Hong Kong Shelf Companies on the Market Currently: Should You Invest?

Hong Kong Shelf Companies on the Market Currently: Should You Invest?

Shelf companies are ready-made businesses that have fulfilled all legal requirements of registration and put on hold to be purchased by entrepreneurs.

The main reason why shelf companies have become popularized is due to the fact that they allow you to skip the registration processes; they’re already registered and have completed all the legal paperwork.

Should You Invest in a Shelf Company?

Opting to purchase a shelf company, when setting up a business in HK, can make your life a lot simpler.

Ease of Access

Firstly, the main reason why you should invest in shelf companies is their ease of access. Virtually anybody can come to own a shelf company in Hong Kong. This is because HK places no restrictions on the nationality of who is buying the company.

No difference between shelf companies and newly-made companies

Secondly, you must know that HK shelf companies adhere to the same standards as a newly-incorporated company in HK. Moreover, the new owners can change the company’s name, address and other particulars.

Age

Because shelf companies are pre-made, they have an older date.

This can be a big advantage for a company. When you begin to do business and apply for loans, clients and banks will look you up. This can be done online on the Integrated Company Registry Information System.

It’s common knowledge that many banks and business partners feel more comfortable doing business with a more established company since they can be counted on to pay off liabilities.

Corporate Image

Shelf companies also offer a kind of established business longevity and operating history which improves and builds on the Corporate Image. This means that you will be able to quickly build corporate credit. This refers to the credit your business earns over the years. It is essential in establishing and maintaining business and banking relationships with potential creditors.

If you’re a foreign business that’s interested in purchasing a shelf company, get in touch with an experienced agency that can guide you through the process.

Business China can help provide you a list of companies in Hong Kong that are on the market currently.

They can help you set up and register a company such as Joint Ventures, in China. To avail of their services, call them at +86-020-2917 9715 or send them your business proposals at proposal@set-up-company.com.

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