through Form ND2A.
Step-by-Step Process to Submit the Forms
- Gather the following details, such as information about the company and directors/shareholders’ personal details.
- Complete and submit Form NNC1 or NNC1G with Articles of Association
- Application for the Business Registration Certificate by the Inland Revenue Department.
- File other forms, such as ND2A, where appropriate.
- The filing of incomplete information, use of obsolete forms, and failure to submit on time.
How Hong Kong Company Formation Services Can Assist
- Preparation and filing of the relevant forms.
- Conformity with Hong Kong regulations.
- Advice on selecting an appropriate business structure.
- Benefits: Convenience provided by professionals, minimal mistakes, and peace of mind for first-time entrepreneurs.
Cost Breakdown for Filing Forms in 2025
Form NNC1 or NNC1G: HKD 1,720.
Business Registration Certificate: HKD 2,000 (one-year certificate).
Additional forms: Fees may vary based on the document type.
Budgeting Tips: Allocate funds for mandatory fees and consider professional service charges for smoother processing.
Updates on Company Formation Requirements in 2025
Recent Changes: Enhanced digital filing options for faster processing. Stricter regulations on verifying shareholder and director identities.
Staying Compliant: Regularly check updates from the Companies Registry and seek expert advice.
Conclusion
The essential form comprises understanding and submitting the Incorporation Form, Articles of Association, and the Business Registration Certificate. If you find them complex while preparing company formation, simply contact FastLane HR for professional support. Let us figure out everything related to your company formation.
FAQs: Company Formation
- . What does Form NNC1 have in store for me during company formation?
Form NNC1 indicates your company’s name and details on its directors, shareholders, and registered office upon incorporation.
- Can I draft the Articles of Association myself?
Yes, you can, but we recommend highly to use standard templates or seek professional help.
- How long does it take to obtain a Business Registration Certificate?
Normally, within one working day after submitting the application.