Currently, more and more Hong Kong entrepreneurs are choosing to expand their business in mainland China. The vast market, abundant resources, and favorable policies in mainland China provide unlimited business opportunities for Hong Kong people.

Types of Mainland Companies Registered by Hong Kong Residents

1. Wholly foreign-owned limited liability company: a company established and controlled by wholly foreign-owned enterprises, with 100% controlling stake held by a natural person or a shareholder of an enterprise (foreign-funded, Hong Kong, Macao, and Taiwan enterprises). A wholly foreign-owned limited liability company is a limited liability company, and shareholders only need to bear limited company debts.

2. Sino foreign joint venture: a separate enterprise jointly established by one or more mainland Chinese enterprises or individuals, and one or more foreign investors (foreign investors or investors from Hong Kong, Macao, and Taiwan, investment enterprises).

3. Foreign limited company: Similar to a wholly foreign-owned limited company, but with two or more shareholders (natural persons or enterprises).

Preparation materials for registering a company

1. Relevant information of the company, such as company name, registered capital, business scope, and registered address (25 digit house code).

2. Identity information of legal persons and shareholders. If it is a natural person from Hong Kong who invests, they need to provide a Home Return Permit; If it is a Hong Kong company investing, a Hong Kong company registration certificate and notarized certificate are required.

3. Supervisor ID information (supervisor and legal representative cannot be the same person), registration time: 3-5 working days.

The specific process of registering a company

1. Company name verification:

Firstly, prepare the company name and conduct online enterprise name verification, and wait for approval.

The company name generally consists of four parts: administrative division, trade name, industry (optional), and organizational form.

For example: Shenzhen (administrative division)+XX (brand name)+enterprise services (industry)+limited company (organizational form)

2. Application for registration:

After the name is approved and the system application is approved, the following documents can be carried offline to handle business registration: "Application for Company Establishment Registration", "Articles of Association", identity information of the legal representative and shareholders/supervisors, corresponding address proof materials, etc.

3. Engraving seals:

Go to the designated location to engrave official seals, financial seals, contract seals, invoice seals, and legal representative seals.

4. Open a corporate account:

After making an appointment with the opening bank, the bank will arrange personnel to come to the registered address of the company to take photos and verify. After verifying the relevant address proof materials, bring the following information to the bank counter to open an account.

The legal representative shall bring two original and photocopy of their ID card, two original and photocopy of the ID card of the online banking administrator, the original business license and the company's articles of association, official seal, financial seal, legal representative's personal seal, and proof of address materials (such as property ownership certificate or lease agreement).

5. Bookkeeping and tax reporting:

Within 30 days of obtaining a business license, it is necessary to set up account books, verify tax types, and handle accounting and tax reporting.

The advantages of Hong Kong people registering companies in mainland China

1. Tax incentives: The mainland government provides tax incentives and reductions for foreign-funded companies, reducing their costs and enhancing their competitiveness.

2. Convenient fund flow: The company can open overseas bank accounts to facilitate the entry and exit of foreign capital and promote cross-border trade.

3. Financial support: Mainland China will provide certain special funding subsidies to promote the innovation and entrepreneurship development of companies.

4. Market access: Enjoy equal opportunities for competition in the same market as the mainland, and benefit from market access and trade facilitation policies.